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The Preserve at Botany Bay, a Multi-use Resort on the Western Tip of
St. Thomas, Virgin Islands, Receives Government Approval


CARBONDALE, Colo., July 26, 2006 - The Coastal Zone Management Division of the U.S. Virgin Islands Department of Planning and Natural Resources last night approved the development of The Preserve at Botany Bay. The tranquil 367-acre resort enclave encompasses the entire secluded western tip of St. Thomas and has not been open to the public for the past 80 years. Timbers Company, in joint venture with SV Capital of Denver, will develop The Preserve at Botany Bay, as its newest multi-use resort and first in the Caribbean.

Previously owned by The Corning Family as their private estate, The Preserve at Botany Bay is now available to owners seeking a relaxed and intimate home or retreat. The property’s ideal location provides easy access to three half-moon secluded coves and beaches, a pristine coral reef and nature conservancy. Private estate lots are available offering postcard-perfect panoramic views that gently slope down to two secluded beach coves where the Caribbean Sea meets the Atlantic Ocean. Hilltop villas; Hillside lots; a residence club; and a five-star boutique hotel complete with a beach club, waterfront spa, fine and casual dining will also be available.

“We are honored to be given this unprecedented opportunity to develop a luxury resort in Botany Bay’s truly pristine location,” says David Burden, Timbers Company founder. “At the same time, we will work to respect and preserve the property’s natural environment and beauty for many years to come.”

The Preserve at Botany Bay offers guests numerous real estate options such as whole ownership, fractional ownership or a boutique hotel experience that include:

Estate Lots
Owners can build their dream homes on one of the 52 estate lots that are currently available ranging from $975,000 to $4 million and range in size from two to 14 acres of lush tropical foliage with unobstructed views of the Atlantic Ocean and Caribbean Sea. To complement Estate Lot ownership, owners will also enjoy all the services and amenities of the proposed five-star boutique resort.

Hilltop Villas
Located on a knoll with expansive views of the Caribbean Sea and the Atlantic Ocean, the Hilltop Villas will be comprised of 20 elegant duplexes, housing a mixture of 40 two-story, three-and-four-bedroom homes, each with a private splash pool and patio. The anticipated release date of these villas is the fall of 2006.

Hillside Lots
Situated on one to two acres, 25 hillside lots are at the pinnacle of the property and boast dramatic, 360-degree views of the entire preserve. Release is scheduled to begin in the summer of 2007.

Private Residence Club
The planned Residences at Botany Bay will feature four-bedroom residences with approximately 3600 square feet of luxurious living space. Each of the spacious and exquisitely furnished villas will overlook sparkling turquoise waters and a dazzling white sand beach. In addition, each residence will have its own private splash pool. The Residences at Botany Bay are being designed and are subject to approval.

Boutique Hotel
At the heart of Botany Bay will be the planned intimate and secluded boutique hotel composed of nine graceful buildings and featuring 48 spacious one-bedroom suites and 18 two-bedroom suites created to reflect the relaxed Caribbean lifestyle. All the suites will be nestled into the hillside with dramatic views of the ocean and easy access to all amenities and beaches. The hotel will feature fine and casual restaurants that open to terraces, boutique spa, and exceptional levels of personalized service.

Five Star Amenities
All guests at The Preserve at Botany Bay will enjoy a wealth of luxury services and amenities. The Beach Club will be a natural place for guests to gather and relax around the service-oriented infinity-edge pool tucked against the water’s edge of Botany Bay or the neighboring lap pool. The waterfront spa will offer a wide variety of pampering, restorative and wellness treatments and fitness conditioning. An oceanfront fitness center with state-of-the-art equipment and a Pilates and Yoga room will also be available to guests and owners, as well as a concierge to attend to reservations for charters, dining and unique island experiences. Dining options will include a fine dining restaurant situated on an elevated point between the Botany Bay and Sandy Bay coves, providing one of the resort’s most memorable sights. The unmatched dining experience on the open patio will showcase the property’s most dramatic and spectacular view. The property will also offer a casual restaurant at The Beach Club. 

About Timbers Company

Founded by developer David Burden, Timbers Company has surpassed its competitors by offering a unique combination of equity ownership, vacation-home lifestyle and high-end resort amenities at each of their Timbers Collection properties. Designed for vacationers who want the best in luxury leisure, these properties provide personalized surroundings and services tailored to each resident’s tastes and preferences. Timbers Collection properties include The Timbers Club at Snowmass in Aspen, Colorado; Esperanza Resort in Cabo San Lucas, Mexico; The Rocks Luxury Residence Club, in prestigious North Scottsdale, Arizona; Castello di Casole in Tuscany, Italy; and the newest, The Preserve at Botany Bay in St. Thomas, USVI.

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Contact:

Timbers Company
http://www.timberscompany.com
 

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