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ONE Cable Beach going vertical

Local contractors and more than 150 Bahamian workers are on site at ONE Cable Beach, a luxury condo project by Aristo Development. 

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TheBahamasInvestor.com
Thursday, March 31, 2016
Thursday, March 31, 2016

Local contractors and more than 150 Bahamian workers are on site at ONE Cable Beach, a luxury condo project by Aristo Development just west of Melia Nassau Beach Resort, West Bay Street.

Bahamian subcontractors on the $70 million development include Mosko/Bahamas Marine and Greyco Ltd.


“Part of the third floor has already been poured and we expect a roof on the building by the end of summer, with completion in the summer of 2017,” says Matthew Marco, Aristo sales & marketing director.

Located just west of Melia Nassau Beach Resort in Nassau, residences at ONE Cable Beach range from $575,000 for a one-bedroom, $695,000 for a two-bedroom and $4.75 million for a 3,900 square foot, 3-bedroom penthouse facing the sea.

ONE Cable Beach features ocean and garden views, swimming pool, fitness centre, 24-hour security, storm-rated windows and oversized doors, high ceilings, and quality construction with the finest in finishing details.

The project is starting to generate global interest in Nassau and The Bahamas.

“We are noticing increased interest out of Europe for permanent residency together with North American cities that have direct flights to Nassau,” Marco says, adding that he and Aristo Development president and CEO Jason Kinsale are planning trips to London and Geneva in early April to generate further awareness and interest in the project.

Aristo Development has constructed more than $50 million worth of real estate in The Bahamas, including the family-oriented and young professional community of Balmoral.

It is also behind the ThirtylSix on Paradise Island scheduled to break-ground this summer.

The Bank of The Bahamas is focusing on capitalization, strict governance and modest risk lending, according to a statement released earlier this week.

Interest is growing in the newly renovated One Ocean condominiums on Paradise Island, as developers put the finishing touches on the project's design and prepare to open model units in May.

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