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Bay Street Marina set to open in June

A new $6-million marina is slated to open mid-June in the heart of historic Nassau behind the Green Parrot and Luciano's of Chicago restaurants. Pictured: Computer generated images of the $6-million, 90-slip Bay Street Marina in historic Nassau. Click on the image (below) to see a panoramic view. (Images courtesy Bay Street Marina) 

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Date:
Updated:
TheBahamasInvestor.com
Tuesday, April 9, 2013
Tuesday, April 9, 2013

Duchess-of-CornwallA new $6-million marina is slated to open mid-June in the heart of historic Nassau.

Named Bay Street Marina, the 90-slip facility capable of handling vessels up to 150 ft in length is located on Nassau harbour.

There is a floating dock for temporary tie-ups for people arriving by boat to visit the nearby Green Parrot and Luciano’s of Chicago restaurants.

The multimillion investment is a joint venture between the Bethell and Symonette families, who say it is reaffirmation of their commitment to the revitalization of historic Nassau.

“With shipping moved from downtown Nassau, you can feel Nassau coming back to life,” said John F Bethell, president of Bethell Estates.

“We believe that this marina is the first in what we hope will be a series of investments over many years that will help Nassau realize her full potential as a vibrant, living city where people want to be to work, live and play.”


Bay Street Marina consists of 6,000 linear feet, all planked in long-lasting Brazilian ipe wood, with spaces allotted for vessels of between 40 ft and megayachts up to 150 ft.

Designed by BHM Management and built by Mosko Marine Construction, the marina will eventually include a pool for guests, fitness centre, full showers and laundry facilities, on-the-spot yacht wash down and cleaning services, a high quality reverse osmosis plant, full security with CCTV, free wi-fi, wastewater disposal facility, and 24-hour service.

The marina, however, will not sell fuel.

A dock master’s office is slated for construction later this year.

Equipped with fresh water at each slip and electrical supply from 30 amp to direct feeds of 480v, the transient marina rates are $2.50 per ft/per day with long-term leases available through Bahamas Marina Management Co.

Reservations will be available soon through the website, www.BayStreetMarina.com, which is scheduled to go live in June.

The National Accounts Section of the Department of Statistics announced at the end of last week the release of the estimates of gross domestic product (GDP) for the period 2008 to 2012. Download or view graphs and tables of the data here.

The Ministry of Financial Services is holding a two-day conference in Nassau this week on the implementation of the US Foreign Accounting Tax Compliance Act. Pictured: Minister of Financial Services Ryan Pinder speaks during the first day of the regional conference on FATCA being held at the British Colonial Hilton April 9-10, 2013. (BIS Photo/Eric Rose)

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