The project is currently raising money to fund the first stage of the development, which will involve developing an operational plan as well as approaching the local municipalities.
The development, which is nonprofit and puts all money made back into SFSA, is now running at a profit.
The city created a nonprofit corporation to oversee the development, which has a Michigan-based developer and contractors lined up for the 199-room hotel that Marriott International has agreed to manage.
The program at Devonshire is promoted by the developer, Matzel & Mumford, as providing "peace of mind" for buyers in the development, which has four- and five-bedroom homes priced from $694,900.
Developer Barratt has been working for more than a decade on the development, which is between Pontypool and Cwmbran, with consortium partners the assembly government and Taylor Wimpey.
The development, which cost £1.2m, will create 120 new jobs.
The development, which covers a peninsula accessible only by helicopter or boat, will have 88 houses.
The development, which opened 16 months ago, offers residents hotel-like services.
Eager buyers flocked to the development, which is called "British Town".
Construction is continuing at the development, which has planning permission for a total of 160 homes.
It was only during the 19th century that Troyes began the development which has continued since.
