Business View Caribbean - Feb 2024

the company as a leader in the Virgin Islands’ shift towards greener energy solutions. In addition to these ventures, Knoepfel provides insight into recent projects involving hotel renovations, specifically at the Mafolie Hotel.“Under new ownership, the Mafolie Hotel is undergoing enhancements to restore its charm as a boutique establishment with stunning views of Charlotte Amalia Harbor,” he explains. These renovations, including the pool deck and other areas, are aimed at rejuvenating the property without expanding its footprint, showcasing JPK Developments’ versatility in handling construction and renovation projects across different sectors. REFLECTING ON THE MARKET AND LOOKING AHEAD As the conversation draws to a close, Knoepfel provides a thoughtful overview of the current state of the Virgin Islands’ commercial real estate market, juxtaposed against the backdrop of the previous year’s challenges. He also outlines JPK Developments’ aspirations for the upcoming year, painting a picture of a company deeply embedded in the local community and committed to its economic and structural health. “The commercial market here hasn’t seen any drastic changes, aside from the marked resurgence of key hotels,” Knoepfel observes, notably the re-opening of significant resorts like Frenchman’s Reef, now under the Westin banner. This resurgence portends progress for the Virgin Islands, a return to form, and a boost to the local economy. Knoepfel’s mention of their involvement in these pivotal projects, including work at smaller boutique hotels like Bolongo Bay Beach Resort, shows JPK Developments’ integral role in this revitalization effort. Addressing the challenges that have plagued the industry, including supply chain disruptions and labor shortages, Knoepfel notes, “These issues have largely resolved themselves.” This remark reflects a sector on the mend, with smoother operations and WestHemSupply.com Facebook.com\westhems • Lumber • Roofing • Flooring • Impact Windows • Impact Doors • Interior Doors • Hardwoods • Moulding • Cabinets • Countertops • Fasteners • Hardware • Plumbing • Electrical • More... Looking for a new building material supplier? THE CARIBBEAN BUILDER’S CHOICE 44 BUSINESS VIEW CARIBBEAN VOLUME 11, ISSUE 02