An artist’s impression of the RiverWalk development in Region 3
The RiverWalk development project, which is expected to see an investment of US$75 million, is anticipated to be a spectacular and innovative development for Guyana.
RiverWalk will comprise a deluxe boutique hotel and spa, luxury condo residences, trendy shoppes, upscale restaurants and bars, and live concert stage. Additionally, it will constitute the project’s Boardwalk and Amusement Park, all of which will overlook the Demerara River.
Overseas-based Guyanese, Lester Lall on Thursday shared that the project, when fully completed, will bring a world class destination to Region Three. It will also revitalise this historical part of Guyana and offer employment to hundreds of Guyanese during both the construction and post-construction phases.
Lall is an entrepreneur and concept visionary, of Guyanese descent and a resident of Florida. According to Lall, he has over 30 years of experience developing, owning, and operating several segments of the hospitality and service industry.
Lall shared that, “Employees will benefit from above average remuneration packages and other benefits similar to those of US counterpart employees,” adding that there will be a concerted effort to train and develop Guyanese in hospitality-related skills as well as to make use of local resources as much as possible.
Additionally, he stated that negotiations are being finalised for the acquisition of privately-owned lands on the West Bank shores of the Demerara River and that there will be a collaboration with the local construction and supply companies in the development of such a diverse project.
In 2021, the sod was turned for the construction of a state-of-the-art $1 billion shopping complex slated to be the “apple” of the West Demerara region, which is already pegged for massive transformation in the coming years. That project is being developed by Hemraj Albert and his family. It is expected to generate approximately 325 direct and indirect jobs when fully operational.
