Dekor Homes Limited broke ground on a new, $14 million gated community promising to blend luxury with affordability yesterday. Homes in the development are already on the market for a starting price of $195,000.
Villa Nova, located through Ferguson Road, commonly Known as Perpall Tract, is geared towards young professional Bahamians looking for luxurious gated homes at an affordable price, the development’s Chief Executive Officer Siddeeqah Beneby-Hart said yesterday, as she brought remarks at the groundbreaking ceremony.
“Villa Nova was born out of the idea that the residents and the international market would be appreciative of this type of living, if it were at a more attainable price point,” said Beneby-Hart.
“So we took some of the ingredients of a lot of the other successful developments Mr. Randy Hart (Villa Nova president) has worked on personally and we tried to fit that to the local, residential market as best we could. So, after months and months of looking at different locations, we wanted to find something that we thought was in an up-and-coming neighborhood, something that was in the west that was a nice neighborhood, something that was close in proximity to the beach and that was accessible.
“We have seen so many people interested in the Airbnb market and even the rentals in the New Providence market. We think that it’s the beginning of the transformation to affordable luxury. It marries value with actual luxury.”
Hart said the project will consist of 50 residential condos with contemporary designs, adding that part of Villa Nova’s selling point is its proximity between Cable Beach and the downtown area.
“This development represents an investment in the local community of about $14 million, in what we see as an up-and-coming new neighborhood in The Bahamas,” said Hart.
Mark Humes, member of Parliament for Fort Charlotte, where the development is located, said he hopes the development will be the start of even more development in the area.
“Coming in as the member of Parliament, one of the goals I had was to see how we can transform the area and make it better for the residents that are currently here,” Humes said.
“And so it’s a pleasure to have Villa Nova. Hopefully this will be the impetus to have these redevelopment projects going again in Fort Charlotte.”