places & spaces volume 7

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What an exciting year 2015 is shaping up to be! There are even more developments on track and more housing and real estate options for the discerning buyer, both in the capital city and several parishes across the island. Places & Spaces continues to be relentless in its pursuit of quality, as by now our readers expect no less than the very best in real restate options and articles, because for the past three years we have progressively made bold moves within the industry as we are committed to keeping stakeholders informed, intrigued and in the loop with everything from savvy market trends to new movers and shakers. As we present lucky number seven to our readers, we will be featuring our Capital city again. This time with twice the offerings for keen investors, as we not only highlight 16 Charlton Road as our cover story, a dream residence where tranquillity is guaranteed far from the maddening crowd, but we also feature PROVENs super studios dubbed Ei8ht... Read

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  • VOLUME 7 March June 2015

    Places & SpacesDevelopers & Realtors

    Market Listings

    No OrdinaryResidential

    Complex

    16Charlton

    Road

    J$30000SCAN FOR DOWNLOAD

    INTERACTIVE PRINT Download the freeLayar App

    Scan this page Discoverinteractive content

    PROVEN delivers 'Ei8ht'

    UniversityChapel

    Making every home stylish

    Perils of buying orrenting property

  • 2011 B.I.D. InternationalQuality Summit Award Winner

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    KINGSTON10-12 Shortwood Road, Kingston 8Tel: (876) 925-8561, 925-9869 Fax: (876) 755-0667

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  • 4P l a c e s & S p a c e s

    Publishers NoteWhat an exciting year 2015 is shaping up to be! There are even more developments on track and more housing and real estate options for the discerning buyer, both in the capital city and several parishes across the island.

    Places & Spaces continues to be relentless in its pursuit of quality, as by now our readers expect no less than the very best in real restate options and articles, because for the past three years we have progressively made bold moves within the industry as we are committed to keeping stakeholders informed, intrigued and in the loop with everything from savvy market trends to new movers and shakers.

    As we present lucky number seven to our readers, we will be featuring our Capital city again. This time with twice the offerings for keen investors, as we not

    only highlight 16 Charlton Road as our cover story, a dream residence where tranquillity is guaranteed far from the maddening crowd, but we also feature PROVENs super studios dubbed Ei8ht, thus ensuring that we have provided options for every preference as well as pocket.

    Other articles examine your strata corporation, the perils of renting and buying property, how to start a container garden, chic ways to revamp your home in 2015, the benefits of eating less salt and how having an in-law suite may be a

    viable option for your family. Also thrown into the literary mix are stories on how to have a successful yard sale, choosing great indoor plants for your home and how Home & Things Limited can help you make your home super stylish.

    We know you appreciate Places & Spaces easy to navigate format as you get the best development options, realtors listings and everything in between for a more informed choice. Continue your journey with us in 2015 as we cement our place in your hearts as your chosen local real estate guru, for as we always say if we list it, you will love it.

    Michele GabayManaging Director MAPCO Printers Limited

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  • 6P l a c e s & S p a c e s

    43REALTORS LISTING

    67DEVELOPERS LISTING

    79AFFORDABLE HOMES LISTING

    11PROVEN DELIVERS MORE THAN EI8HT reasons to invest in their new super studios

    104CONTAINER GARDENING Grow (at least some of) what you eat

    98LOSE THE SALT

    24

    Be Inspired

    Be Knowledgeable

    Be Creative

    Be Informed

    Be Proactive

    Be Energized

    University Chapel

    33MAKING EVERY HOME STYLISH Home & Things helps outfit your home with top-line fittings & fixtures

    38THINGS THAT TRANSFORM A HOUSE INTO A HOME Essential items

    16COVER STORY: 16 CHARLTON ROAD This is no ordinary residential complex

    24UNIVERSITY CHAPEL Uniquely significant architectural icon

    40D.C. TAVARES FINSON A player in the Real Estate industry since 1921

    94GREAT PLANTS FOR THE INDOORS Bring natural warmth into your living space

    101YOUR STRATA CORPORATION & YOU

    106THE PERILS OF BUYING & RENTING PROPERTY You never know what you might be getting

    285 CHIC WAYS TO REVAMP YOUR HOME IN 2015 Advice from the experts at Spaces

    86THE IN-LAW SUITE An option for the extended family

    89HOW TO HAVE A SUCCESSFUL YARD SALE

    Be Aware

  • 7P l a c e s & S p a c e s

    16

    98

    16 Charlton Road

    Proven Ei8ht

    Lose the Salt

    Features

    11

  • 8P l a c e s & S p a c e s

    INTERACTIVE PRINT

    THIS MAGAZINEIS ENCODED WITH

    Download the freeLayar App

    Look for Layar iconand scan the page

    Discoverinteractive content

    Publisher MAPCO Printers Limited

    Editor Nicola Cunningham, CPS

    Contributors Devine White Betty Phillipps Janelle Pantry Heather Fagan Raymond Wilson

    Graphics McMedia Graphics

    Creative Director Nicholas McClure

    Cover Photograph Karen Britton

    Photographers Karen Britton Fullon Properties Michael Williams Nicola A. Cunningham Joseph Myers

    Printers MAPCO Printers Limited

    Advertising Sales MAPCO Printers Limited 71-73 Montgomery Avenue Kingston 10 Tel: (876) 929-2623 Fax: 920-5158

    Sales Associates: Marsha McKay mmckay@mapcoprinters.com Sheldon Skyers sskyers@mapcoprinters.com Shelly-Ann Dunkley shelly@mapcoprinters.com Eileen Dunkley-Shim eileen@mapcoprinters.com

    Distribution MAPCO Printers Limited Sandra MacDonald

    Ezine www.issuu.com/placesandspaces

    Download Places and Spaces Magazine at www.placesandspacesmag.com

    The publishers of Places & Spaces accept no liability for the views and/or opinions expressed within this publication. MAPCO PRINTERS LTD makes every effort to ensure the accuracy of information presented but accepts no responsibility for errors, omissions or claims made in any section of this publication. All material is this publication is protected by copyright and other intellectual property laws. No part of the publication may be reproduced or utilized in any form without written approval from MAPCO PRINTERS LTD.

    Credits

    and Jamaica National Building Society e-news jn.placesandspacesmag.com

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  • In Jamaica, one sure investment you can always bank on is real estate, which is why investment gurus Proven Management Limited sought to provide super studio apartments that are to die for as they are packing style, sophistication and surprisingly space.

    P&S sought out Johann Heaven, Provens Senior Vice President of Investments about his companys foray into real estate, as well as a bit about the company itself and what it has to offer the discerning investor.

    Be Proactive11

    P l a c e s & S p a c e s

    Ei8ht PROVEN delivers more than

    reasons to invest in their new super studios

  • 12P l a c e s & S p a c e s

    Dubbed Ei8ht, a play on its location at number 8 Kingsway Avenue, it features thirty-one apartments, designed by architect Rivi

    Gardner. The project which was a joint venture between Proven and developers Matalon Homes, is block and steel construction which commenced in April 2014 and is set for completion by March 2015.

    A complex with fabulous modern features said to be reminiscent of the nearby architectural splendor that is Devon House with its uniquely breathtaking Georgian style, Ei8ht boasts several high-

    end amenities, including a spacious open-concept layout, wood

    cabinets with solid-surface countertops, high quality porcelain

    finishes, laundry facilities in each apartment, on-site generator for

    units and common area, spacious parking and covered portico entrance,

    The target market for these units are young professionals, persons looking for a starter home, and overseas individuals who need a nice apartment in Kingston. These apartments can provide a highly-

    attractive level of rental income and a modern, comfortable living space as the complex is centrally located in Kingstons cosmopolitan

    centrally located in Kingstons

    cosmopolitan area

  • 13P l a c e s & S p a c e s

    13P l a c e s & S p a c e s

  • area within close proximity to all key facilities, including a well-respected and efficient hospital. In the surrounding

    areas, you can easily source restaurants, malls, business complexes, supermarkets, churches and several schools in New Kingston, Half-Way-Tree and along Hope Road.

    Already, more than a third of the apartments have been sold as prospective buyers have cottoned on to the fact that for this prime location in the heart of the city, the price is virtually a steal. Designed for functionality and ease of living in mind, there are three spacious units of 500, 560 and 770 square feet which fetch a reasonable price of J$12.5M, J$13.75M

    and J$14.25M respectively. Based on their estimation, Ei8ht promises to be a considerable investment option for smart real estate buyers as the market value of nearby properties within the area appreciates by 3-5% annually.

    Established in 2010, Proven Management Limited is not a financial institution but an investment company, as Heaven

    explained to us. We are not a financial institution in the

    strictest sense, we are an investor of capital and so we look for the best opportunities to deploy that capital. We invest in three strategies: portfolio of international changeable strategies, which is our core business and private equity investors in the financial sector and then thirdly, real estate.

    The name Proven, he said, is a pun that speaks to the company that has proven track records with several of the partners from the old DB&G team. Their next real estate project is a new construction of 25 apartments set for later this year on Sullivan Avenue.

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