Developer Peter de Savary is deep into his Port Louis project, Grenada's newest and largest-to-date tourism project.

Port Louis, described as a mixed-use maritime community, had its ground-breaking last month.

"Grenada now is poised to become one of the top tourism destinations in the Caribbean," said Brenda Hood, the island's minister of tourism.

Components of the $555 million development (the investment is twice the annual budget of Grenada) will include a 350-slip marina for megayachts; 280 homes and villas; a spa; a 120-room, five-star hotel; a 120-room, midprice hotel; and a beach area with water sports and recreational activities.

"Grenada needs and will have new investment which must be based on quality, not quantity," de Savary said. "Care must be taken to protect the culture of Grenada and not overload the infrastructure of the country or spoil its charm, beauty and friendliness of its people."

To contact reporter Gay Nagle Myers, send e-mail to [email protected].

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