The Bahamas, 19 Oct 2015 – They came. They saw. They bought. It was a glitzy, glamorous residential real estate investment launch that met with such positive response it even took developers by surprise.
The launch, held poolside at Graycliff with flowing champagne, soft music and a night lit with a million stars, was designed to introduce the public to the first video views of Aristo Development’s latest foray into the luxury condominium market, THIRTY|SIX, a 38-unit ultra-chic complex on Bayview Drive, Paradise Island. Thirty percent of the residences were sold prior to the invitation-only event.
“We were overwhelmed by the positive response,” said Aristo President Jason Kinsale. “By the time the evening ended, we had even more reservations on units and by the next day, we were 50% sold-out with construction not due to start for another several months.”
John Christie, whose real estate firm HG Christie has the exclusive on the Paradise Island project, said both the turn-out and the results pleased but did not surprise him.
“Paradise Island is one of those rare gems that continues to shine regardless of temporary shifts in the global economy because for those who can afford it, there is no place quite like it,” said Christie. HG Christie broker Ryan Knowles agrees. “Where else can you go where you have instant access to all the amenities of a world-class resort like Atlantis two minutes from your doorstep yet retain all the privileges and privacy of your own luxury residence with 24-hour concierge service?” he asks.
According to Aristo Sales & Marketing Director Matthew Marco, the appeal of Paradise Island accounts in part for the success, but a large part is a reflection of Aristo’s reputation and a distinctive sense of style.
“This is Aristo’s fourth project and its first on Paradise Island,” said Marco. “So whether people are buying for their own residence or for investment, they can look at the track record and see that Aristo does not just promise, it is a developer that delivers.” Marco points to The Balmoral, a sprawling, well-landscaped and thought-out townhome and single-family residential community in Nassau that is completely sold out with the exception of two homes that are just being completed. “Last week there were three left, now there are two. Next time we speak in a few days there may be none,” he told the writer. “We had so much interest for townhomes at The Balmoral that we recently acquired 12 additional acres adjoining the development and are thrilled to announce a new and final phase with luxury townhomes starting in the $400’s.” Aristo’s first project, Hampton Ridge, was also a 100% sell-out with condos delivered on schedule.
And ONE Cable Beach, currently under construction is 45% sold at a point when underground and site work have just been completed and the bones of the building with its organic, flowing lines are hardly out of the ground. “The style of that building has just wowed the public,” said Marco. “There’s nothing like it anywhere in The Bahamas and I doubt anywhere in the region.”
THIRTY|SIX is the first project that has teamed Aristo with the equally successful Sterling Financial Group, an integrated private equity, real estate investment and development firm based in Nassau. Sterling’s Chairman and Paradise Island resident, David Kosoy, has said that the market is “hungry for an offering with the sophisticated style and quality construction of THIRTY|SIX.”
“Am I surprised at the early sales reports of 50% sold with start of construction a few months away? Not at all. I looked at the plans, the location, the amenities and I just knew this was a winner which is why I chose to become an equity partner,” said the man who with others has developed more than $2 billion worth of real estate in the North American market.
Of the 38 condominiums in the block-long striking, contemporary building that will feature walls of glass, extensive landscaping draping from roof to ground floor, fitness centre, elevators and underground parking as well as 24-hour concierge service, only two-bedroom units ranging from $675,000 to $1.3 million remain available. All the studio and one-bedroom units sold and nearly all the two-bedroom corner units have been reserved.
Blue Hills Man Charged with Manslaughter
#TurksandCaicos, February 8, 2023 – A 48-year-old man has been charged with two counts of manslaughter.
He appeared before a Magistrate on January 30th. Following his court appearance, the matter was committed for sufficiency hearing on April 06th.
Andre was charged in connection with an incident which occurred on December 24th at the Residence Yard, Five Cays.
Two female minors -ages six and seven- died as a result of carbon monoxide poisoning.
Press Release: RTCIPF
Press Release: Institute of Leadership and Management (ILM) Bahamas
February 3, 2023 – ILM Bahamas Centre held its Certificate Presentation Ceremony for Cohort 7. The cohort consisted of fourteen (14) Senior Immigration Officers from the Department of Immigration. This Cohort was a hybrid of in-person and online learning. Four of the Immigration Officers were from the Family Islands (Grand Bahama, Abaco, Berry Islands and Eleuthera).
Present at the ceremony were: The Hon. Keith Bell, Minister of Labour and Immigration, Madam Justice J. Denise Lewis-Johnson, Permanent Secretary Ms. Ceceila Strachan, Executive Chair of NTA Ms. Agatha Marcelle, Executive Director of NTA Mr. Terry Murray, Director of Immigration Mrs. Keturah Ferguson, Deputy Director of Immigration Mr. Dwight Beneby, Ms. Esther McKinney Office Manager at the Department of Immigration.
The guest speaker at the ceremony was Dr. Donald M. McCartney a Leadership and Management Consultant with Motivation Incorporated Bahamas and the United States. He was a former senior public servant. He was also a First Assistant Secretary in the Ministry of Public Service with responsibility for the Northern Bahamas. He was also a former educator and professor at various colleges in the United States.
In his address to ILM Cohort 7, Dr. McCartney spoke about having the courage to lead and that leadership goes beyond SELF. It’s not about you or your ego but rather more about contributing to nation building. He said, “We must be prepared to take the bold steps that would not lead us into the abyss of despair but on the road that leads us to lift up our heads to the rising sun and press onward to the mountaintop experience, which will lead us to become the proud and productive people we were destine to be.” He also expanded on the four fundamental virtues: COURAGE, TEMPERANCE, JUSTICE AND WISDOM. Additionally, he expanded on the focus and influence of courage, on the ego and discipline.
The Hon. Keith Bell, Minister of Labour and Immigration brought brief remarks on the occasion. Some of the highlights of his speech were that Immigration is one of the highest revenue earners, challenges within the Department of Immigration such as lack of autonomy from the Public Service as compared to the other armed forces. He also talked about that the fact that the top tier is going to be retired within two years and this would be an opportunity for many of the graduates of this Cohort 7 to gain upward mobility.
He also stated that there needs to be a complete overhaul of the Immigration Act, and a review of the Asylum Bill. Furthermore, he discussed the inevitable need for the relocation of the Department of Immigration from its current location. Lastly, he stated that we must tread a delicate balance between enforcing the law and being humane, in regards to shanty towns.
It is noteworthy that the ILM Centre at the National Training Agency recently obtained a Centre upgrade. The ILM Centre Bahamas now hold the statue of Direct Claim Status with City and Guilds of London. Additionally, the Centre is now registered with the National Accreditation and Equivalency Council of the Bahamas (NAECOB) for all of its current course offerings. The ILM Department is lead Miss Pamela Gomez as the ILM Centre Coordinator. Registration is now open for Level 2 Certificate in Leadership and Team Skill and Level 3 Certificate in Leadership and Management. Our mission statement is, “Helping people, organizations, and economies develop their skills for growth.”
For more information, contact the ILM Centre Bahamas located in the Gladstone Road Business Centre by calling 461-6021 or 461-6008.
Sugar and salt tax campaigns gaining steam
By Dana Malcolm
February 7, 2023 – A global battle on sugar and salt is ramping up as the United States joins The Bahamas and Barbados in creating proposals for historic sugar and salt laws.
The country’s Agricultural Department for the first time in history, proposed a cap on the amount of sugar to be allowed in school meals.
The World Health Organization has found that North America and the Caribbean have the highest rates of childhood diabetes in the world and based on the International Diabetes Federation’s Diabetes Atlas we also have the second highest prevalence of Diabetes overall for all global regions at 14 percent or 51 million people with a projected 24 percent increase in just 22 years.
Barbados, the United States, Canada, Haiti, Mexico, Belize and St. Kitts and Nevis are all suffering from incredibly high rates of diabetes.
Barbados and The Bahamas announced sugar taxes last month; the hope is to reduce the importation and sale of sugar and salt rich foods.
Advocates across the Caribbean including Jamaica, Trinidad, and others have been campaigning for sugar taxes in their own countries with support from the public.
Now the proposed nutritional rules for the United States would set firm boundaries on how much salt and sugar can legally be added to meals, setting a new standard as most food imports for countries like The Bahamas are from the US.
The plan for the US is expected to be rolled out by 2025.
The rules, are unapologetically an attempt to cut down incidences of diabetes and other diseases fueled by unhealthy diets, according to media reports.
For now, the quantities on sugar and salt additives is an idea waiting wider consultation.
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