The progress of the redevelopment of the Waterfort Plaza, formerly the Plaza Hotel area, was revealed last week by the General Pension Fund Curaçao (APC) and development partner Heritage Plaza Consortium (HPC).
The goal for Waterfort Plaza is to create a vibrant and appealing space that will contribute to the revival of Punda in downtown Willemstad. Apartments, an arts and culture center, an educational venue, a boutique hotel, eateries, and public spaces were chosen as part of the multipurpose program.
The APC notes in a press statement that discussions have taken place with ROC Mondriaan and Venture Café over the program's execution.
APC and HPC have been working behind the scenes on a feasibility analysis since purchasing the Plaza complex last year. Various parties were invited in the process to obtain input and develop support during previous stakeholder sessions in May and August of this year.
The historic water fort arches are a key component of the overall plan. The first step is to open up the water fortress arches to the public via a walking promenade and to fill in the arches with diverse activities. The water fort arches are being developed in collaboration with the government, Curaçao’s Monument Foundation, and Curaçao’s Monument Fund.
The feasibility phase is currently being completed by APC and HPC. The following stage is to create a final program. The formal permit procedures required to carry out the scheme will then begin.
It is a complex area development that has many challenges, says the APC. "This requires a careful approach in which we take into account the historic site and the Unesco World Heritage status of Willemstad."
APC and HPC hope that the redevelopment of Waterfort Plaza will be a "catalyst for Punda and the rest of Willemstad. "Waterfort Plaza will thereby boost the economic growth and vibrancy of the inner city in downtown Willemstad. We will create direct and indirect jobs and stimulate a new form of cultural and heritage tourism." Once the permits are granted, construction will begin.
These will be granted by government agencies that are part of the Ministry of Traffic, Transport and Spatial Planning (VVRP). Construction is expected to take two to three years.
Last week a delegation from the APC and HPC visited the acting governor of Curaçao, Michèle Russel-Capriles. During their visit, she was given a detailed explanation of the redevelopment of the former Plaza Hotel area in Curaçao.
An exciting investment opportunity!
The goal for Waterfort Plaza is to create a vibrant and appealing space that will contribute to the revival of Punda in downtown Willemstad. Apartments, an arts and culture center, an educational venue, a boutique hotel, eateries, and public spaces were chosen as part of the multipurpose program.
The APC notes in a press statement that discussions have taken place with ROC Mondriaan and Venture Café over the program's execution.
APC and HPC have been working behind the scenes on a feasibility analysis since purchasing the Plaza complex last year. Various parties were invited in the process to obtain input and develop support during previous stakeholder sessions in May and August of this year.
The historic water fort arches are a key component of the overall plan. The first step is to open up the water fortress arches to the public via a walking promenade and to fill in the arches with diverse activities. The water fort arches are being developed in collaboration with the government, Curaçao’s Monument Foundation, and Curaçao’s Monument Fund.
The feasibility phase is currently being completed by APC and HPC. The following stage is to create a final program. The formal permit procedures required to carry out the scheme will then begin.
It is a complex area development that has many challenges, says the APC. "This requires a careful approach in which we take into account the historic site and the Unesco World Heritage status of Willemstad."
APC and HPC hope that the redevelopment of Waterfort Plaza will be a "catalyst for Punda and the rest of Willemstad. "Waterfort Plaza will thereby boost the economic growth and vibrancy of the inner city in downtown Willemstad. We will create direct and indirect jobs and stimulate a new form of cultural and heritage tourism." Once the permits are granted, construction will begin.
These will be granted by government agencies that are part of the Ministry of Traffic, Transport and Spatial Planning (VVRP). Construction is expected to take two to three years.
Last week a delegation from the APC and HPC visited the acting governor of Curaçao, Michèle Russel-Capriles. During their visit, she was given a detailed explanation of the redevelopment of the former Plaza Hotel area in Curaçao.
An exciting investment opportunity!