PROJECT SET TO CREATE OVER 500 JOBS WHEN DONE
NASSAU, Bahamas — Sebas Bastian’s Brickell Management Group is entering the resort industry with a 226-unit condo hotel as part of a $200m western New Providence development set to create over 500 full-time jobs at completion, The Tribune reported on Tuesday, February 14, in an article written by Business Editor Neil Hartnell.
The gaming entrepreneur’s Venetian Village project, which is also forecast to generate up to 400 construction jobs, will be built-out over a six-year period on a 68-acre site adjacent to the Old Fort Bay Town Centre’s western boundary as well as Venetian West.
Ansel Watson, Brickell Management Group’s president, told Tribune Business that the developer is aiming to break ground and start construction this year subject to receiving all the necessary government permits and approvals. With the public consultation on Venetian Village’s Environmental Impact Assessment (EIA) set for March 2, 2023, as part of the process for obtaining a Certificate of Environmental Clearance, he pledged it will have “a good impact” for the economy.
“The proposed development, Venetian Village, is situated in western New Providence in the vicinity of Old Fort Bay and encompasses approximately 68 acres. Venetian Village is a $200m capital expenditure for a mixed-use development featuring commercial, residential and recreational facilities to be constructed over two phases,” said the EIA, completed in October 2022 by Waypoint Consulting.
“Project components include commercial office and retail space; [a 75-room] condo hotel; residences including town homes and condos; open space and recreational facilities; tennis courts; utilities, roadways and parking.” Some 22 of the project’s 68 acres, accounting for almost one-third of the site, had already been cleared in anticipation of future development. It will be located opposite Charlotteville between the Old Fort Bay and town centre roundabouts.
Mr Watson yesterday said the condo-style resort “will be a 226-unit hotel” rather than the 75 rooms referred to in the EIA. He added that the hotel component will cover some 262,000 square feet, with that and the project’s commercial core – the office, retail and restaurant space, together with amenities – to be constructed in the first phase.
The Venetian Village’s second phase will involve “private gated” residential real estate located towards its southern and eastern boundaries, and the EIA suggested this will include 76 duplex units; 33 single family lots; and a community park. Mr Watson added that Brickell was presently eyeing “about 500” residential units that will be spread over 45 acres.
See complete article in The Tribune at http://www.tribune242.com/news/2023/feb/14/sebas-eyes-200m-investment-hotel-project-set-creat/?fbclid=IwAR3HWVtO9hUVVhVH4OCjxYvHn_8v_oVdhUfCkb3GO85WCHrh-2nWinVw1AE
