"The luxury Port St. Charles Marina in St. Peter is in line to get more upscale company in addition to the massive Port Ferdinand marina project now taking shape a stone’s throw away. More than 23 acres of land once located Heywood’s across the street from Port St. Charles north of Speightstown is to be the location of 152 housing units, already approved by the Town Planning Department. Barbados TODAY was reliably informed that the land once owned by the City of Bridgetown Credit Union was being sold for $50 million by real estate companies here and overseas. “Town Planning approval was obtained some years ago for a substantial development of 152 units positioned around a man-made lake. The site falls within the Special Development Area and would therefore benefit from concessions on taxes and duties,” an outline of the real estate venture stated. “This prime site comprises approximately 23.86 acres of land, and is ideally situated directly opposite the exclusive marina development of Port St. Charles just north of historic Speightstown. The Port Ferdinand marina, currently under construction, is located just to the north of this site,” it added. Once the property was sold it would be up to the new owners to determine whether they wanted to proceed with the project exactly as previously prescribed..."
Source: Barbados Today