US developer advances 1,000-unit Ogle community & 218-home Diamond project

See full statement below:

GEORGETOWN, Guyana — Two US-backed residential developments worth over $500,000,000 USD are moving

into vertical construction in Guyana’s capital, as investors bet on the country’s transformation into the world’s fastest growing economy.

Coastal Rim Properties, Inc. (CRP), a US developer with more than 50 years of history and a portfolio exceeding

6,000 residential units, is building TAJ Dream Ogle and TAJ Diamond, two master-planned communities near Georgetown that together represent the largest private residential investments in the oil-rich nation to date. The firm is partnered on the projects with NBA Hall of Famer Hakeem Olajuwon, and led by principals Nicola and Giovanni Mola.

Site works at the 1,000-unit TAJ Dream Ogle development are about 70% complete for road corridors, with surveyor layout and elevations roughly 85% finished, according to the company. Drainage trenches on the site’s northern and southern edges have been fully backfilled, and crews have begun installing a storm-drainage system using large diameter HDPE piping delivered to the site.

On-site infrastructure has also progressed: the project’s two-storey site office and conference facility is substantially complete, and the steel structure for its storage and logistics building has been erected.

At TAJ Diamond, a 218-home community in Georgetown on Guyana’s East Coast Demerara, first-floor steel columns and beams have been set on the first 15 houses. Slabs and foundations are being poured across the site, underground plumbing is being installed, and blockwork has begun on multiple units.

Both projects use US-manufactured, climate-treated structural steel designed to withstand Guyana’s coastal conditions, the company said, with daily safety briefings and engineering inspections underway on both sites.

TAJ Dream Ogle sits in the Ogle corridor, within five minutes of Ogle International Airport, Exxon Mobil Corp.’s Guyana headquarters, MovieTowne and Giftland Mall. At full build-out, the development is slated to include more than 1,000 condominium units, a walkable retail town square and a branded five-star hotel with a hospitality training institute. The first residential buildings and initial retail phase are targeted for completion in spring 2027, with later phases to follow.

“Every week on site tells the same story. Momentum,” said Nicola Mola, the developer behind the projects. “What began as a vision for a new standard of living in Guyana is now rising out of the ground. We built these communities to international standards because Guyanese families, and the diaspora who have invested their belief in this country, deserve nothing less.”

Guyana’s economy has expanded rapidly since ExxonMobil began pumping oil offshore in 2019, drawing a wave of foreign investment into construction, hospitality and residential real estate around Georgetown. CRP operates primarily across the western US and Hawaii, where it has developed more than 6,000 single family homes and apartments and over 1.5 million square feet of commercial space; TAJ Dream Ogle and TAJ Diamond mark the firm’s first ground-up communities in Guyana. For more information, visit www.tajguyana.com or contact Tel/Whatsapp +592-702-1000.