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Goldwynn Bahamas development hits $50M in sales

Still two years from completion, the Goldwynn development on Nassau's Cable Beach strip is seeing high interest, with $50 million in sales under contract for the luxury residences. 

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TheBahamasInvestor.com
Thursday, December 12, 2019
Thursday, December 12, 2019

Goldwynn Bahamas development hits $50M in sales

Pictured: Aerial view taken December 2019 showing construction of the Goldwynn Resort and Residences on West Bay Street. (Photo courtesy Goldwynn/The Wynn Group of Companies)

Still two years from completion, the Goldwynn development on Nassau’s Cable Beach strip is seeing high interest, with $50 million in sales under contract for the luxury residences.

The $200 million boutique resort, which broke ground May 2018, is expected to open in 2021. The complex will include a condo hotel and private residences, which start at $675,000 for a studio and range to just under $4 million for a penthouse.

Goldwynn’s executive director of sales Matthew Marco said almost 40 per cent of the property is now sold which is indicative of a growing interest in The Bahamas from global real estate buyers.

“I have never seen so much interest in The Bahamas,” he said. “The high-end second home market and the rental market are on fire.”


Wynn vice president Randy Hart said the firm has worked closely with The Bahamas Real Estate Association (BREA) to facilitate buyers and added: “Our largest sales have come through BREA. Its enthusiasm about this project has been amazing.”

The six-storey beachfront Goldwynn Resort and Residence will include dining options, a theatre, a spa and a health club. The hotel condo component, managed by hospitality group Small Luxury Hotels, will allow owners to occupy their suites for up to 90 days a year, with the units part of a rental pool for the remainder of the 12 months.

Prime Minister Dr Hubert Minnis addressed the House of Assembly earlier this week, outlining his administration's achievements over the last year. Read the press release here.

Members of the Organization of American States (OAS) paid a courtesy call upon governor general Cornelius Smith at Government House December 10, 2019.

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