The launch of a new waterfront residential development represented exclusively listed by HG Christie is signaling what the company believes could be the beginning of a renewed wave of development and investment in Grand Bahama.

HG Christie has been appointed the exclusive brokerage for a new canal-front townhouse development currently under construction on property adjacent to Taino Bridge. One residence has already been sold, with additional homes expected to come to market as construction progresses. The development is being brought forward by developer Hanno Strack, who has spent the last 20 years planning, designing and building waterfront residential communities in Majorca and now The Bahamas. His Bahamas projects also include The Coral Villas, located off Coral Road near Royal Palm Way, where the first completed model residence is now ready for prospective buyers to view.

For HG Christie, the arrival of new inventory is particularly significant at a time when Grand Bahama’s property market is showing renewed signs of activity following a prolonged period in which relatively few new residential developments came to market.

“We’re excited to be representing The Beach Residences at Taino Beach, but we’re equally excited about what these developments represent for Grand Bahama,” said John Christie, CEO and Lead Broker of HG Christie. “For a long time, there simply hasn’t been enough new development. We are beginning to see that change, and we believe projects like these can help create momentum for other developers to take a fresh look at Grand Bahama.”

Mr. Christie said the island needs new investment across several segments of the housing market, including properties designed to serve the tourism and short-term rental sector as well as homes for local residents.

“Grand Bahama needs inventory,” he said. “We need quality properties that can appeal to investors and visitors, but we also need developers building homes that local families can afford and communities can grow with all the new projects coming online, its an encouraging sign that the market is beginning to move in the right direction.”

The Beach Residences are designed to appeal to buyers looking for both a waterfront lifestyle and an investment opportunity. The townhouses feature three bedrooms, including two en-suite bedrooms upstairs and a third bedroom on the ground floor. Each bedroom has access to an outdoor space, while the open-concept living area is designed to overlook a private pool and a private dock on Freeport’s expansive canal system.

The canal-front location also provides direct access to the water, with the open ocean only minutes away by boat. The development is within easy reach of beaches, restaurants, entertainment and other waterfront attractions. Mr. Strack said the combination of location, design and flexibility was intentional.
“We built these homes with today’s buyer and today’s traveler in mind,” Mr. Strack said.

“People want privacy and space, but they also want the option of using the property themselves and renting it when they are away. Waterfront access adds another dimension to that experience.”

That combination is particularly relevant to Grand Bahama’s growing visitor economy, which is severely lacking hotel rooms, so there is demand for private, well-appointed properties that can function as vacation rentals while also providing owners with a personal retreat.

Sarah Kirkby, HG Christie Estate Agent and co-listing agent, said the opportunity to bring the development to market comes at an important time for the island.

“I’m thrilled to have the opportunity to help Hanno promote and sell these beautiful townhomes,” Ms. Kirkby said. “Increasing our inventory is important as Grand Bahama begins to regain momentum and property sales increase.” She said the development’s flexibility could make it attractive to buyers who want an investment property without giving up the ability to enjoy it themselves.

“I think Hanno has chosen a concept that fits the market very well,” Kirkby said. “An owner can come to Grand Bahama, enjoy the property, the pool and the easy boat access – and then rent it to guests when they’re not here. We have a real shortage of this type of accommodation, particularly properties with three bedrooms, a pool and a dock that Florida residents can pop over for weekends and enjoy.”

For HG Christie, the exclusive listing of The Beach Residences represents more than another property coming to market. It indicates that the development pipeline is beginning to move again. “We’re excited to be part of this next chapter,” Mr. Christie said. “When developers are willing to put capital into new projects, it creates confidence. It creates opportunities for buyers, investors, workers and businesses. We want hope to see more of it.”

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