Developers are eager to begin building at the Jack’s Bay development in Rock Sound, Eleuthera, the property’s developer Sir Franklyn Wilson told Guardian Business yesterday, but negotiations with the government to complete the heads of agreement are still ongoing. Meanwhile, one of those developers has apprised its shareholders that it is ready to build its first house, which it said could happen by next month.
EnerDynamic Hybrid Technologies, in a shareholder update on Yahoo Finance, explained that the designs for its houses are now complete and it is preparing for production.
The company added that its move to the Eleuthera property has been delayed by government red tape, which Wilson contends is moving along “very well”.
“We have been delayed due to issues with the registration of title to the lot and the developer getting a first mortgage on the property,” EnerDynamic said in its shareholder statement.
“This we are told is not a unusual for The Bahamas. We are told this should soon be completed, and we will be able to proceed in August.”
Wilson said he believes the principals of EnerDynamic have had conversations directly with Deputy Prime Minister Peter Turnquest about their eagerness to begin developing at Jack’s Bay.
He added that his group is elated that there is such interest in the “world-class” Eleuthera project.
“We are pleased that there are investors anxious to start building at Jack’s Bay,” Wilson said.
Jack’s Bay’s principals have placed it in the company of developments like Lyford Cay, Albany, Ocean Club Estates and Baker’s Bay Golf and Ocean Club.
Jack’s Bay is expected to have three subdivisions of residential lots and a five-star, 52-room lodge.
According to a description about EnerDynamic on Yahoo Finance, the company “delivers proprietary, turn-key energy solutions which are intelligent, bankable and sustainable”.
Education: Florida International University, BS in Journalism
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