Barbados is set to witness a transformative investment of over $700 million in two of its largest housing developments, spearheaded by construction magnate Mark Maloney. The executive chairman of The Maloney Group unveiled ambitious expansion plans for The Residences at Coverley and Atlantic Breeze in Christ Church during the TVET Council’s 4th Barbados Annual Construction and Design Conference. The Residences at Coverley, already in its first phase, will deliver nearly 600 homes, complemented by a vibrant lifestyle community featuring the island’s first dedicated nature trail and a sprawling 70,000 square-foot retail town center. Maloney emphasized the inclusion of major brands, restaurants, and entertainment venues, estimating the investment at Coverley to be around $500 million. Atlantic Breeze, with its second phase nearing completion and third phase underway, will contribute an additional $200 million, bringing the total investment to over $700 million. Homes in these developments are priced between $200,000 and $300,000, offering unmatched value, according to Maloney. Despite initial roofing issues in phase one, which have since been resolved, Maloney expressed confidence in homeowner satisfaction and the company’s commitment to addressing any concerns promptly. The government has also pledged to upgrade road infrastructure leading to the developments, with work expected to commence soon. Looking ahead, The Maloney Group is exploring additional projects, including condominiums and hospitality investments, and is considering similar developments abroad to cater to international buyers seeking well-organized, amenity-rich communities.