Land clearing has been underway, silt fences have been installed, and construction could begin by fall.
FOLIO has launched a Web site for Pond Bay. It includes a site plan and artist renderings of units.
There will be several dozen units, including three- and four-bedroom villas and cottages. The Club will be part of the Folio Collection, a of "destination club" real estate venture. The New York Times published a story Sunday about destination clubs. Read it here.
The Helium Report says one-ninth interests in Pod Bay will start at $325,000 and guarantee buyers’ access for 35 days a year. Annual maintenance fees will begin at $10,000.
"Pond Bay Club is planned to be a private enclave of spacious villas and cottages with the amenities of a spa, swimming pools, restaurant, beach club and clubhouse. Located in Chocolate Hole, on perhaps the last great beachfront development parcel in St. John," explains an information page on the Web site of Holiday Homes.