The Havensight Shopping Mall, a premier tourist destination center in St. Thomas, is the gem of the Caribbean and has been one of the best investments for GERS. This property, located at Nos. 1, 2, 3 and 4 Estate Thomas & No. 6B New Quarter, St. Thomas, Virgin Islands, was purchased on June 30, 1993, for $32 million. It encompasses 8.918 acres (824,059 square feet or 76,557.6 square meters) of upland parcel.
The current appraised of this property is $66.6 million. The property has an occupancy rate of 98.77% with annual gross rents of $8 million annually.
We encourage the members of GERS to visit and patronize the businesses occupying this facility that is proudly owned by the Employees' Retirement System of the Government of the Virgin Islands.