In regards to our 19.5-acre (79,200m2) site, thus far the ocean side site has been cleared, which included relocating all palm trees of certain sizes. These were relocated to a parcel directly across from the ocean side site that will eventually be the location for our "back of house" facilities - electric generators, water treatment plant, sewage treatment plant, offices, etc.

Next, we completed the majority of our site stabilization through a process known as dynamic compaction. During the dynamic compaction we commenced filling operations for the purpose of elevating the site an average of 1.5 meters to further enhance each building’s ocean view.

Before actual construction can commence final Construction Drawings need to be completed reflecting the changes to the residential buildings described earlier and one permit is required, which we expect to have within the next 60 days.