Jamaican investment firm Kintyre Holdings (JA) Limited has achieved a significant milestone with its premier residential project, The Chalet, located in Bengal Beach, Discovery Bay, St. Ann. The development has received comprehensive regulatory authorization from all necessary bodies, including the National Environment and Planning Agency (NEPA) and the St. Ann Municipal Corporation, clearing the path for construction commencement.
Originally permitted in 2022 for an eight-unit complex, the project scope has been substantially expanded to 26 luxury residences following successful capital raising efforts. The newly approved design comprises 16 one-bedroom and 10 two-bedroom units, strategically positioned to leverage the site’s natural coastal advantages. The development promises exclusive beach access, sweeping ocean vistas, and premium amenities including a swimming pool, fitness center, and dedicated co-working spaces tailored for remote professionals.
With complete infrastructure already in place, the project advances to its foundational phase. Kintyre estimates total development costs at approximately J$900 million (US$5.8 million). The company is currently evaluating two strategic options: an outright sale of the fully-approved project package including all documentation and permits, or forming a partnership to secure construction financing and oversee project delivery.
Leadership changes accompany this development phase, with Tyrone Wilson assuming additional executive roles as Chairman and CEO of both Kintyre Holdings and Parallel Real Estate Ventures Limited, while also serving as chief investment officer to optimize capital allocation across the portfolio. Wilson emphasized real estate’s role as a foundational element for creating durable value and supporting Jamaica’s economic growth through world-class assets that meet both local and international standards.
The company acknowledged contributions from architectural firm StudiOH Core, project manager Randy Mattis, and other key partners in achieving this regulatory milestone.