Prospect Reef was built on 12 acres in the 1970’s. At the time Prospect Reef was the most sought-after resort in the Caribbean Region.

The Government of the BVIs took over the property in 2005, and signed the Development Agreement to have ICA BVI Group Corp redevelop the site.

The Approved Master Plan calls for: 2 Hotels, the only Conference Center on the Island, full service restaurant(s), night life, Cultural Downtown Center, Marina, and commercial/retail space.