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BAHAMAS DEVELOPMENTS

Many Developments Have Halted or Slowed Down Due to Economy

The status of most the following developments is, for the most part, on hold. For example, French Leave, Cotton Bay, and the Mayaguana Project have stopped completely. Most of the following Bahamas developments have been approved, but the world economy in 2009 has had a marked effect on development in the Bahamas. A few, however, such as Royal Island and Atlantis have continue to build. We hope to update this page in the near future to show the current state of project development in the Bahamas.

(click on the name of the development to go to their excellent websites)

BIMINI BAY RESORT AND CASINO

Developer: RAV Bahamas, a subsidiary olf Miami-based Capo Group
Acres: 700
Features: 2,100 Housing Units, a 250 Room hotel managed by Conrad Hilton, a 20,000 square foot casino, small convention center, and 18 hole golf course
Status: The first phase is already open, and the entire project is expected to be completed by 2008, or 2009
Website: www.biminibayresort.com

GINN SUR MER

Location: West End, Grand Bahama
Developer:The Ginn Co.
Acres: 700
Projected Investment $4.9 billion
Features: 4,000 condominium and hotel units, 1,800 single family homes sites, two golf courses, marinas, a casino and airplane runway with customs and immigration
Status: CLOSED:
Website: nONE

OLD BAHAMA BAY

Location: West End, Grand Bahama island
Developer: West End Developers
Acres: 150
Projected Investment
Features: Boutique 49 suite hotel now open; Homesites, lots, 75 slip Marina, Customs House, luxury hotels in historic village of West End
Status:
Website: www.oldbahamabay.com

ABACO CLUB AT WINDING BAY

Location: Cherokee, Abacos
Developer: Peter de Savary
Acres: 528
Projected Investment:
Features: Cottages, Villas, golf course, spa, pools
Status: Now Open
Website: The Abaco Club at Winding Bay

BAKERS BAY GOLF AND OCEAN CLUB

www.discoverylandco.com/project_bakersbay.html

Other relevant websites:

CHUB CAY MARINA AND RESORT

Location: Chub Cay
Developer: Chub Cay Club Associates, partly owned by Kaye Pearson, Bob Moss and Walt McCrory, all of Ft. Lauderdale
Acres: 870
Projected Investment: $300 million
Features: 5,000 foot runway with customs and immigration, 219 slip marina, restaurants, dive shop and five bedroom villas
Status: The marina opened in June with about half of trhe palnned slipes. Byuild-out is 18 months away
Website: www.chubcay.com/

ATLANTIS

Location: Paradise Island
Developer: Kerzner International of Paradise Island
Acres: 171
Projected Investment: $1 billion
Features: 2,317 room resort, 7 acre lagoon within a 78 acre "waterscape", a large casino and 63 slip marina
Status: First Two Phases opened in 1994 and 1998. More additions are planed for next year (2007), including 600 hotel rooms, 495 condo units, a dolphin interaction and education center, 30,000 square-foot Mandara spa, and a restaurant by celebrity chef Bobby Flay
Website: www.theresidencesatatlantis.com

RITZ-CARLTON ROSE ISLAND

Location: Rose Island, off Nassau
Developer: Ritz-Carlton Hotel Co. of Chevy Chase, Md.
Acres: 230
Projected Investment $900 million
Features: Hotel, 300 slip marina, condominiums, townhouses, and estate homes
Status: Developmers received government approval in 2005. Opening is set for 2009
Website: www.ritzcarlton.com/resorts/rose_island

BAHA MAR

Location: Cable Beach, New Providence
Developer: Baha Mar Resorts, a joint venture between Harrah's Entertainment and Starwood Hotels and Resorts Worldwide
Acres: 1,000
Projected Investment $1 billion
Features: 1,000 room Caesars Resort, Westin and Sheraton hotels, 95,000 square-foot casino, Jack Nicklaus golf course, eco-water park attraction and cherf-branded restaurants
Status: Developers received government approval in 2005. Construction is expected to begin in 2007
Website: www.bahamar.com

ROYAL ISLAND ELEUTHERA

Roger Staubach, former Hall-of-Fame quarterback for the Dallas Cowoys, along with Jack Nicklaus, and Cypress Equities, developer of the planned Royal Island in the Bahamas, has announced that the high-end private resort will be the site of the first Jack Nicklaus Golf Club.

Royal Island is a 430-acre uninhabited island approximately 190 miles east of Miami near Harbor Island and Eleuthera Island. Cypress Equities, the development affiliate of The Staubach Company, a global real estate advisory firm founded in 1977 by NFL Hall-of-Fame quarterback Roger Staubach, announced in May its purchase of Royal Island. It plans to develop an ultra-luxury resort and private club residential community. In addition to private residences and homesites, and the golf club, a 200-slip marina and a boutique hotel and spa will be built. There will be 3 beach clubs on the property.

Websites: Royal Island Website
www.cypressequities.com
Magazine article

The ruins of the W.P. Stewart house at Royal Island, which date back to the 1930's, have been cleared and landscaped, in preparation for the infrastructure of the development.

CURRENT CLUB

Current Club Villas, Restaurant and Marina
Location: Current Cut, North Eleuthera
Developer: Island Development Group, of Palm Beach, Florida; Founder & President Michael Lopez and Ali Kas. Development Team composed of Mark Klosky, David Ingle, Steven Jones, and Mr. Marc Mirbod; also currently developing a 125 acre project in Palm Coast , Florida
Acres: 6
Projected Investment: $12 million
Features: An upscale resort/residential community complete with 34 condominium hotel units and villas, marina, restaurant and upgrading of the existing dock. The villas will consist of two and three bedroom units furnished on the inside with tropical hardwood trim, marble, stone and a mahogany finish. Bahamian artwork will highlight the d?or of the room. Amenities will include swimming pools, fitness room, business centre and a game room.
Status: Ground has been broken,but construction has stopped
Website: www.eleuthera.com/currentclub.html

SKY BEACH CLUB

Location: Governors Harbour, Eleuthera
Developer: Partnership of Pinnacle Development Partners, LLC and David Sklar of KRA, Inc. Pinnacle Development Partners
Acres: 22
Projected Investment
Features: 35 Resort Homes designed by David Sklar, clubhouse pool, beach
One-story, split level and two-story homes that are available all come with 25 hours of private jet service through Flight Options, LLC. These homes have a beautiful view of the Atlantic Ocean and cascade down so every home has a view. These homes are 3,060-3400 square feet and are priced from $2.7- $3.7 million. All of the homes come fully furnished and all appliances are brand name (Viking/Hansgrohe).
Sky Beach even offers a grocery service, so when you arrive to your home you can immediately start relaxing. You will be able to go online and order the items you need and upon your arrival they will be there waiting for you. The entire property will be wireless internet and each home will come with a computer. There will be a restaurant in the main club, where we have just signed on the head chef of Atlantis? NOBU to be our Food and Beverage manager for the entire property, and a Tiki bar & grill on the beach.
Status: Final approval Received
Website: www.skybeachclub.com

FRENCH LEAVE AND SAVANNAH HILL

Location: Governors Harbour, Eleuthera
Developer: EIC Resorts of State College, Pa.
Acres: 356
Projected Investment $120 million
Features: Park Yatt boutique hotel, two marinas, condominiums, and oceanfront lots selling up to $3.5 million
Status: Developers received government approval in 2004; construction has been delayed (see this story for explanation)
Website: www.frenchleaveresort.com

COTTON BAY

Location: Rock Sound, Eleuthera
Developer: Eleuthera Properties, Ltd.
Acres: 1,500
Projected Investment: $300 million
Features: 114 Home lots, two and three bedroom villas, 32 slip marina and 73 room Starwood Luxury Collections hotle
Status: Approved by the government in 2004, the hotel will open in 2007
Website: www.cottonbayeleuthera.com

POWELL POINT AT CAPE ELEUTHERA

FLAMINGO POINT

Location: Arthurs Town, Cat Island
Developer: Barry Beschel
Acres: unknown
Projected Investment: unknown
Features: Oceanfront Lots
Status: 80% sold
Website: www.catislandlandproperty.com

CRYSTAL MOUNT LIMITED RESORT

Location: South Cat Island
Developer: Crystal Mount Limited, and a memberof the Royal Family of Qatar
Acres: 500
Projected Investment: $26 million
Features: Plans include a "Monte Carlo-styled casino," 250-room hotel, 75 villas and at least 100 estate lots; low density" and "eco-friendly,.
Status: Government Approved in January 2006
Website: www.jonesbahamas.com/?c=45&a=7028

EMERALD BAY RESORT

Location: Great Exuma
Developer: EBR Holding Ltd. of Great Exuma
Acres: 470
Projected Investment: $150
Features: 183 room Four Seasons hotel, crescent-shaped beach, golf course designed by Greg NOrman, and 150 slip marina able to handle boats up to 200 feet long
Status: CLOSED; Opening was 2003, with more condos and single family homes planned
Website: None

FEBRUARY POINT

RUM CAY RESORT MARINA

Location: Rum Cay
Developer: Montana Holdings of Nassau
Acres: 900
Projected Investment: $700 million
Features: New Airport Terminal, and hangar, 80 slip marina, hotel and marina village
Status: Approved by the government in 2004, the marina and marina vilage are scheduled to open next year (2007); build-out is scheduled for 2011
Website: www.rumcay.com

MAYAGUANA DEVELOPMENT

Location: Mayaguana
Developer: Bahamian Government and "I Group" of Boston
Acres: 10,000
Projected Investment: $1.8 billion
Features: Plans include expansion of the former U.S. Air Force base at Abraham's Bay to include "the world's longest runway" and a trust fund put aside by the developer to finance infrastructure and public services in the Bahamian-occupied portions of the island
Status: CLOSED; Final Plans not approved
Website: None

BONDS CAY

Location: Bonds Cay, Berry Islands
Developer: Antonio de La Rua, Shakira, Roger Waters, Alejandro Sanz, Arturo Rubinstein
Acres: 700
Projected Investment
LOTS#$$$ Features: Boutique Hotel, Luxury Condominiums, Artists Retreat
Status: Mid-2007; first phase of offerings 2010
Website:Forbes Magazine Article