places & spaces volume 7
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DESCRIPTIONWhat 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
VOLUME 7 March June 2015
Places & SpacesDevelopers & Realtors
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PROVEN delivers 'Ei8ht'
Making every home stylish
Perils of buying orrenting property
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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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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
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
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16 Charlton Road
Lose the Salt
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Editor Nicola Cunningham, CPS
Contributors Devine White Betty Phillipps Janelle Pantry Heather Fagan Raymond Wilson
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Cover Photograph Karen Britton
Photographers Karen Britton Fullon Properties Michael Williams Nicola A. Cunningham Joseph Myers
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and Jamaica National Building Society e-news jn.placesandspacesmag.com
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.
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Ei8ht PROVEN delivers more than
reasons to invest in their new super studios
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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
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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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