Gore Developments Limited has acquired a 475-acre property at Old Harbour in St Catherine from Matalon-owned West Indies Home Contractors (WIHCON) to develop more than 2,000 homes on lands known as Whim and Brampton Farms.
Christopher Gore, managing director of Gore Developments Limited, confirmed the purchase Tuesday, but declined to say how much he paid for the property. But the entire development will be a $10 billion to $12-billion investment, Gore told Wednesday Business.
Jamaica Observer, July 26, 2009
Gore Developments is currently seeking planning approval that will clear the way for construction of over 4,500 housing solutions in St Catherine.
According to Gore's Environmental Impact Assessment (EIA), submitted to the National Environment and Planning Agency this month, the development is expected to take five to six years to complete while pumping $10 billion into the economy. After having success with its New Harbour Village - an 845-two-bedroom-house subdivision located to the south of Old Harbour and in close proximity to the Old Harbour exit off Highway 2000 - Gore now wants to proceed with phases two and three that will involve the construction of 1388 and 953 two-bedroom houses, respectively, with similar amenities to those built during the first phase.