Residential property developer New Era Homes 2000 is planning to develop 224 high-end beachfront apartments at Drax Hall in St Ann, Jamaica. The company has already received the requisite building approvals and construction should start in July 2010.  The complex will boast an underground parking garage, swimming pools, tennis courts, gazebos, restaurants, a health club, mini mart and a private beach. The development on the 14 acre property will comprise 168 two-bedrooms and 56 three-bedrooms apartments, which are to be sold for between US$350,000 and US$400,000.  

The development is projected to be completed within 36 months, with the units being presold, and completion for the first phase scheduled for February 2011.  New Era has over the past 10 years brought to the market noted St Catherine developments such as Angels I, Angels Estate II, Cedar Grove, Cedar Manor and Caribbean Estate. The NHT is a possible co-financier of the Drax Hall, St Ann project.

Read more at http://www.jamaica-gleaner.com/gleaner/20100611/business/business1.html