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Thursday, December 27, 2018 VIRGIN ISLANDS The Virgin Islands Daily News 7
Thatch Cay goes on sale for $27.5 million asking price
By BRIAN O'CONNOR Propane LLC and Christian Kjaer. The undeveloped Hans Lolliek Is-
Daily News Stare who pen wady awed pontoon of lands were purchased by a company
the island. The island has at least or. called US Virgin blends Properties
ST. THOMAS —One of the largest house with a swimming pool. based on LLC in October 2014.
pine islands n the ternary- is up for Goode Slaps photo. Loryngo Cay. north of St. John.
oak Jenny Epstein — a multimillimuirc is subdivided into numerous pirate
Late Christ us shoppers can snag it eurnwed of whaling underage pats parcels. ad has multiple houses with
for 527.5 million. according to multiple crann by Weal authnnue. -- owns swimming pools.
local real estate listings. lerle St Anne bland sons-tows re- Congo Cay and adjacent Car-
Thatch Cay, a twomilelong strip icrnM to as Lesser St Junes. The island vat Rocks belong to the territorial
of land off the northeast shore of Si. his an exteiRdampound with a large government.
Thomas. has been listed on seen! Io- decorative ms, nailtipk swimming Buck Island north of N. Croix. Is
ta/ real estate Sala Thatch Cay forms pools. tennis mw. a Knee dock. Feb. owned by the federal government as
the northern boundary of Pillsbury pod and pee engraird with two large Buck Island ReefNational Menumen.
Sound and is viable from Coki Point sea shells Mow heldings are etwaerni Another Buck Island. closer to St.
on the EastEnd of St. Thanes 'war the bsiklingi reetticrenom pen. Thomas, with a define lighthome. is
Mtn* Cay. the mitettn4st of the Dog Nand a small edneleped cay also owned by the federal government
narrow islands to the north of Pillsbury off the southern tip of Little St. James as the Buds Island National Wildlife
Sound. is in a different paccel. Island is property of the knitorial refuge. The adjacent Capella Wand is
The roughly 230-acre Thatch Cay goemmera owned by the territorial gewerment
has been in the sights of de.nopers for 'hat at Creed slain l
The Bra,. I sands — Inner and A third Buck Island this one off St
Thatch Cay has been hated for sale Developers had sought to build 101
yeas homes en the island off St Thomas.
Outer Brass —.taskoff St. Thomas's John. w owned by the Territorial gov-
Thatch Cay LLC. a company owned North Side, are a blend of pante and ernment
by Isaac and Mateo Levy. worked to pubic ownership. A handful of people A 2010 US. Factory Service assess-
develop the island fee about 15 years, documents mimed to the previous per- round the larger inhabited islands in the and companies own parcels on Inner ment identifies Savana Island and Sail
alter the company purchased the prop- mit but in no way is seller representing Brass. whale Oster Brass belongs to Rock. the vbeaemmoal of the US. Vir-
aty n 200l according to de deed The that the previous development option Great M. lames Island —Someone> the tonna-el goverment. according to gin Islands. as protein., areas.
company sough: and obtained Centel is pan of this sale:' an adwnwanent referred to 34 Rig St James Wand -- propeny records - • C'eoper Brian O'Connor or 340.
Zone Management permits in 2009. reeds. "Buyer may buy the island and owned by Crew St. Jim LTC. follow- At lent ex house n visible on wel- 714-9130 or mod bocomorgdoity.
and obtained alcnsians in 2010. 2011, have it as a invite elate similar ing bed acquisition' in 2016 from 651 l:re photos of Inner Brass. MI5's
and again over an appal in 2014. recent island acquisitions or as a later
Ham submitted to the Coastal Zone date decide to develop it but the con-
Management committee called fee lot tract must not have the contingency of
Mines and 24 sipped liuddings On the
island including a community center.
permitted ckvelopman plaits"
Thatch Cay likely would present
Big Lee Cistern Services
clubhouses. a yoga pavilion, spa. two
dining areas. two tennis courts sew-
significue challenges to developers in-
terested in turning it into a commercial
since 1987
age treatnent plants, a rewire osmosis real estate ulnekpenent. said Sharon
MAKING THE PATH ccat
plant. generators, a 21-tip deck. 25
boat moorings and a helicopter landing
lioppnch. alsancr-broker with Ca-
lypso Realty
FOR OTHERS TO FOLLOW it
Accordingsoan investment prospec-
tus developed by Thatch Key EEC, the
project was divided up into two phases
"If it wet an easy thing to develop.
it would have been doe already." she
said.
During the winter, the island is buf-
Licensed, Bonded & Insured
340-775-7797 or 340-690-2927 • r 3
In the first thee. Jed:we planned feted by the trade winds and tan cur-
to build working infrastructure, includ rents on the Atlantic ode making for
ing a deck. nuts, water tiltraties. and rough landing. liuppnch VPI fas-4
a heleopter pad. Redevelopment for The coy probably would Sere better
houses occurred in the second phase. as the setting for a small-scale residen-
according to the docuniero tial doclorrent- liupprieh said. Da
r ts. tat; \ SERVICE,
I
local residents had epperied the The island has been inhabited in the
development over ens:roan:caul con-
tern. The turrets owners won't x -
past, accosting to Thatch Cay TIC
documents. Al various times since the in DEDICATION,
cep, updating coristrutlian penuu as a 1703s, the island had a plantation, a
condition of sale. according to multiple
real estate ads
small tithing village and a working
copper mine. acceding to Thatch Cry IJ II COMPASSION,
"The buyer upon swing a nondis-
closure agreement may look at all the
assessments, envirceinental studies.
LLC documents.
Undeveloped single ownership is- VALUE.
lands. like Thatch and Grass cays, Sur-
We provide a wide range of
funeral services including
VIP Awards & EngravIn soni pre-arranged funeral packages,
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For more information andlor d Ilona... Email: no.an 9-furfey
for Fury FatAt s
CALL 340-774- i 01 www.hurhydavi0imeralkume.com ef Cast:U-1ON CRNTER
EFTA00800056
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