JM | Feb 27, 2023

Ground broken for $2.5-billion luxury Bonne Chance housing development

/ Our Today

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Minister of Industry, Investment, and Commerce, Senator Aubyn Hill (centre), in conversation with Chairman and Co-Founder, FirstRock Capital Resource Limited (FCR), Ryan Reid (left); and Director and Co-Founder, FirstRock Real Estate Investments (FREI) Limited, Dr Michael Banbury, at the ground-breaking ceremony for the FREI new $2.5-billion luxury residential development, Bonne Chance, located at 8A Brompton Road, Kingston, on Thursday (February 23). (Photo: JIS)

Kingston is fast developing, and FirstRock Real Estate Investments (FREI) is set to add to the city’s expansion with its $2.5-billion luxury residential development, Bonne Chance.

Located at 8A Brompton Road on the outskirts of New Kingston, the nine-storey, mid-level high-rise complex will feature 43 units, ranging from studios to penthouse suites. 

The ground-breaking ceremony for the luxurious development was held on Thursday (February 23).

Bonne Chance will comprise 31 studios – 700 sq. ft.; 10 one-bedroom units of approximately 1,100 and 1,800 sq. ft., and two, two-bedroom penthouses, 1,900 sq. ft. and 3,000 sq. ft.

Minister of Industry, Investment and Commerce, Senator Aubyn Hill (second right), participates in the ground-breaking exercise for the FirstRock Real Estate Investments (FREI) $2.5- billion luxury residential development, Bonne Chance. Also taking part in the exercise are (from left) Denroy Pusey, head of real estate business, FirstRock Capital Resource (FCR) Limited; D r Michael Banbury, director and co-founder, FirstRock Real Estate Investment Limited; and Ryan Reid, chairman and co-Founder, FirstRock Capital Resource Limited. (Photo: JIS)

Amenities include underground parking and one surface grade, providing a total of 72 parking spaces.

It also boasts an infinity pool that is suspended from the second floor, and entertainment spaces, gym, yoga deck, and roof-top running track, and garden terrace.

The smart building will be fully monitored by 24/7 security. It will also be equipped with electrical monitoring, intercom system, and a stand-by generator. Construction is slated for approximately 24 months.

Minister of Industry, Investment, and Commerce, Senator Aubyn Hill, who brought greetings at the ceremony, said the development represents a significant investment in providing housing solution in Kingston and St Andrew.

An artist’s illustration of an interior at the Bonne Chance.

“This development represents an opportunity for those who live and work within the Corporate Area and can afford solutions like these to purchase and live in close proximity to where they work and where the services they need are accessible,” he saidd.

Hill said private developers such as FirstRock are critical to meeting the overwhelming demand that exists in the housing sector.

Head of Real Estate Business, First Rock Capital Resource (FCR) Limited, Denroy Pusey, said the target markets include first-time homeowners, real estate investors, institutional investors – pension funds, banks, and real estate investors.

“We have secured approval from all the relevant government agencies to start work right away,” Pusey shared.


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