Master Plan
An approved, permit-ready vision.
Spring Valley's approved master plan organises 12 residential apartment blocks — six blocks on one side and six blocks on the other — alongside amenity structures and approximately 130 parking bays across ~4.736 acres of registered freehold land on Lot 46 Mahogany Drive, St. Mary, Jamaica.
Site & Programme
An entitled freehold site.
The approved permit-ready programme delivers 104 residential units — 72 Studios and 32 One-Bedrooms — across 12 residential apartment blocks (six on one side and six on the other) with supporting amenity structures. Gross Building Area is 137,794 sq. ft. with 107,835 sq. ft. of Net Sellable Area. Final BOQ construction cost is US$23,308,222 with a total project cost of approximately US$28.60M. Base Case gross revenue is ~US$47.45M at ~US$440/SF NSA (Baseline pricing ~US$385/SF NSA), with US$10.37M equity required and a Base Case IRR of 36.2%.
Land & Site Facts
- Title ReferenceVolume 1237 / Folio 657
- Land TypeRegistered Freehold
- Site Area~4.736 acres
- Sq. Ft.206,300
- Sq. M.19,166
- Coordinates18.401990, -77.011672
- Apartment Blocks12 (six on one side, six on the other) plus amenity structures
- Parking Bays~130
- Approved Units104 (72 × Studio, 32 × One-Bedroom)
- Gross Building Area137,794 sq. ft.
- Net Sellable Area107,835 sq. ft.
- BOQ Construction CostUS$23,308,222
- Total Project Cost~US$28.60M
- Base Case Gross Revenue~US$47.45M
- Baseline Pricing (Approved)~US$385 / SF NSA
- Base Case Pricing (Approved)~US$440 / SF NSA
Phase 01
Site Preparation
Subject to capital partner schedule
Phase 02
Vertical Construction
12 apartment blocks
Phase 03
Amenities & Landscape
Pool, lounges, fitness, retail
Phase 04
Delivery & Handover
Residential occupancy
