Bookmark Jamaica-Gleaner.com
Go-Jamaica Gleaner Classifieds Discover Jamaica Youth Link Jamaica
Business Directory Go Shopping inns of jamaica Local Communities

Home
Lead Stories
News
Business
Sport
Commentary
Letters
Entertainment
Social
International
More News
The Star
Financial Gleaner
Overseas News
The Voice
Communities
Hospitality Jamaica
Google
Web
Jamaica- gleaner.com

Archives
1998 - Now (HTML)
1834 - Now (PDF)
Services
Find a Jamaican
Careers
Library
Power 106FM
Weather
Subscriptions
News by E-mail
Newsletter
Print Subscriptions
Interactive
Chat
Dating & Love
Free Email
Guestbook
ScreenSavers
Submit a Letter
WebCam
Weekly Poll
About Us
Advertising
Gleaner Company
Contact Us
Other News
Stabroek News



Forester counters ProConcept claim on Cave Village lands - But still willing to sell to Americans
published: Friday | July 18, 2008

Westmoreland landowner Norman Forester said Tuesday that while he remains willing to sell his property, he is yet to finalise a deal, countering claims by an American company that it had acquired more than 500 acres of Cave Village for a mixed use development.

ProConcept Marketing Group, based in Buford Georgia, in three releases issued through Business Wire, announced that it was selling five-acre lots of Cave Village, placing a combined value of US$27.7 million (J$1.9 billion) on the 534 acres it said it acquired on a property of 1,078 acres to be developed in six phases.

But Forester, whom ProConcept CEO Joel Stohlman advised the Financial Gleaner was his minority partner in the Cave Village Development, said he had initial discussions with an American but that they had not reached an agreement.

Forester became aware of ProConcept's claims only after it was reported.

Read about it

"I saw it in The Gleaner," said Forester, whose holdings include farmlands and real estate in the Whitehouse area of Westmoreland.

"Me and them come to no agreement," said Forester, adding that he remained the sole owner of the property.

The landowner said he has had discussions with a Mr Stone but that it was many months ago, apparently referring to the E. Jason Stone, who was named in the ProConcept releases as the company's director of Caribbean marketing.

Stone is quoted in a June 27 press release - the latest of three on Cave Village - saying ProConcept had "begun to design the first custom villas from the sale of lots in phase three" of Cave Village.

But said Forester: "One Mr Stone, a gentleman by the name of Mr Stone, was talking to me 'bout that many months ago, (but) I never see him again; him gone to America," he added.

Stohlman has not responded to requests for comment on what Forester said, though he had again claimed in correspondence Monday that the two were partners, while seeking to correct information on the reported price for the land.

Still interested

The farmer says the matter is in the hands of his lawyers, but he also told the Financial Gleaner he was still interested in cobbling a deal with the American company.

"If they have it in mind, I am here waiting to sell," he said.

"I am ready to sell if they are ready to buy."

ProConcept has claimed in its releases that at least 334 acres of the property was already under development, with another 200 acres to be subdivided this year.

But on Tuesday, Peter Carborne, who said in a previous interview that he was hired by the publicly traded Buford company under a US$1.5 million contract to run the Cave Village project, told the Financial Gleaner that the property was undisturbed, corroborating information from other sources.

Carborne said that his work in the area now entails the opening up of old parish council or parochial roads which also run through the property.

He is also constructing homes on plots of the land that were already subdivided and sold some years prior to ProConcept's interest in the property.

sabrina.gordon@gleanerjm.com

More Business



Print this Page

Letters to the Editor

Most Popular Stories






© Copyright 1997-2008 Gleaner Company Ltd.
Contact Us | Privacy Policy | Disclaimer | Letters to the Editor | Suggestions | Add our RSS feed
Home - Jamaica Gleaner