Grace Bay Resorts has begun construction on The Point, a new luxury residential and resort project on a 9.5-acre beachfront site in Providenciales. Departing from the trend of high-density development along Grace Bay, the company is limiting the project to 58 total residences and resort units.
The project adjoins the boutique hotel Point Grace, which the developer acquired in 2018. While zoning regulations permitted nearly 400 hotel rooms, Grace Bay Resorts opted for a lower-density plan to prioritize privacy. This includes The Casitas, a collection of 16 two-bedroom residences featuring private gardens, pools, and outdoor showers. Grace Bay Resorts Chief Executive Officer Mark Durliat stated the company chose this approach to emphasize design over maximum capacity.
Construction is now underway, following a recent preview for the local real estate community held with Turks & Caicos Sotheby’s International Realty. As beachfront parcels on Providenciales become scarce, most new developments are moving toward high-rise designs. The Point instead continues the company's focus on low-density hospitality, representing a notable contrast to the wider development cycle currently reshaping the island's coastline.