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Growth and Prosperity in Abaco

September 15th, 2010

Abaco’s growth and prosperity continue to climb in yet another noteworthy series of development milestones.

Airlift acquisition targets Out Islands
Bahamas Tribune
US-based AvStar Aviation is hoping to open up airlift to Abaco from West Palm Beach by year-end, in a bid to expand the operations of recently-acquired Twin Air Calypso, which has serviced the Bahamas from Fort Lauderdale for more than 50 years … the new service—frequently travelled by West Palm and Abaco residents—could deliver 100 individuals to Abaco four days per week through scheduled service.

Abaco to get community hospital
The Freeport News
The Ministry of Health is placing greater focus on the medical needs of family island patients and plans to construct two new state-of-the-art community hospitals on Abaco and Exuma. The community hospital on Abaco will make it much easier for residents to gain access to medical care and in many cases, avoid having to travel to New Providence.

Maxwell’s Grocery re-opens in Marsh Harbour
Bahama Islands Info
When the popular Maxwell’s Grocery burned down on the night of July 21st 2008 many wondered if this was the end. But on August 13th a brand-new, sparkling, and spacious Maxwell’s re-opened in Marsh Harbour to rave reviews.

38% Crown Land revenue increase
Bahamas Tribune
“The Parcel Information Management System (PIMS) is fully being implemented and will contribute to the efficient functioning of the local land markets in support of private sector development, including facilitation of foreign investment, thereby contributing directly to the objectives of the bank’s strategy for the Bahamas,” the Inter-American Development Bank (IDB) said. “Geographic profiles of Andros, Inagua and Abaco represent a good point of departure for land use and natural resources management.”

Travel Off the Cuff – Expect the Unexpected on Bahamas’ Great Abaco Island
The Province
Like fly-fishing southern Alberta’s Bow River, flats fishing off Great Abaco, the Bahamas’ third-largest island, is also world class, says avid Calgary fly fisherman Dave Byler … Excellent fishing is just one reason the retired Suncor Energy vice-president and wife Carol decided to invest in emerging Schooner Bay Harbour Village in southern Great Abaco.

Contract signed for architectural design of Marsh Harbour Airport Terminal
Nassau Guardian
Public Works and Transport Minister the Hon. Neko C. Grant signed a $600,000 contract with the Architects Incorporated Company for the architectural design of the Marsh Harbour Airport terminal building and fire/crash facility. The current 3,315 square foot building will be replaced with a new 24,000 square foot single-storey terminal and fire crash facility immediately west of the existing terminal.

Walker’s Cay dream gets green light as Bahamas Investment Authority approves plans
Bahamas Island Info
A multi-million dollar bid to revive the once-famed Walker’s Cay fishing and diving resort, which would create “a minimum” of 200 jobs for Bahamians, has been approved by the Bahamas Investment Authority.

Furniture Plus announces the opening of its beautiful third home in Abaco
Bahama Islands Info
The walls are freshly painted. The furniture boutiques are all in place. Shiny rows of appliances stand at attention. And the doors to the newest Furniture Plus location at Maxwell’s Plaza in Marsh Harbour are open … With all newly-hired Abaconians manning the richly appointed 20,000 square foot showroom and shoppers excitedly streaming in, there is no sign of an economic downturn anywhere to be seen.

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Bahamas Real Estate Ranked Top 20 Globally

September 1st, 2010

Chancey Partnership Design Home: Deck and Pool“A long-term investment in Bahamian real estate is considered one of the best options in the world, as the country is listed as one of the top 20 places to purchase property,” reports Jammal Smith, in the Guardian., one of the largest real estate websites, notes that Bahamian advantages include a “stable economy and government, pro-landlord rental market, minimal property taxation and moderate rental yields.”

The Bahamas is the only Caribbean nation to receive a four-star rating on long-term investments.

The country, renowned for its celebrity crowd, including Shakira, Johnny Depp, John Travolta, Oprah Winfrey, Mariah Carey and Eddie Murphy, reports the most athletes and other famous individuals purchasing homes in the country.

Former President of the Bahamas Real Estate Association William Wong notes that the country is an ideal location for potential home buyers because of its location, “it’s next door to North America and [not far] from New York and Toronto.”

An estimated 200,000 passengers pass through the Marsh Harbour airport every year, and more is expected as the new architectural design and expansion are brought to completion.

The Marsh Harbour airport project follows completion of a new 6,100 ft jet runway, conversion of the original runway into a jet taxi-way, and installation of new signage and lighting.

Infrastructure developments as well as real estate developments continue to stimulate more interest from foreign investors and tourism-related construction projects.

Related articles:
•  The Bahamas Investor

Multi-million Dollar Abaco Development Opens

Investment Incentives for Canadians Buying Luxury Property in the Bahamas

Bahamas and Canada Sign Tax Information Exchange Agreement

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Marsh Harbour International Airport Gets a New Terminal

February 17th, 2010

Construction of new terminal facilities at Marsh Harbour International Airport are scheduled to begin by year’s end, and it can’t happen soon enough. The planned 38,500-square-foot terminal building is needed to accommodate projected traffic growth for the next 15 years.

As the fastest growing out island in the Bahamas, Abaco’s Marsh Harbour is home to the country’s busiest airport in that it has the most flights (the exception being the capital, Nassau). Even during the 2009 global economic downturn, Abaco continued to see steady increases in tourism with Christmas travel up 5% over 2008.

Download the PDF to read the full article.
by Timothy Roberts
February 1, 2010

Minister of Public Works and Transport, the Hon. Neko Grant, revealed that Vancouver Airport Services has submitted its Design Brief to the Ministry of Public Works and Transport, showing a 38,500-square-foot terminal building to accommodate projected traffic growth for the next 15 years. It includes a single story terminal building, control tower and a landside roadways and parking facilities. The scope of the design reflects all requirements identified by the stakeholder interviews on Abaco and discussions with the Ministry of Works and other relevant government ministries and agencies…

Government hopes to have these drawings completed by the middle of this year and is looking forward to having the project underway before the end of 2010.

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More New Flights to Abaco

January 25th, 2010

The Nassau Guardian recently reported that Abaco is to receive more air services to both Marsh Harbour and Treasure Cay. The new flights are a result of the Florida airline, Gulfstream International Airlines, expanding its schedule.

Gulfstream International Airlines will soon offer an enhanced non-stop service between Palm Beach International and Marsh Harbour, increasing its service from one to two weekday frequencies.

Fort Lauderdale International will also see increased weekday frequencies to Treasure Cay, up from one weekday roundtrip to two.

These new flights will be operated under Gulfstream’s “Continental Connection” affiliation with Continental Airlines.

Under this arrangement, Gulfstream coordinates pricing and schedules with Continental Airlines.

According to their press release:

“Gulfstream is delighted to expand our schedule with additional non-stop air service linking Palm Beach with Marsh Harbour in the Bahamas.

“As a Florida based company, Gulfstream is delighted to expand our schedule with additional non-stop air service linking Palm Beach with both the state capitol in Tallahassee and Marsh Harbour in the Bahamas. We are tremendously excited to grow our Ft. Lauderdale service with these additional frequencies to both North Eleuthera and Treasure Cay in the Bahamas. Gulfstream remains committed to providing reliable, quality Florida air service at reasonable prices,” said David Hackett, Gulfstream’s President and CEO.

Gulfstream currently operates 23 aircraft with over 150 daily system departures throughout Florida, the Bahamas and now with service at Cleveland, OH. Gulfstream operates as Continental Connection, under contractual agreement with Continental Airlines. Additionally Gulfstream has codeshare relationships with United Airlines and Copa Airlines of Panama.

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What’s New in Abaco

December 21st, 2009

The opening of the new runway at the Marsh Harbour International Airport was announced on November 16. According to The Abaconian (Dec. 15, 2009), pilots and visitors to the island have expressed contentment over the smooth landing and are looking forward to the addition of the new airport terminal.

View Marsh Harbour International Airport in a larger map

In other amenities news, Bahamas Electricity Corporation officials expect to have their $105 million power plant at Wilson City, Abaco, up and running by April next year.

As The Abaconian reports (Dec. 1, 2009), “South Abaco is receiving much attention these days with several new upscale developments in the works.”

Delphi Club, a new upscale bonefish lodge, recently opened in South Abaco. It has eight rooms and overlooks Rolling Harbour, a gorgeous beach south of Bahama Palm Shores. The luxury bonefishing lodge stands 50 feet above sea level and commands panoramic views of the beautiful Atlantic coastline.

Exterior Delphi Club by delphi.bahamas on Picasa

Other notable features of Delphi Club:

  • The elegant lodge is built in the style of an 18th century plantation house with wrap around porches.
  • The great room features an enormous dining table where all guests dine together.
  • Dinner will be at 7 pm preceded by canapes at 6 pm for a flat rate of $75 with reservations required by noon.
  • An “honest bar” and piano complete the homey atmosphere of the great room.
  • Peter Mantle, owner of the Delphi Lodge, is also owner of the Delphi Lodge in Connemara, Ireland, which he established in 1995.
  • Guests are expected from the United States and Europe.

And, of course, Serenity Point development is well underway. National Post home section (Dec. 11, 2009) called Serenity Point a “Boomer heaven.” And noted, among its many appeals, that “the project’s Builder’s Program offers up architects and interior designers from Florida-based Chancey Design Partnership to create a buyer’s dream home. Alternatively, buyers can choose from a range of schematic designs that can be tailored to their needs but must adhere to a set of building guidelines to complement the Bahamian aesthetic.”

Stay tuned for more Abaco development news.

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