The Grand Bahama Port Authority Limited (GBPA), and the Grand Bahama Development Company Limited (DEVCO) are excited about the recent announcement by world renowned and award-winning hotel operator Six Senses. According to the release, the 36-acre project site will be the future home of 45 waterfront and canal villas, as well as a premier restaurant, boathouse, pool bar and world class amenities.
The development and investment team behind this transformational project, the Weller Development Partners, and Pegasus Capital Advisors, were brought to the table by GBPA Director Rupert Hayward. The GBPA and DEVCO have been working with the group for the past three years to help bring this vison to fruition, as it represents not only a tremendous boost to the economy, but also a diversification of the island’s tourism offering.
This project fulfills the mandate of the GBPA and supports a core objective of the GBPA’s Revitalization and Expansion of the Economy of Freeport (REEF) report, commissioned in 2020 to expand the tourism product as well as the real estate and urban renewal sectors.
Charisse Brown, CEO and Senior Legal Counsel of DEVCO, the entity responsible for master planning of the Lucaya area, where the project will be located said, “We are proud to share in the joy of this announcement. A project of this magnitude will provide a significant stimulus to the real estate market and will enhance market value of surrounding properties. We hope this development will be the catalyst for a new era for the island of Grand Bahama.”
GBPA Vice President of Building and Development Services Nakira Wilchcombe spoke to the environmental consciousness of the group. “We will be working very closely with the project to ensure proper permitting, environmental stewardship, and engagement of our pool of professional licensees during the engineering, design, and construction phases. We are impressed by Six Senses track record on creating a carbon friendly footprint and commitment to Eco-sustainability.”
This multi-million-dollar investment is slated to bring hundreds of jobs in the construction phases as well as permanent jobs and world class training opportunities. We encourage you to stay tuned in the coming weeks for information and dates about community and economic engagement on opportunity events.