A standing room only crowd packed the Palm Cay clubhouse Thursday to hear a new executive and operations team unveil plans for the upscale $200 million, 69-acre community at the eastern end of New Providence.
What they heard was a carefully laid out, four-year calendar that at the end would give owners of single family homes, townhomes and condos not just the largest inland marina in The Bahamas and other amenities, but a desirable seaside nautical community.
If property owners had any doubt that the new team was serious about leapfrogging past any former hiccups that had beset the promising development, they only had to look as far as the beach outside the clubhouse windows. Fresh from a $1.52 million investment, the 1200 feet of white sand is more than 100 wide and protected in three half moon coves with the newest engineering guards against erosion, natural stone whale tail formations at end and middle intervals, enveloping arms deflecting waves and helping to accrete sand.
“We are here tonight to introduce you to the new Palm Cay,” said Sales & Marketing Director Zachary ‘Zack’ Bonczek. “At the end of this meeting, when you walk away from this clubhouse, we want you to be as excited as we are about building a community that maximizes the true potential of this place.”
Along with introducing a new team at the head table and a host of local professional firms, Bonczek led owners of home sites, townhomes and single family residences through the year-by-year schedule of construction plans. By the time the project is fully built, sold out and turned over to a homeowners association 2017, it will include a 194-slip marina with fuel dock and other amenities, 1400 feet of beach with 1200 feet of pure white sand, a beach club, fitness centre, three acres of parks and recreation, tennis courts, a restaurant that seats about 160 with 96 inside, 70 outside, a gourmet market and deli, small boutique marina condo hotel and an array of residential choices ranging from a home site starting at $155,303 to a beachfront townhome priced between $499,000 and $850,000. Condos will be range from $350,000 to $375,000.
“This was the first real home owners’ and property owners’ meeting,” said Bonczek, “and I think by the time everyone left, there was a real feeling of excitement.” The first major change will be the clubhouse where the meeting took place. Plans have already been submitted to transform it into a restaurant and executives say they hope it will be operational within months.
Palm Cay Development presented the master plan on a take-home flash drive.
The development lies to the south of the extreme eastern end of New Providence and is home to the closest marina to Exuma as well as the largest marina on the island in number of slips.
Diane Phillips and Associates
MIXING BUSINESS WITH PLEASURE — Residents and property owners at the upscale Palm Cay community in eastern New Providence mingled before the fist homeowners annual general meeting this week. They gathered at the clubhouse which will soon be transformed into a restaurant with seating for about 160 between interior and waterfront verandahs.
