FOR IMMEDIATE RELEASE
Media Contact:
Glen Calder
561-750-9800 x216
gcalder@transmediagroup.com
Boca Raton, FL August 31, 2006 – T-Rex St. John, LLC, a US Virgin Islands company, announced the acquisition of 10 acres in the Coral Bay Quarter of St. John, US Virgin Islands. T-Rex is exploring the options to build an environmentally friendly residential, commercial and marina development. T-Rex St. John entered into a 99-year lease with The Moravian Church for the land. The project is backed by T-Rex Capital, LLC, one of the United States’ leading developers of residential, commercial and government properties.
The development will be located on two separate lots of land– on the waterfront itself and on a dramatic hillside overlooking Coral Bay. Also planned is a full-service marina in Coral Bay, which will accommodate sailboats of all sizes, motorboats and large yachts. The site is located in well-protected Coral Bay Harbor surrounded by the mountains with easy access to the open waters of the Caribbean.
“We are working very closely with the Moravian Church and area residents to ensure that the integrity and beauty of this dream location is kept intact,” said Tom Mulroy, CEO of T-Rex Capital.
The project is just commencing its design phase.
All aspects of this development will be eco-friendly including the use of solar panels in construction and a pump-out facility in the marina for waste removal. Other plans on this property include a state-of-the-art, full-service spa, a five-star restaurant as well as community and marina based retail space. The adjacent recreational, school and government facilities will remain intact.
T-Rex St. John plans to submit applications for permits to the island’s governance as early as November 2006. The project is yet to be officially named.
About T-Rex, Capital, LLC
T-Rex Capital is a preeminent developer of residential, commercial and government properties throughout the United States and is headquartered in Stamford, CT with offices in Washington D.C. and Boca Raton, FL. The Company was founded in 1999, and its reputation is widely respected throughout the industry as a leader in delivering top-quality, highcaliber projects including mission critical facilities for the government. www.trexcapital.com
# # #