The Tribune

A $70 million Cable Beach-based condominium complex has 75 per cent of its units either sold or under contract, benefiting from its proximity to Baha Mar.

The developers behind ONE Cable Beach are now seeing active interest in their most expensive offering, a $4.75 million, 4,000-plus square foot penthouse with rooftop terrace and views of the Atlantic Ocean and New Providence.

"We are getting incredibly positive feedback, both on the development itself and on the Bahamas in general," said Matthew Marco, Aristo's sales and marketing director.

"I have been travelling around the world in the past year, and have noticed a real uptick in interest in the country, as more attention is being paid to jurisdictions that are viewed as stable, secure and appealing. The Bahamas ticks all those boxes, and there is no other new residential offering similar to this on prime beachfront with the amenities ONE Cable Beach offers."

The three-acre beachfront complex includes 74 residences, each with large private patio, to allow residents to experience what Mr Marco describes as "the true meaning of oceanfront living with balmy breezes and stunning views".

Jason Kinsale, Aristo's president, said the design's organic and curved exteriors were carefully conceived to set it apart from traditional high-rise structures.

"When we began this project, we wanted it to be so singular in style and feel that the minute someone said ONE Cable Beach, there would be instant recognition and admiring nods," said Mr Kinsale.

"When something touches your senses, you react in a special way. We wanted ONE to touch the market's senses. We tried hard to achieve that affect with great attention to style and finishes, and I think we have succeeded."

ONE Cable Beach has provided an average of 150-200 construction jobs since its December 2015 groundbreaking. It is expected to provide some 25 permanent positions, in addition to spurring ongoing economic activity when occupied.

Three-bedroom residences range in price from $725,000 to $4.75 million, with the typical two-bedroom residence selling for between $765,000 and $1.25 million. Owners will also be able to place their units into a property management programme to earn income when they are not in residence.

ONE Cable Beach will have a fitness centre, 24-hour guarded security and concierge service.