Home Ownership

Island Living at its Best With Fee Simple Property Ownership

The project presented here is not only a conceptual plan of a future development located on the Island of Great Guana Cay, it is a development project that has been completely thought out and is going through approvals. The developer, Mr. Allen Smith (“Mr. Smith”), founder of Allen’s Marine Enterprises Limited (“AME”) is no stranger to the site. He is a Bahamian citizen who was born in Black Point, Exuma and is the Principal Developer.

The full scope of this four phased 25 plus-acre development will include a 77 slip full service marina, 26 residential lots with water views, 35 condominiums, twenty-five (25) 580 square feet rental water oriented boutique hotels with amenities and twenty five (25) 500 square feet rental water oriented boutique hotels including a swimming pool, spa and 3 tennis courts, plus a 2,000 square feet administration building with retail. It is AME’s intention to attract additional investment capital to complete the project’s infrastructure. During this process, it has been its intent to seek out other developers specializing in products that complement the planned infrastructure.

Phase I
Phase I of the development will consist of approximately 3.5 acres with 800 feet of water frontage and will be to include a 4-slip fix-dock full service marina with fuel tank capacity for 20,000 gallons of gas and 30,000 gallons of diesel, 6 boat lifts, 12 two-storey 580 square feet of living space plus balcony’s rental boutique hotel suites/bungalows with amenities including a swimming pool and tennis court.

Other improvements will include a signature restaurant overlooking the marina and bay, a 1,000 square feet administration building with retail, plus fuel dock facilities. The marina will be able to accommodate yachts up to 150 feet in length and will feature fully amenitized docks. Upon completion of this stage of the project, The Palms will have the necessary foundation of infrastructure improvements, visitor access and financial strength to ultimately become the gateway to the Exuma Cays.

Phase II
Phase II of the development will consist of approximately 6.5 acres and will be programmed to include a protected 20-slip internal floating-dock full service marina, 10 two-storey 1,800 square feet condominiums and 13 two-storey 934 square feet rental boutique hotel suites/bungalows with amenities including a swimming pool and two tennis courts.

Phase III
Phase III of the development will consist of approximately 15 acres and will be to include a protected 53-slip full service mega yacht marina. The marina will be able to accommodate yachts up to 200 feet in length and will feature fully-amenitized floating docks. 26 residential lots with water views, 20 two-storey 1,800 square feet condominiums and twenty (25) two-storey 500 square feet rental water oriented boutique hotel suites/bungalows with amenities including spa.

Access

Access is The Palms' greatest asset. It is the only location that can feasibly become the “Gateway to the Exuma Cays” for three primary reasons:

1. Infrastructure Capacity
Great Guana Cay is the only island that could support a critical mass of resort and access facilities, thereby limiting any future competition.

2. Air Access
The Black Point, Exuma International Airport currently receives two (2) commercial international flights per day from Fort Lauderdale, Florida and two commercial flights per day from Nassau, New Providence plus air charters flights. This is a critical factor when considering that several potential buyers will likely have their own airplanes. Additionally, the site is adjacent to the existing airport that is planned to be expanded to 5,000 feet.

3. Marina Access
The Exumas are already the mega-yacht capital of The Bahamas with several charters based out of Nassau, New Providence, 85 miles away. By creating a marina that can accommodate large vessels, it will be serving an existing market as well as attracting yachts that might otherwise go to other destinations.

The Palms Project is a prime example of how a development can be in harmony with nature and work to preserve the natural beauty of the area that originally attracted the development to this site. In addition to preserving the natural beauty of the site, the development will be a representation of the traditional and international style of The Bahamas and the Caribbean. The combination of nature and tradition is the key to the success of this project and a model for future development in other parts of The Bahamas.

To accomplish this delicate balance with the environment all site preparation, architectural design and construction of facilities shall be performed with the highest regard to functionality, quality and The Bahamas tradition using the latest building techniques found in other environmentally sensitive developments around the world. To monitor this process the developer has establish a permanent Architectural Review Board committed to preserving original concept and assure that all current and future development complies with the concept. This dedication will set the standards by which other developments in The Bahamas are judged by both governmental agencies and residents and guests of the development alike.

Key concerns of the development team will include the relationship with inhabitants of Black Point/Great Guana Cay and the sensitivity of the Island's delicate ecosystem. Great effort will be taken to preserve the natural habitat of the animals, plants and sea life that call the development site home. Local residents should not be concerned either, as there should be no changes in their life style as a result of the development other than improving on their economic status.

The structures of the development will maintain a low profile and consists of natural color tones and materials indigenous to the Caribbean to harmonize with the sensitive nature of the Island. All of the sites components, buildings, roads and activity areas are intended to be site sensitive in design to minimize disruption of the existing site while preserving a large area of the development in its natural landscape. The overall layout of the site, infrastructure components and individual structures are designed to minimize the impact upon both the land and the environment. Utility lines approaching the development as well as within the development will be located underground.