Republic Bank to Redevelop Rodney Bay Marina, Investing Over EC 300 Million

Thursday, May 02

T

he sod was turned for the Rodney Bay Marina Redevelopment Project, funded by Republic Bank alongside local partners, which will transform the Rodney Bay Commercial Centre.

The 14-acre project is being developed by Blue Investment Ltd., a subsidiary of Domhad Properties Ltd. The development will comprise five multi-story buildings and incorporates commercial, retail, residential and recreational spaces.

A 102-room hotel, 20 condominium units, bars and restaurants, offices, a supermarket, Cineplex, jetties, and a boardwalk are some of the specific amenities coming to the Marina. The development will also host the Headquarters for Republic Bank.

Prime Minister Pierre, who remained tight-lipped about the project until its commencement was confirmed, broke his silence on social media on April 28th. Pierre highlights the perceived renewed investor confidence in Saint Lucia since his administration assumed office in 2021.

We are witnessing an unprecedented surge in local and foreign investment interest. This surge in investments has been enabled by the transparency in government negotiations with investors and the government placing the interest of Saint Lucia first,” he said.

Construction on Phase 1 of the development will begin in the coming weeks and is scheduled for completion in December 2025. Republic Bank looks forward to this new chapter not only for the Bank but the positive impacts of this investment on the local community, the country and beyond.