Major resort in works
Developer Tim Banks says work will begin in the fall in Tracadie Harbour
Construction on a $30-million, 62-acre resort will begin this fall in Tracadie Harbour.
Developer Tim Banks subdivided 58 lots back in 1996, 41 of which will be developed now.
The project will also see about 20 fractional hotel units constructed. A fractional hotel unit is a cluster of small buildings, some of them with three units, others with two.
“They’re sold like a condominium,’’ Banks said. “The owner then reserves out when they want to stay there during the season and the other part of the season our corporation will be managing the property will rent them and offer them up as hotel units.’’
The project, which got put on the backburner back in ’96, got off the ground after Banks was inspired by Cabot Cliffs in Cape Breton.
“They’ve developed a similar kind of project so we scaled back on the number of lots that we’re going to do.’’
And, being sensitive to the Island’s coastal environment is foremost on his mind.
“We have a very restrictive covenant on what we’re trying to do. We’re trying to create a very vernacular type of project that will respect the dune formation, (as well as) landscaping and shoreline that’s in the immediate area,’’ he said. “So, we’ve pulled back a lot of the lots form actually being right out to the water to back further into the development.’’
Banks believes they’ll have one of the more unique properties when all is said and done – it’s surrounded by the National Park. Clients can do their own cooking and then head out to do some kayaking, cycling, golfing or deep sea fishing.
And, the community is on board with the plans.
“We got quite a bit of support from the community council. They wrote a letter of support even before I got my permit approved.’’
In fact, he expects the resort to become part of the community.
“It will lend itself toward partnering with the local community very much like (chef) Michael Smith has done in Bay Fortune, in terms of making sure that all people who come to the site will know who the fishermen are in the neighbourhood, who the farmers are . . . everything will be around that.’’
This is a rendering of what part of the new $30-million resort will look like in Tracadie Harbour when it’s finished. Developer Tim Banks says work will begin this fall.