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ST. CROIX REALTY
Message from Amy…
June is bustin’ out all over…with graduations andweddings and dance
performances and summercamps and World Oceans Dayand art exhibits and Father’s Day- just because it’s June! June!June!The 34th Annual Women's Race brought out more
than 180 runners and walkers. The Women’s Coalition ofSt. Croix sponsored the fundraiser with participantsranging in age from 8 years to 84-year-old Emy Thomas,the oldest runner in the race. Michelle Smith of the St.Croix Mustangs Track Club came in first overall, for thesecond straight year. Spectators added to the excitementfor a fun-filled Sunday afternoon in downtownChristiansted. Summer Sailing Camp at the St. Croix Yacht Club is
open June 6 through August 17. Classes are for beginnerto advanced ages 8-18. Sailors were invited to learn orperfect their skills and register with Morgan Dale or BrianCayne. Some scholarships are available.www.stcroixyc.com Anchors Aweigh!St. Croix Pride Parade was the Big Island’s first, and it
was a huge success. Frederiksted’s waterfront was thestarting point with onlookers cheering the marchers totheir final destination at Sandcastle on the Beach Hotel.LGBTQ travelers on a 2,100-passenger cruise ship dockedat the pier and joined locals in honor of Pride Month. St. Croix Educational Complex held its “Test and Tune”
Track and Field Invitational races on its newly surfacedtrack. Track and field athletes from St. Croix and St.Thomas competed on June 2. Renovations that began inOctober 2016 were completed through the CapitalImprovement Projects received by the Department ofEducation. New restrooms and a storage room wereadditions to the resurfacing. One runner expressed herdelight, “the track is better than running on grass.” “It’sgreat to see all eight lanes and feel the sponginess of thetrack,” said another.The Summer Solstice began its longest day of the year
at Point Udall, the easternmost point in the UnitedStates. It’s where the sun shines first thing in themorning! It’s summertime in America’s Paradise!Come see me on St. Croix!
AmyAmy Land-de Wilde
Regional President/Managing Broker
This newsletter written by Elisa McKay [email protected] CLICK
HERECLICKHERE
l coldwellbankervi.com
l stcroixforrent.com
l Gallows Bay Marketplace 340.778.7000
l Frederiksted 340.642.3333
Amy Land-de Wilde
St.Croix Real Estatereviews
St.Croix Real EstatereviewsFeaturing Real Estate Market Updates
and Local News of St. Croix, USVI
JULY 2018
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RefineryReqpeningGov. Kenneth Mapp announced July 2 that an
agreement has been signed with ArcLightCapital Partners, parent company of
Limetree Terminal, to reopen what was theHovensa refinery, shuttered since 2012.
The agreement signed by Mapp and ArcLightmust go before the legislature. The governorannounced ata pressconferenceon the 2ndthat he wouldcall the 32ndLegislatureinto specialsession on July 25 to take action on proposedlegislation arising from the signed agreement.
Mapp said, if the Senate ratifies the agreement,it would enhance the territory’s economy. Re-covery from last year’s hurricanes would accelerateand it would increase the life of the GovernmentEmployee Retirement System by five years.
According to the agreement, ArcLight wouldmake an upfront payment of $70 million to the V.I.government, with $30 million for land acquiredfrom Hovensa in a settlement and $40 million inprepaid taxes.
The V.I. government would retain thevocational training school and more than 350acres of land that also was part of the settlement.
Figures based on market conditions and otherfactors would estimate ArcLight’s payment at $22million a year in lieu of taxes. Mapp said it could beas high as $70 million a year or as low as $14million.
Hovensa paid $330 million in corporate taxes inthe 30 years it operated on St. Croix, said Mapp.
The owners of the refinery will invest $1.4billion, almost instantly, to refurbish the existingrefinery over the next 18 months. The creation ofmore than 1,200 construction jobs and as many as700 permanent jobs will result, once refining oper-ations commence at the end of 2019, Mapp said.
“is is great newsfor the people of theVirgin Islands.…”
St. Croix Real Estate Reviews, page 2
Qualified Virgin Islands residents will begiven preference in all hiring and ArcLightCapital will be required to advertise andpublicize all job opportunities, with theassistance of the local government, said Mapp.
Residents from St. Thomas and St. John whoare interested in working during thereconstruction of the refinery will be given freehousing while working on St. Croix, Mapp said.
Mapp said the terminal would process200,000 barrels of oil per day under the initialrefining operations from the agreement.
“The overall purpose is to have refinedproducts from the St. Croix refinery in themarket from January 2020,” Mapp said.
The former refinery located on St. Croix was one of the largest refineries in the 1970s and was able toprocess 650,000 barrels of oil per day. In 2012, the refinery stopped producing, and in 2015 filed forbankruptcy and was sold to ArcLight and the trading firm Freepoint Commodities.
The agreement would also promote a luxury hotel in Yacht Haven on St. Thomas under Hyatt,Hilton, or Intercontinental management. According to Mapp, the addition was to diversify the mostlyMarriott hotel brands on St. Thomas.
The Environmental Protection Agency and the Department of Planning and Natural Resourcesensured nothing in the allowed operations would cause damage to the environment or be detrimental toresidents’ health, Mapp said.
“This is great news for the people of the Virgin Islands. It will put millions into the recovery, expandour economy, generate new tax revenue to the government, create hundreds of non-refining jobs, andwill be the impetus for new businesses and provide support for existing ones,” said Mapp.
Phot
os b
y Mon
ica M
arin
In celebration of Freedom Week and in honor of USVIEmancipation Day, Crucian artist Mark Feijão Milligan IIexhibited his solo art show Black Saints at the Caribbean
MuseumCenter forthe Arts.MonicaMarincuratedthe June29 opening.Milligan was born on St. Croix and was mentored by
Paul Youngblood in his apprenticeship program for young,gifted art students on the island. He has been commissioned to paint murals for the Central Park Summer Stage and for Adidas.Milligan lives with his family in Hawaii, and traveled to
St. Croix for a weeklong family residency at CMCArts. He leda series of workshops for all ages featuring Capoeira Angola, an Afro-Brazilian martial art/dance form.“The objective of this exhibit is to explore a reality where
the spiritual culture of the African Diaspora is revered. It is aresponse to the external queries of integrity and value.Within this exhibit, there is a return to innocence, following the birth and life of august souls,” shared Milligan.Milligan’s extraordinary body of work gives the viewer a
glimpse into the depths of his spirituality. The exhibit runsthrough July 31.
Refinery ReqpeningContinued…
CMCArts presents
Mark Feijão Milligan II:“Black Saints” ART EXHIBITION
St. Croix Real Estate Reviews, page 3
St. Croix Walls Project is the brainchild of Glenda Smith, whoestablished the “outdoor art gallery” concept back in 2016. It hastransformed locations on St. Croix into amazing creations ofbeauty. Picture the Williams Delight Pump Station adorned withvibrant colors. Or an old rusty water tower on the East End, as an“urban skyscape,” said Smith.The seed had been planted in Smith’s mind back in the 1980s,
with thoughts of “beautifying” the Hess oil refinery on the outside.She never gave up the idea that the combination of an industrialcomplex and an “outdoor art gallery” could work. VI Waste Management Authority authorized Smith to place art
at its facility in Cotton Valley and the Williams Delight PumpStation. Smith has plans for many more artful installations acrossthe island.Putting Art Into Recovery (PAIR) is an expansion of the St. Croix
Walls Project mission. It is a post hurricane endeavor to bringcolor, positivity, and heart to St. Croix. St. Croix Walls Project received a Care Fund Grant from the St.
Croix Foundation to support PAIR as part of the recovery effortafter Irma and Maria. Local art students and professional artistsare transforming the blank walls at Sunshine Mall. Contributing artists are Tamara Michael, Vitaly Lopez and
Annie Bao. High school student artists are Jhylie Roebuck, MarcyChristian, Armani Doward and Surria Augustin. Contact: [email protected], 786.514.7850
STX Big AdventureSummer Camp AT AZ ACADEMY
Phot
o by
Jeni
se Sm
alls
ST. CROIX WALLS PROJECT
Phot
o by
Glen
da S
mith
“Window” by Vitaly Lopez
The Big Adventure Summer Camp began in 1997in Louisiana and thrived for nine years, untildirector, Julie Landreneau moved to St. Croix
and established the STX Big Island Adventure Camp(STX BIAC) in 2006 at St. Mary’s Catholic School.Landreneau created the camp’s philosophy: A place
promoting unconditional love and acceptance,empowerment, and a glimpse into his/her greatness.We say, “Let’s always be about living, learning,laughing, loving and playing each and every day.”STX BIAC is open Monday through Friday, 8:30
a.m. to 3 p.m. AZ Academy is the present location.Campers range from 3 to 13 years of age in the 8-
week summer session, June 18 – August 10. CIT(counselors in training) is open to all high schoolstudents entering the 9th grade, with references from
mentors, teachers or coaches. Many campers go on tobecome counselors. “Counselors are the glue of ourcamp,” said Landreneau.Big fun on campus includes swimming, life skills,
gym, team building, art, music and movement, funacademics, and talent show. Exciting and adventurous field trips can extend
from half or full day to some overnights of hiking, jeeptours, beachcombing, fishing, turtle watching,kayaking, cycling, and paddleboarding. STX BIAC creates a Crucian experience for local kids
or for stateside kids, who come summers to St. Croixto visit family. Spaces are still available. Call 340.718.7909 or
email [email protected].
St. Croix Real Estate Reviews, page 4
Feature Property of the Month Villa Ocaso on the West End isa custom built 5-bedroom, 4-bath home privately locatedon 13 acres with panoramicsea views, including PuertoRico. The home has manyextras including a rare 2-cargarage, swimming pool andhot tub and it is totallyhandicap accessible. Theestate has almost 7,000 totalsquare feet with 3,300 interiorand 3,600 exterior. The up-scale finishes include cypressceilings, cherry wood cabinetsand Italian tile throughout,locally-made mahoganydoors and windows courtesyof Architectural Millworks andfinished with impact resistanthurricane glass. Sea, bountifulgreen hills and the island'sbest sunsets dominate theview from this special locationfar enough removed to feellike a private oasis but only10 minutes away from thespectacular beaches andhistoric town of Frederiksted.
MLS 17-597 $1,998,000
43 C Little Princesse This 0.70-acre, waterfronthomesite is the ideal place tobuild your Caribbean cottage.Imagine waking up to thesoothing sounds of theCaribbean, followed by a longwalk on the sandy coast and
then cooling off in the crystal clear water. This rare lotis zoned R3 and has a canopy of coconut palm treesoffering natural shade.
MLS 15-1908 $295,000
112 Schooner Bay Fabulous hilltop Christianstedcondo! This 2-bedroom, 2-bathbeautifully renovated condooverlooks the ChristianstedHarbor and Hotel on the Cay.Enjoy outdoor living on the large, covered gallery thatspans the entire width of the condo with an easy flowinto the kitchen and living room.
MLS 18-1116 $199,000
Historic, Income Producing Property inDowntown Christiansted!
This commercial property in the heart of the townhas the charm of St. Croix’s historic past and islocated in a very high traffic area with ample storefrontage. Popular and successful shops andrestaurants occupying the units include CommonCents Pub, Asha, IB designs, Uptown Eatery, JoyiaJewelry, Ital in Paradise and Riddims. 3A and 3BQueen Cross street can be purchased separately ortogether.
$649,000 $649,0003A Queen Cross CH 3B Queen Cross CH
MLS 18-331 MLS 18-330
Villa Ocaso
MORE ISLAND VALUES
ST. CROIX REAL ESTATE MARKET WATCH249
2016-2017 AVERAGE DAYS MEDIAN 2017-2018 AVERAGE DAYS MEDIANSOLD ON MARKET SOLD PRICE SOLD ON MARKET SOLD PRICE
Home Sales 177 281 $267,000 142 322 $277,000 Condo Sales 142 266 $150,000 83 218 $156,000 Land under $39,999 40 343 $24,500 46 398 $25,000Land over $40,000 51 429 $79,000 35 485 $90,000Commercial 9 408 $250,000 16 629 $386,000
Information from the St. Croix Multiple Listing Service * The average sales price and the average days on marketcould be skewed greatly by only one sale or because of thesmall number of annual sales.
CLOSED SALES COMPARISON :6/30/16-6/30/17 VERSUS 6/30/17-6/30/18
e Good News…COMMERCIALPROPERTIESSOLD FOR
53%MORE Through this June,
compared to the sameperiod last year.
