Business View Caribbean - Feb 2024

to a year and a half to complete,” he says. Building “one and a half homes at a time” in Cabrita Point’s confined yet opulent enclave ensures that each property receives the attention to detail it deserves, distinguishing JPK Developments’ approach from that of mass housing projects. The price point of these villas, ranging from $3.5 to $6 million, demonstrates the high-end market segment JPK Developments is targeting. This pricing reflects the luxury of the properties, the exclusivity of the location, and the unparalleled quality of construction. BROADENING SERVICES AND SUSTAINABLE VENTURES JPK Developments is not just evolving in terms of the projects it undertakes. It also offers services, marking a significant directional shift towards becoming a more integrated real estate and construction firm. This expansion includes establishing a full-service brokerage led by Jeff Fetterhoff and a foray into sustainable energy projects. Knoepfel enthusiastically discusses the new brokerage arm, noting, “Jeff Fetterhoff is steering this part of our business, focusing on the sales of our projects and managing some rental properties as well.” This addition allows JPK Developments to offer a more rounded service to clients, covering the property development lifecycle from conception to sale.While they dabble in owner financing, Knoepfel clarifies, “We’re not a bank, and we tend to avoid owner financing, though we offer it selectively to facilitate ownership for those who dream of owning one of our homes.” On JPK Developments’ venture into renewable energy, he highlights a successful collaboration with BMR Energy.“This project was a triumph, culminating in a four-megawatt solar facility that now generates a significant portion of the Virgin Islands’ power needs,” Knoepfel proudly states.This move diversifies JPK Developments’ portfolio and aligns with global environmental sustainability trends, positioning 43 BUSINESS VIEW CARIBBEAN VOLUME 11, ISSUE 02 JPK DEVELOPMENTS