NASSAU — The $120 million condo-hotel and residences development directly across from the Office of the Prime Minister on West Bay Street is finally scheduled to break ground next Wednesday, the Nassau Guardian said on May 18 in an article written by Chester Robards.
The project, which in its initial stages seemed to have many stops and starts under the former administration, has finally reached the stage where it can begin.
The development is being spearheaded by Wynn Development Ltd. and will be called GoldWynn. Next week Paul Wynn, CEO of Canadian real estate development company Wynn Group, is expected to reveal his company’s plans for the high-end, boutique property.
Last year Wynn spoke to Guardian Business and said the project could employ an estimated 350 construction workers and about 100 hospitality workers, once completed.
Speaking to Guardian Business last year, Wynn – whose company is also the prospective buyer of the Grand Lucayan hotel complex on Grand Bahama – said the development’s strong points would be accessibility and affordability.
“I don’t want it to be reserved for just tourists. I want people from Cable Beach and other parts of The Bahamas to come here,” said Wynn.
This paper understands that the hotel is expected to feature 90 rooms – 25 will be condo-hotel units — and an additional 64 residences. Other features include a restaurant, a recreational facility open to the public and a bar.
