The Tribune

The $200 million Palm Cay development says it is quietly stimulating the economy by investing millions of dollars in construction-related activities, plus partnering with local professionals, banks and vendors.

Key companies involved with the development include three architectural firms - TDG Architects (Marcus Laing), PlanIt Bahamas (Andrew Sterling) and Winston Jones & Associates. Other service providers include three law firms, including Callenders & Co, Alexiou, Knowles & Co and King & Co, plus quantity surveyors Construction Cost Engineering, and builders Northwest Builders and Burrows Developers D&L.

The eastern New Providence project has also created opportunities for water sports providers; food and other entertainment suppliers, including catering by Chives restaurant; Wolf Kayaking, Pappa Surf Paddle Boarding; professional associations such as the Marina Operators of the Bahamas; marina-related vendors including Mosko’s; several banks including Bank of the Bahamas, CIBC First Caribbean and Royal Bank of Canada, plus advertising, marketing and public relations agencies and Fidelity National Title.

“At Palm Cay, our goal is not just to build a development but to create and sustain a sense of community,” says Zachary ‘Zack’ Bonczek, Palm Cay’s director of sales and marketing.

“This includes the creation of strategic partnerships and relationships that allow us to add to the experience of our residents, while impacting the economy in a positive way.

“We are absolutely committed to engaging local companies, particularly with those who appreciate and share our vision of transforming the real estate market on the eastern end of the island with the development of an active, secure and amenities-rich lifestyle experience at a really attractive price point.”

Mr Bonczek said benefits to the local economy also helped Palm Cay.

“A thriving local economy bodes well for a real estate development such as ours, so it is in our best interest to continue to do our part in promoting economic activity in the community through these partnerships,” he added.

“Throughout the five-year construction and operations, local professionals and organisations have been - and are being - engaged. Those include architects, contractors, architects, engineers, planners, consultants and banks, as well as those related to property management, repairs, activities and entertainment.

“Every time we engage a firm we go the extra step - ensuring that they understand the Palm Cay experience. Selecting vendors cannot just be about who comes in with the lowest price. It’s about who gets what Palm Cay is all about, and how it is different from anywhere else in the Bahamas.”

The 69-acre Palm Cay development features New Providence’s largest midsized boat marina, 1,200 feet of beach, a clubhouse, pools, residences and ocean view townhomes.

In the near future, construction will begin for the first phase of 50 single and two-storey condominiums, a fitness centre, tennis courts and completion of a restaurant.

Recent activities have included a boat show, family fishing contest and Family Fun Saturdays, all part of Palm Cay’s commitment to foster a family-oriented experience in a secure environment.