An article in NuWire Investor, reposted from Global Property Guide, gives an interesting look at the two cities of St Croix:
“St Croix is the largest island in the US Virgin Islands, which offers pristine white-sand beaches, varied terrain and landscape, and superb restaurants. St Croix is more laid back than the other two islands.
“St Croix is nicknamed the “Twin City” because of its two main towns: Christiansted and Frederiksted. Christiansted is more developed with numerous restaurants and hotels. The town has preserved its 18th-century Danish-style buildings constructed by African slaves. On the other hand, Frederiksted is the main port for cruise ships in St Croix.
“Resorts and condominiums are mostly located on the north shore. Recent developments include:
* Mashantucket Pequot Tribal Nation – a 800 acre waterfront land planned to be developed as a mixed use community with a golf course, casino, hotel and residences.
*Carambola Beach Resort – the resort is undergoing a $20 million renovation managed by the Renaissance Hotels & Resorts.
*A development of 1,200 acres of land near the west-end of St. Croix by a Russian company Vitiol, which includes residential and timeshare development with golf course and other luxury amenities.
*Wyndham® St. Croix Golf Resort and Casino – Wyndham Hotels and Resorts unveiled the development of a $250 million complex, which is scheduled to open in 2010.
St Croix also has had 2 major economic announcements lately – the selection of the island for a major rum distillery and the approval of the Robin Bay project (see earlier blog).
Contact a local Coldwell Banker agent for buying opportunities – we are poised for growth and our prices are the lowest in the Virgin Islands.