Developers behind the Schooner Bay community in Abaco expect to have 24 homes completed and occupied by the end of the year, telling Tribune Business that about half of the 133 lots in the development’s first phase had been sold.
James Malcolm, Schooner Bay’s sales and marketing director told Tribune Business that the community now had 67 home owners, two thirds of them being Bahamian.
“We have 18 houses completed and occupied and we will have another six completed and occupied by the end of the year. At the end of this calendar year we will have 24 homes completed and occupied. The entire project is 435 lots,” said Mr Malcolm.
The Schooner Bay development was started by Nassau-based Lindroth Development in early 2007.
“We have about 67 property owners and two thirds of them are Bahamian. It is probably the only new development project in the out islands of The Bahamas where the largest buyer group are Bahamians,” said Mr Malcolm.
