NASSAU, BAHAMAS —The government yesterday signed a Heads of Agreement (HOA) with the developers behind a $175 million luxury resort and residential development on Torch Cay – the southernmost tip of the Exuma chain.
Prime Minister Philip Davis yesterday described the development being undertaken by PMR Bahamas as a groundbreaking new residential community that promises 350 annual jobs throughout its two-phased construction period and a further 250 jobs once operational.
Davis noted that the development will feature an 18-hole golf course, environmental research facility, sustainable farm, beach club, and spa. Other features of the development include a marina and runway with an International Civil Aviation Organization designation. Torch Cay, also known as Hog Cay, is a privately-owned, 707-acre island.