Grand Bahama: Grande Club & Residences - Old Bahama Bay (DBT)
The Grande Club & Residences development is located at Old Bahama Bay on Grand Bahama Island at West End. It includes the Grande Racquet Club with customized outdoor racquet, as well as social and wellness facilities.
The Grande Club & Residences is a residential luxury development with high-end beachfront and waterfront homes and condominium residences. It comprises 170 single-family homes and 240 condominiums providing projected investor's yield of 6% to investors over a 7 to 10 year period.
The development is complimented by the exclusive Grande Racquet Club with 14 courts which provide members the opportunity to access private training from internationally renowned instructors. Whether players are looking to strengthen their serve or simply enjoy the game in a world-class facility, the Racquet Club offers an array of services and amenities. A club house, pro shop, dining services, and tennis staff comprised of the world’s leading tennis professionals as well as opportunities to socialize, enjoy a favorite past time, or simply relax in a luxurious, private setting. Tennis is a $5.57 billion business and is the fourth most popular international sport, scoring one billion fans across the globe. It maintains the top spot as the fastest growing traditional sport in America, up over 40% from 2000. Also, Old Bahama Bay has numerous areas around The Grande Club & Residences and neighboring cays for the best snorkeling experiences and venues to watch turtles and dolphins.
The 57 acre property lies nestled into the western tip of the island with direct access to 2 miles of pristine white beaches. The Grande Club & Residences is situated only 50 miles east of Palm Beach, Florida and just a few minutes away from private West End Airport providing access to private jets.
West End is the oldest town and westernmost settlement on the Bahamian island of Grand Bahama, a 530 square mile tropical paradise with a population of approximately 50.000. West End’s Old Bahama Bay has in the past attracted a $30 million luxury resort, marina and $14 million in a private home development called Nandana Villa which is rented to many high ranking celebrities. Hutchison Whampoa, one of the largest holding companies in the world, invested over $1 billion USD in the Grand Bahama port in the past decade building the new “Port of Grand Bahama”. Also, the company has invested in a number of other projects on Grand Bahama over the past 20 years. As 50% owner of Freeport Harbour and Grand Bahama International Airport the Cayman Island and Honk Kong based company is closely linked to the economy of Grand Bahama.
Accessibility: By Air: Two airports – one commercial, one private. Grand Bahama International Airport in Freeport (26 miles from West End) offers scheduled flights. The West End Airport offers a private jet airport for convenient access to Old Bahama Bay. The international airport is serviced by American Eagle, Silver Airways, Delta, Bahamasair, and several charter operations such as Tropic Ocean Airways that also provide direct travel to Old Bahama Bay from Fort Lauderdale International Airport. By boat: Baleària Bahamas Express offers cruise ferry transportation from Ft Lauderdale into Freeport. Cruise lines such as Celebration Cruise provide frequent services from South Florida to Grand Bahama. It is an hour boat trip from East of Palm Beach. By Car: Rental cars and taxi service are available at West End.
Highlights: Old Bahama Bay is located in the in the relatively underdeveloped part of Grand Bahama Island. The island has benefited significantly by the expansion of Grand Bahama Port complex as well as from recent investments in Resort developments in Freeport. The West End is known to provide water depths and nearby magnificent reef formations that create unparalleled water sport experiences. Fishermen can select their sport of choice from bone fishing, reef fishing, and deep-sea fishing.
Tourism: West End’s close proximity (55 miles) to Florida’s coast with its 7 million population and more than hundred thousand boaters in South Florida has always attracted a steady stream of tourists. For boaters entering Bahamian waters from the United States, it is the first port of call and desired market for vacation residences. Tourism and foreign investment have been attracted to the beauty of the beaches and water, the warm climate, British rule of law and a stable financial system.
Real Estate: Bahamas are increasingly regarded as one of the world’s most interesting property markets due to its stable political structure, close proximity to the United States, and its offshore global banking center representing numerous international and US based banks and investment firms. Residential property prices rose by about 10% to 15% from 2012 to 2013 in the islands’ more established high-end residential developments. The Europeans currently make up 20% of homebuyers in the islands, twice as many as there were five years ago. There is also a noticeable increase in the number of wealthy investors from Canada, France and Britain buying a residential property in the islands. According to Global Property Guide, almost 90% of the residential construction permits issued in Q3 2014 were located in New Providence, 9% in Grand Bahama and the remaining 1% in other Family Islands.
Economy: The Bahamas is one of the wealthiest and politically most stable of the Caribbean countries. Tourism together with tourism-driven construction and manufacturing accounts for approximately 60% of $9 billion GDP and directly or indirectly employs half of the archipelago's labor force. The resort area at Grand Bahama’s Port Lucaya and visits by cruise ships provide the bulk of this activity. Tourism along with financial services, and fishing industries are the mainstay of the island's stable, developing economy. Within the past decade there have been massive and steady marina and resort investments by foreign investors. The local currency is the Bahamian Dollar (BSD), which typically is on par with the U.S. Dollar (USD). The U.S. Dollar is accepted throughout The Bahamas. Free Trade Zone: The Capital of Grand Bahama, Freeport is a 230-square mile free trade zone established in 1955. The Grand Bahama Port Authority Limited operates the free trade zone under special powers conferred by the Hawksbill Creek Agreement Act.
Offshore Investment: Project may represent a government approved investment opportunity in equity assets in designated locations.
Immigrant Investor Programs: Participation in offering may provide business investors with access to an investment country immigration investor program. To obtain a safe haven residency or citizenship under business immigration, it is very important to establish “business ties” with that country. A passive investment, such as buying a commercial or residential real estate property and other investments may qualify the investor for a business immigration program.
Available Conversion Options:
IMPORTANT INVESTOR NOTICE!
Following Rules apply :
|US Investors (US residents)||FOREIGN Investors (non-US residents)|
|Accredited: YES. Admitted for investment.||Accredited: Contact [email protected] to determine eligibility|
|Non-Accredited: NO. Not admitted for investment.||Non-Accredited: Contact [email protected] to determine eligibility.|
GRANDEINVEST & THE GRANDE ORGANIZATION: GrandeInvest is an advanced technology based investment real-estate platform offering financial participation in sports celebrity branded and international prime real estate worldwide. It is a product of The Grande Organization LLC (TGO) based in New York, New York. The Grande Organization markets and develops integrated luxury real estate, investment and related branded sports amenities. The Grande Organizations' real estate portfolio includes Grande Club & Residences, Grande Residences, Grande Resort, Ocean Grande Resort, and Harbour Grande. Its development focus is on properties in key metropolitan cities and waterfront destinations throughout the Americas, the Bahamas and the Caribbean, Asia, Australia, Great Britain, Europe, and the Middle East. Qualified investors can benefit from investments in mixed-use developments, hotels, retail, spas, restaurants as well as residential and vacation properties.
LOCAL CO-MANAGER: KST Holdings of Grand Bahama is the local co-development manager for The Grande Organization. As a developer of Shoreline - Grand Bahama Island, in cooperation with the Grand Bahama Development Co, KST completed the newest luxury resort community in Grand Bahama with residences sold from the $800,000’s to over $2 million in the mid 2000s.
DEVELOPMENT TEAM: Planning: Europe based RT Consult is a 50 member architectural and design studio with a comprehensive practice covering the European Union, and the Americas. Architectural Design: Team of FDG.USA and Herbert + Linares. FDG.USA a full service planning, architectural design firm with international experience and responsible for design management and construction of resort projects in the United States and overseas. Civil Engineering: George F Young, founded in 1919, provides a team of technicians and specialized Civil Engineers. Landscape Architect: Land Design is an US based firm with a 30-year history of international vision making and site planning. Contractor: Moss & Associates is a US based construction management firm with office and active presence from Hawaii to the Caribbean Southeast and Southwest United States. The firm focuses on landmark mixed-use and hospitality construction projects. Sports Facilities: Rossetti Architects, the nationally acclaimed sports architect which designed Sony, Palm Springs, Saddlebrook and US Open/Arthur Ashe Tennis Stadiums, NY, is providing designs service for each tennis sports facility; Tennis Operations: Peter Burwash International, which operates 70 tennis complexes worldwide at top resorts and private clubs from the Caribbean, to California, from Singapore and Honk Kong to Europe and Dubai will provide operational and staffing resources. PBI facilities are located at Four Seasons Resorts, Ritz Carlton Hotels, JW Marriott properties and many other global luxury resorts and private clubs such as Badrutt’s Palace Hotel in St. Moritz, Switzerland.