The Dominican Republic’s less popular northern coast will be receiving a boost with the development of AtlanticA, a 1,100-acre resort development poised to become the Caribbean’s largest. Carlton Advisory Service’s hospitality group, in a joint venture with an undisclosed New York-based private equity fund and developer Kingsport Partners, has announced that the $500 million first phase of construction is slated to begin November 1.
The location is on the northern coast of the Bay of Luperon, which is a protected bay due to surrounding peninsulas and islands, and when the entire resort development is complete, it will span 10 miles of coastline. The developer has so far obtained approvals to construct approximately 3,500 condominiums and estates, 450 marina slips, 80 super yacht hangers, several golf courses and what may eventually amount to 10 hotels. Herzberg said that the development would also include its own private commercial airstrip.