There are two lots with homes built and occupied and five lots under construction at The Cape On Bowen. The developers of the 350 acres formerly known as Cape Roger Curtis say that the decision to sell the remaining lots comes now because they want to focus on other business priorities.
“Our heart and soul is in the industry of providing living accommodations for seniors,” says Don Ho, president of the Cape on Bowen Community and Element Lifestyle Retirement.
Candy Ho (Don’s daughter, who works alongside him) adds that after the family sold their first retirement business in 2005, the plan was for The Cape to be her father’s retirement project.
“The model for seniors living we developed as CPAC (Care) Holdings was one where older people could move in to a home while still healthy and active, but stay there and receive the necessary care as they aged,” says Ho. “Our model has been very successful, and in the past number of years, we’ve been consulting in Europe and Asia. Now, with our new company we want to expand and start providing this service overseas. This is the perfect opportunity for me to build my career. My father’s retirement is on hold, we want to go full throttle on this.”
The Ho’s add that they’ve accomplished what they wanted on the land.
“We’ve completed phase one and two far better than we expected to,” says Don. “The community, linked by the waterfront trail, is already taking shape and all of the lots that remain unsold are ready to be built on. Each has its own deep water well, driveway, electricity, and connection to fiber optic stations.”
He adds that what people may not know is that in developing the Cape on Bowen, many new trails have been added which connect to the Cross-Island Greenway and the Huszar Creek waterfall.
There is no set price for the Cape on Bowen, but Don Ho says the listing agent has created a full report on the property and its potential.
“The buyer will make an offer based on his or her projections and plans,” he says. “We want to leave it to someone else to complete the project as they see fit. They could either simply sell the lots, or maybe they have a longer term vision and this would change the price. In any case, this property is now being showcased to a global market.”
The Ho’s say that it is still their intention to build a family retreat on Lot 13 of the Cape on Bowen, but even that project is on hold for now.
