The Tribune

Palm Cay says phase one of its $100m One Marina condominium project is 70 percent sold less than three months after it broke ground on its “most ambitious project to date”.

Rob Batchelor, Palm Cay’s chief executive, revealing that just three units remain unsold, said: “The response to the offering has been phenomenal. With an expected completion date of February of next year, we are 70 percent sold out with only one two-bedroom unit and two, three-bedroom residences, remaining. 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.”

Most interest in One Marina, Mr Batchelor said, is from Europe, Canada and the US. Another of Palm Cay’s offerings, The Anchorage, has maintained its appeal to Bahamians with half of the latest phase sold and construction running ahead of schedule. Phase 4 is slated for completion by the end of 2019.

Of the units remaining in the One Marina complex, the 1,700 square foot two-bedroom is offered at $800,000. The 3-bedroom, 3.5-bath, 3,700 square foot residence is available for $1.6m, while the two-storey penthouse with a view of beach, ocean and docks is priced at $1.8m.

Located on New Providence’s south-eastern shore, Palm Cay is a nearly 70-acre development featuring single-family residences, condominiums, town homes, vacation rentals, clubhouse, pools, restaurants, beachfront bar and grille, 1,200 feet of white sand beach, and fitness centre.

Its 194-slip marina has been voted the best in The Bahamas by Active Captain, the TripAdvisor-like review site for mariners, for five consecutive years. And 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.

Designed by local architect Winston Jones, One Marina and The Anchorage have generated jobs, and delivered numerous contracts for local suppliers and businesses.