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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 Real Estate News |
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| February 4, 2008 |
Baha Mar 'on cusp' of $110m-plus work
Baha Mar is "on the cusp of execution" for the three main projects that will kick-start its $2.6 billion Cable Beach development, with infrastructure costs estimated to be between $95-$100 million, and total direct construction costs for the Commercial Village pegged at $1.5 million. |
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| February 1, 2008 |
Govt signs deal with Baha Mar for Cable Beach investment project
Government has signed a supplemental Heads of Agreement with Baha Mar, and its joint venture partner Harrah's, for the $2.6 billion investment project on Cable Beach. This comes some 33 months after the initial agreement was signed for the project during the Christie administration. |
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| January 30, 2008 |
Albany's fate in its own hands
The start date and construction schedule for the $1.4 billion Albany Golf & Beach Resort "is entirely in the hands" of the developers, who are working to "finalise one last document" with the Government at a meeting set for today. Dr Earl Deveaux, Minister Of Works and Ttransport, said Albany had obtained all the necessary approvals from his ministry for Phase I of their project, and did not need to "negotiate any further deal with the Government". |
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| January 21,2008 |
MSC offers to finance Arawak Cay port plan
Mediterranean Shipping Company (MSC), the world's second largest shipping firm, has offered to finance the construction of the proposed port at Arawak Cay, a development that has unsettled other Bahamas-based shippers. |
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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 15, 2008 |
Rose Island build out to cost $1bn
The Ritz-Carlton Rose Island resort will cost "near $1 billion" to construct over a 10-year period, the hotel chain's senior vice president for Florida and the Caribbean said, with the developers amending the resort design to move away from a seven-storey structure. |
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| January 10, 2008 |
`Bulk' of South Ocean land deals closed today
The developer behind the proposed $867 million redevelopment of the South Ocean Golf & Beach Resort said that he will today "have closed on the bulk of the land" acquisitions needed to make the project happen. |
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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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