CCA Breaks Ground On Another Bahamas Resort Development
PHOTO: Bahamas government and CCA officials launch groundbreaking of the $250 million The Pointe development. (Courtesy of Bahamas Weekly/Bahamas Information Services)
China Construction America (CCA) is backing another Bahamas resort project, this one with far less capacity and at a fraction of the price of the stalled $3.5 billion Baha Mar project. The state-owned builder this week announced the launch of a 200-room hotel project in downtown Nassau to be named The Pointe.
The $250 million project will also include 110 condominium units, movie theaters, retail shops, a performing arts center, a spa, entertainment venues, 14 restaurants, a marina and a parking garage, said CCA officials in a statement.
Perry Christie, the Bahamas’s prime minister, said he hoped the waterfront Pointe project would “help realize [his] dream of reinvigorating downtown Nassau.” The resort is expected to open in 2017 and create 200 construction jobs with an additional 500 full-time positions.
Unlike the massive, five-property Baha Mar project, CCA is not partnering with an independent developer to complete The Pointe, which it described as “entirely self-funded by CCA.” The firm purchased the site in December and will serve as the project’s “sole investor, developer and contractor,” company officials said.
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