Milo Butler Investments today announced the official commencement of phase two of its $10 million investment project in Grand Bahama.
Project scope includes renovations of the 22,000 sq. ft. Grand Union building adjacent to the Winn Building in Downtown Freeport. Patrick McDonald Construction Company Ltd will serve as lead contractor on this portion of the project valued at $1.6 million. Once completed, the building will house main office space and warehouse facilities for the Disaster Reconstruction Authority (DRA).
Additional development on The Winn building will also be completed in phase two with the build out of 12,000 square feet of office space. Grand Bahama’s Parliamentary Department is scheduled to relocate to the new space along with the Training Department of the Public Service. Select Design & Construction led by Principal Craig Kemp will spearhead the $3.3 million project.
Damian Butler, Chairman and Managing Director of Milo Butler Investments was on hand for recent contract signings in Grand Bahama.
“We are pleased to be progressing this project in Downtown Freeport into phase two with the build out of the remaining space in The Winn building and the complete renovation of the old Grand Union building,” he said. “Work began at both sites in mid-May and we anticipate that phase two will be completed over the next six to nine months.”
Butler continued: “We’ve seen steady progress in the economic outlook for Grand Bahama as it continues to recover from the double impact of Hurricane Dorian in 2019 and the global pandemic. As investors, we are excited to play a role in helping to breathe new life into Downtown Freeport and hope that this project encourages other investors to take another look at the possibilities that exist in our nation’s second city.”
In November 2022 during an official building renaming ceremony for “The Winn”, Milo Butler Investments welcomed anchor tenants AML Foods Ltd to the space. Solomon’s Freeport occupies 20,000 sq. ft. of the building’s 32,000 sq. ft. layout.
Milo Butler Investments portfolio includes investment securities and major commercial and real estate projects throughout The Bahamas. In addition to the Downtown Freeport project, the team is currently investing in a residential development in Southwest New Providence.