Robert De Niro and billionaire James Packer plan massive new development on the island of Barbuda

Miami /
Aug.August 14, 2016 09:00 AM

From the New York site: Big changes are coming to the small, sleepy island of Barbuda. The government has just approved a large new development by actor Robert De Niro and billionaire James Packer on the island, located in the Eastern Caribbean north of Antigua.

De Niro and James Packer’s Crown Resorts have partnered on development deals in the past. For instance, when Crown Resorts paid over $100 million for 20 percent of Nobu, which is owned by De Niro chef Nobu Matsuhisa and film producer Meir Teper.

But of course, not everyone is happy about De Niro’s plans. Neighbors fought the development, which completely transform the island, according to Forbes. However, the team argues that the project will revitalize Barbuda stunted economic growth.

“Once they start construction of the hotel (phase one is 77 rooms, a spa and four restaurants), then they would have access to an additional 140 acres, within but no later than 36 months,” Ambassador Gilbert Boustany said in a statement. “They will have a beautification project for Barbuda, where they are in process now of creating a donkey sanitary, and refurbishment of the Government house to be used as a museum. Paradise Found also offered to have a Sustainable Development Plan done for Barbuda at their cost.” [Forbes]Christopher Cameron


Related Articles

arrow_forward_ios
Novak Djokovic with the unit (Eighty Seven Park unit photo via Lenny Kagan, Djokovic via Getty)
Novak Djokovic sells Miami Beach condo for modest profit
Novak Djokovic sells Miami Beach condo for modest profit
 Adam Neumann (Getty, Bal Harbour Florida)
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
Greg Norman and Tommy Hilfiger (Getty, iStock)
Buy this, sell that: South Florida luxury homeowners reshuffle during resi boom
Buy this, sell that: South Florida luxury homeowners reshuffle during resi boom
Tommy and Dee Olceppo Hilfiger with 313 Dunbar Road (Getty, Google Maps)
Tommy Hilfiger drops $21M for waterfront Palm Beach home
Tommy Hilfiger drops $21M for waterfront Palm Beach home
Dwyane Wade and Gabrielle Union with 5980 North Bay Road. (Getty, Brett Harris Homes)
Dwyane Wade, Gabrielle Union sell waterfront Miami Beach estate for $22M
Dwyane Wade, Gabrielle Union sell waterfront Miami Beach estate for $22M
Lynda Carter and the Four Seasons Residences at The Surf Club (Getty, Four Season)
“Wonder Woman” Lynda Carter drops $15M on Surf Club Four Seasons condo
“Wonder Woman” Lynda Carter drops $15M on Surf Club Four Seasons condo
Jennifer Lopez, Ben Affleck and their Miami Beach property. (Getty, Corcoran)
Jennifer Lopez and Ben Affleck are renting a Miami Beach mansion
Jennifer Lopez and Ben Affleck are renting a Miami Beach mansion
(Getty, iStock)
Penthouse anyone?: Caroline Wozniacki, David Lee upgrade at Palazzo Del Sol
Penthouse anyone?: Caroline Wozniacki, David Lee upgrade at Palazzo Del Sol
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...