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Work on Bridge Investment staff house to start
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Posted on May 07 2008
Bridge Investment Group is expected to kick off construction of temporary staff housing for its Tinian Oceanview Resort and Condominiums project at week’s end.
The first set of containers carrying the materials for the temporary construction of the staff housing arrived on Tinian this past weekend, according to Bridge Investment vice president for CNMI operations Phillip Mendiola-Long.
In an e-mail to the Saipan Tribune, Mendiola-Long said that CNMI Customs and Quarantine cleared the containers on Monday and construction work is scheduled to start later this week.
Mendiola-Long added that the Tinian Oceanview Resort and Condominiums project’s first phase will be for the temporary construction of staff housing for the company’s workers.
“The housing will be relocated once we enter the fifth ‘finishing’ phase of the project so that landscaping and groundwork can be completed,” he said.
Mendiola-Long anticipates the temporary staff housing will only be used for about 12-16 months.
Bridge Investment plans to construct a 301-room hotel and casino resort on Tinian as well as 268 condominium rooms in the CNMI’s gambling capital. It will be built on 75,000 square meters of land that the company has leased for 55 years.
Mendiola-Long said that they are currently negotiating with the Bank of Guam to offer mortgages on the condominiums to foreign investors.
