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Developer completes luxury PI residential complex – photos

Aristo Development announced this week it has completed construction on the $30 million luxury residential Thirty Six development on Paradise Island with the first residents taking occupancy. Pictured: Thirty Six outside view. (Photos courtesy Aristo Development)

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TheBahamasInvestor.com
Monday, June 17, 2019
Monday, June 17, 2019

Aristo Development announced this week it has completed construction on the $30 million luxury residential Thirty Six development on Paradise Island with the first residents taking occupancy.

“We are very proud to announce 100 per cent completion of Thirty Six,” said Aristo president and chief executive officer Jason Kinsale.


At the height of construction, Thirty Six accounted for nearly 200 jobs.

Bahamas-based Sterling Global Financial provided equity funding for the development with 38 residences, large pool and pool deck, state of the art fitness centre, 24-hour security and available concierge service.

According to Aristo Director of Sales & Marketing Matthew Marco, interest in Thirty Six was strong from the start with prices appreciating already.

“Thirty Six is the first new condominium development on Paradise Island in a decade so there was a sense of excitement and a lot of buzz from the start,” said Marco.

“Prices have climbed more than 30 per cent from pre-construction. We are 80 per cent sold.”

Marco believes Thirty Six targeted an underserved market.

“There are Europeans, Americans, Canadians and Bahamians who want a lock and leave lifestyle with all the luxuries of a resort and the comfort of their own private home,” said Marco. “All units also qualify the purchaser for Bahamian Permanent Residency status which has made The Bahamas even more alluring for international buyers.”

Pricing of the final phase of two-bedroom residences ranges from the $800,000’s to over $1.4 million.

Developer completes luxury PI residential complex

Pictured: Thirty Six condo living room. (Photos courtesy Aristo Development)

During the first week of June, 30 international incentive travel partners experienced The Bahamas firsthand as they participated in the inaugural Destination Bahamas Meetings, Incentives, Conferences and Events (MICE) Conference hosted at Baha Mar by the Bahamas Ministry of Tourism and Aviation.

The Cabinet Office has announced that the Governor General of the Commonwealth of The Bahamas, Dame Marguerite Pindling, will be stepping down 28 June 2019. She will be replaced by diplomat Cornelius Smith.

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