Discover the Remarkable Story of The Nitram of Waterloo Development
In the bustling streets of Kingston, a new six-storey apartment complex has emerged, known as The Nitram of Waterloo. This majestic structure has introduced 47 stunning residential units to the city’s housing inventory, with an overwhelming majority of them already finding their owners.
Let’s delve into the fascinating details of this remarkable project:
- The Nitram of Waterloo boasts 47 one and two-bedroom units, each meticulously crafted to offer luxury and comfort.
- The entire development was brought to life at a cost of $1.4 billion, thanks to the financial support provided by the Jamaica Mortgage Bank and Sagicor Bank.
- Anna-Kay Martin-Shirley, the visionary director behind Nitram Developments, reveals that only 18 units remain available for purchase.
- Interestingly, the units on the sixth floor have been reserved for families and specific buyers who expressed early interest in the project.
Price points for these exquisite units range from $36.5 million to $49.95 million, catering to a diverse range of potential homeowners. Despite facing challenges during its development journey, The Nitram of Waterloo stands as a testament to resilience and determination.
- The brainchild of Phillip Martin, the project faced setbacks due to the COVID-19 pandemic before being reignited in 2022.
- Following Phillip Martin’s passing in February 2024, his legacy was carried forward by his daughter, Anna-Kay Martin-Shirley, and her sisters, Kathryn Greaux and Wendy Martin-Haddad.
- Despite the success of this venture, the trio has no plans to pursue further endeavors in property development, considering The Nitram of Waterloo a unique and heartfelt tribute to their late father.
The financial backbone of this project was solidified by the collaborative efforts of Jamaica Mortgage Bank and Sagicor Bank, with the former providing 51% of the construction financing. Sagicor Bank also extends a generous offer of loans at a competitive rate of 8.25% per annum to prospective buyers of Nitram units.
As The Nitram of Waterloo stands tall amidst the Kingston skyline, it symbolizes more than just a residential complex – it embodies a touching legacy of family, dedication, and unwavering commitment to excellence.
To learn more about this extraordinary development or to secure your dream unit, contact us at luke.douglas@gleanerjm.com.
Embark on a journey of luxury living with The Nitram of Waterloo – where elegance meets convenience in the heart of Kingston.
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