Multi-Million Dollar Development For Eleuthera

        

Posted by: Editor on Jul 26, 2006 – 11:39 AM
newsandinfo  The government has announced the construction of a multi-million dollar upscale resort on Current Island, Eleuthera. The $8 million project will take on a 65-strong Bahamian workforce during construction and 25 full-time employees in two years.

“The Current Club Group has committed to making a sound eco-touristic investment in the Bahamas” said Vincent Peet, Minister of Financial Services and Investments.

The Minister and his delegation also toured the Cotton Bay Estates and Villas, currently under construction, and the South Eleuthera Mission, a community resource centre under renovation.

Over the past three years, three developments, including the Governor’s Harbour Resort and Marina, the $85 million Windermere Island Development Project and the refurbishment of the Cove Hotel in Gregory Town, have affirmed that developers view Eleuthera as an exciting destination to invest in, Minister Peet said.

He said the Cotton Bay Club, which is under construction, is “a testament to the government’s commitment to proactively and diligently facilitate positive investment in our country while concurrently adhering to strict eco-touristic principles.”

The Current Club Group has committed to developing an upscale resort/residential community complete with 34 condominium hotel units and villas, a marina and restaurant, and upgrading the existing dock.

The group is to develop two acres of the property, leaving the remaining four acres in its natural state. The villas will consist of two and three bedroom units furnished on the inside with tropical hardwood trim, marble, stone and mahogany finish.

Bahamian artwork will highlight the décor of the rooms. Amenities will include swimming pools, a fitness room, business centre and game room. It is expected that the development will engage the services of local entrepreneurs to provide basic necessities to visitors and residents of the resort. The developers have also committed to using Bahamian produce and local art and handicrafts.

Source: The Tribune