The Unique Properties Group of Colliers International is pleased to present the rare opportunity to purchase the ‘Aqua Marina’ Development in Oranjestad, Aruba. This partially completed mixed-use retail and condominium development is located on the waterfront in downtown Oranjestad, the Island’s capital city.
Located in the beautiful South Caribbean, just off the northern coast of Venezuela, Aruba is an autonomous part of the Kingdom of the Netherlands and enjoys one of the highest standards of living in the region. With both English and Dutch widely spoken, Aruba caters to both North American and European travelers with over one million tourist visits per year.
Recognized as one of the premier development properties available in Aruba, Aqua Marina is situated directly adjacent to the Island’s cruise ship terminal in the Port of Aruba. Aruba is a major destination port in the Caribbean with over 500,000 visitors arriving by cruise ship annually. The Port of Aruba is able to accommodate the largest cruise ships, providing an excellent source of visitors for any future retail or restaurant uses at the Aqua Marina Development.
Aruba’s
International airport (Queen Beatrix) is located only 4 kilometers from
downtown Oranjestad and the Aqua Marina property. Furthermore, its direct
waterfront position and downtown location is optimum for both residential and
hotel occupancy.
Consisting of approximately 6,339 square meters (68,000 square feet), this property is partially developed with a six storey building. The development was built to incorporate retail and restaurant uses on the first and second levels, condominiums on the third to sixth levels, and a fitness facility and lounge on the rooftop. The total building net area is approximately 12,000 square meters (129,163 square feet).
While
many of the retail units on the main levels were completed and occupied at one
point, the upper floors that were intended for residential units were left
largely unfinished when the company undertaking the development ran into
financing difficulties. The Aqua Marina project provides an excellent framework
from which to continue on with a new residential, or possibly hospitality
oriented development in one of the Caribbean’s most affluent countries.
Price in USD.
