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In two years’ time, the borough of Chaguanas will be twice as busy than it is today, if the projects planned for land north of the central township are anything to go by. Officials of the Chaguanas Borough Corporation and business people have confirmed there are plans to develop commercial activity, including a branch of a well-known supermarket, a bank and shops, on the property north of Price Plaza in Chaguanas.
Price Plaza, which opened more than three years ago, includes PriceSmart, Scotiabank, Payless Shoe Source, TGI Friday’s, Francis, Micles, Toymart Inc, Nigel R Khan, a food court, Pizza Hut, Ruby Tuesday, Kristina’s, etc. Opposite to Price Plaza is the MovieTowne Complex.
There was commercial activity in the area before Price Plaza set up shop. South of Price Plaza are the AMCO complex and the Guardian Media Ltd building, which are both part of the ANSA McAL Group. And next to the Guardian building Bhagwansingh’s hardware.
The land has been cleared for several weeks now, but one Chaguanas businessman, who did not want to be identified, said negotiations for the sale of the 20-acre parcel of land, which is owned by the de Verteuil estates, are still ongoing. The businessman said a real estate agent has been calling other business people asking them if they are interested in purchasing lots, which are going at $300 per square foot, or $12 million an acre.