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Government approves $45m Harbour Island development

Officials of the government of The Bahamas March 14 signed a Heads of Agreement with 4M Harbour Island Ltd for the redevelopment of the Harbour Island Marina. 

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TheBahamasInvestor.com
Monday, March 19, 2018
Monday, March 19, 2018

Officials of the government of The Bahamas March 14 signed a Heads of Agreement with 4M Harbour Island Ltd for the redevelopment of the Harbour Island Marina.

The $45 million Harbour Island Resort and Marina Development, scheduled to be completed in two-and-a-half years, is expected to enhance the natural attributes of Harbour Island while invigorating and stimulating the economies of Harbour Island and the surrounding Eleuthera communities.


Secretary to the Cabinet Camille Johnson signed on behalf of the government, while Michael Wiener, principal, signed on behalf of 4M Harbour Island.

Prime Minister Dr Hubert Minnis said the signing confirmed his government’s continuing commitment to accelerate the growth of the Bahamian economy and in so doing “uplift the living standards of the people of The Bahamas, particularly those living in our Family Islands”.

Prime Minister Minnis said Wiener’s vision for the transformation and revitalization of the “vintage marina property,” will bring a unique appeal to the southwest coast of Harbour Island.

The Marina property will be redesigned into a luxury mega yacht-based resort community with a wide array of amenities consisting of a marina, clubhouse, restaurants, a retail and a resort residential community to include single and two-storey Town Homes with a total of 28 Guest Rooms, 10 Villas and a swimming pool.

The 55-slip marina and resort, will be “distinctively different” with a “Loyalist design style” reflecting the historic roots of the settlement of Dunmore Town that will enhance the product offering on Harbour Island.

Prime Minister Dr Hubert Minnis recently toured the PharmaChem Technologies plant on Grand Bahama as the manufacturer proceeds with a $180m expansion project.

The developer of One Ocean on Paradise Island says it is targeting early May for completion of Phase 2 of 79-unit, 10-storey residential complex.

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