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Receives Weekly Updates on every new home and condo listing in Thew Bahamas. All New Listings every week. |
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NEW PROVIDENCE / NASSAU |
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| Island Facts & General Information |
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For centuries New Providence Island has been the hub of the Bahamas, where "everyone" went, and "everything" happened. Small as it is, 21 miles (34 km) long by 7 miles (11 km) wide; it is the Bahamas' most populous island, being home to over 200,000 residents, over a third of the total Bahamian population. New Providence has the country's busiest airport, hundreds of homes owned by foreign investors, and two concentrations of resort development on Cable Beach and Paradise Island. |
The capital of The Bahamas, the historic city of Nassau is a 55-minute flight from Miami. Despite the development and the modern hotels, a laid-back tropical atmosphere still pervades the city, and it still offers a good dose of colonial charm. The commercial and banking hub of The Bahamas, as well as a mecca for shoppers, Nassau lies on the north side of New Providence. |
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New Providence / Nassau Real Estate News:
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| January 21,2008 |
$400m southwest port not 'cost effective' idea
RELOCATING Bay Street's commercial shipping facilities to the proposed southwestern New Providence port would cost $400 million. Moving them to Arawak Cay instead - if only in the short term - would be a more "cost effective and efficient" way to eliminate downtown Nassau's traffic congestion woes. |
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| January 10, 2008 |
Albany aims for extra $400m boost for construction
Developers hope to start work 'imminetly, with month's end target, eyeing Christmas 2009 for opening. The $1.3 billion Albany Golf & Beach Resort's developers said that if pre-sales went well, they would start construction of the project's Phase II this year as well. Providing a further $400 million boost for this nation's construction industry. |
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| January 10, 2008 |
Government 'backs off" Baha Mar Deal
THE Government pulled back from signing off on the final approvals for Baha Mar's $2.4 billion Cable Beach redevelopment at the last minute to amend some details of the agreement, which are understood to be related to land issues. The revised agreement is understood to have been rejected by Baha Mar, leaving the two sides at what is at least a temporary impasse. |
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| January 10, 2008 |
$10m Coral Harbour shopping centre Phase I breaks ground
Ground has been broken on the $10 million first phase of what will become a 120,000 square foot shopping centre at Coral Harbour. Vertical construction to start in February, with project to employ 30-40 workers and create at least 50 permanent jobs in first phase Phase II to start in 2009 and include food store Sales on 304-lot subdivision to start in early March. |
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| December 13 2007 |
Ritz-Carlton construction to begin within next three to four months
Vertical construction on the. $750 million Ritz-Carlton Rose Island resort is expected to begin within the next three to four months, Pushing the project's completion date to the 2010 first half rather than the 2009 deadline the developers had initially hoped for. |
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More New Providence / Nassau News... |
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