Construction on the first phase is set to begin soon. Credit: Lii/commons.wikimedia.org.

Republic Bank Limited (RBEC) has broken ground on the Rodney Bay City Centre development at Pope’s Hill, Gros Islet, in Saint Lucia, a country in the Caribbean. 

A sod-turning ceremony was held and saw Saint Lucia Prime Minister Phillip J Pierre, alongside developers, in attendance. 

The project is intended to stimulate economic and community growth and create jobs, as well as entrepreneurship opportunities. 

The 14-acre development will include five multistorey buildings with commercial, retail, residential, and recreational spaces. 

The multimillion-dollar project will unfold in two phases. 

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The first phase will feature the RBEC Regional Headquarters and a new Rodney Bay Branch to serve the bank’s customers in Saint Lucia and the broader Eastern Caribbean region. 

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Meanwhile, the second phase will see the construction of a commercial centre, with a waterfront boardwalk, bars, retail stores, a gym, office spaces, restaurants, and condominiums.  

The project is being financed by RBEC and developed by Blue Investment, a subsidiary of Domhad Properties. 

RBEC board of directors chair and Republic Financial Holdings vice-president Karen Yip Chuck said: “We are happy that our bank was able to finance this project and help this vision come to reality.  

“Republic Bank continues to be heavily invested in the business community and will remain ready to engage with all stakeholders who share our vision as we continue to make a positive difference in the lives and communities in which we serve.”  

Construction on the first phase is scheduled to commence shortly, with completion expected in December 2025.