Saturday, Apr 4, 2020
HomeBusinessFirst phase of Palm Cay’s One Marina already 70 percent sold

First phase of Palm Cay’s One Marina already 70 percent sold

The first phase of Palm Cay’s One Marina development is already 70 percent sold after breaking ground less than three months ago, a press release on the development said.

Palm Cay CEO Rob Batchelor said in the release that the response has been “phenomenal” and that only one two-bedroom and two three-bedroom residences remain in the phase one development.

“Those are positive results by any standard and I think it speaks equally to the continuing desirability of The Bahamas and to the lifestyle offered at Palm Cay,” he said.

Batchelor said most of the interest in One Marina has come from Europe, Canada and the U.S. He added that another part of Palm Cay’s offerings called The Anchorage, has appealed to locals, as half of this latest phase has been sold and “construction is running ahead of schedule”.

Phase four at The Anchorage, where two-bedroom townhomes start at $460,000, is slated for completion by the end of 2019.

“Palm Cay is a nearly 70-acre, $100 million development inclusive of single-family residences, condominiums, townhomes, vacation rentals, a clubhouse, pools, restaurants, beachfront bar and grille; 1,200 feet of white sand beach and a fitness center,” the release states.

“Its 194-slip marina has been voted the best in The Bahamas by ActiveCaptain – the TripAdvisor-like review site for mariners – for five consecutive years. Its members club offers a full slate of activities for families, including movie nights and fishing tournaments. It is located close to schools, churches and shopping.”

“Of the units remaining in the upscale, contemporary style complex, the 1,700-square-foot, two-bedroom unit is offered at $800,000. The 3-bedroom, 3.5-bath, 3,700-square-foot residence is available for $1.6 million and the two-story penthouse with a view of the beach, ocean and docks is priced at $1.8 million. All have high ceilings, expansive, storm-rated glass; top-of-the-line finishes, porcelain tile and wood floors, generous patios and water views.”

 

Chester Robards

Senior Business Reporter at The Nassau Guardian
Chester Robards rejoined The Nassau Guardian in November 2017 as a senior business reporter. He has covered myriad topics and events for The Nassau Guardian.
Education: Florida International University, BS in Journalism
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