West Caicos represents the beginning of a long-term relationshipbetween Broomfield, CO-based Quintess and Miami-based Gencom Group,which has developed other Ritz-Carlton resorts. Quintess has onlyone other similar enclave, in Los Cabos, Mexico.

Quintess plans to build five multi-million-dollar residences onWest Caicos in the year following Molasses Reef's planned openingin early 2009, with an option for five more, says Ben Addoms, thecompany's founder and EVP. He says Quintess and Gencom Group haveworked together since the design phase to keep from imposing on theproject as a whole.

"Their reputation as an owner of five-and six-star resorts hasbeen exceptional," Addoms tells GlobeSt.com. "In our business, youdon't get involved without knowing that the people you're workingwith are going to be able to carry something that significantthrough to completion."