mcr introduces p.i. project up to 60 bahamian jobs
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7/29/2019 MCR Introduces P.I. Project Up to 60 Bahamian Jobs
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THE OTHER SIDE OF PARADISE ‐‐ A $40 million project rising on the western end of Paradise
Island is adding a new dimension to a luxury market. Invited guests were transported by boat to
a sneak preview when Mario Carey, 2nd from left, of MCR, hosted an open house February 22.
Carey reviews plans with Minister of Labour and National Insurance Shane Gibson, centre, co‐
developers Daniel
Greenglass,
left,
developer
Joe
Brennan
2nd
from
right
and
David
Kosoy,
whose vision inspired the five‐residence community. The general contractor is local company
Norstar Group in cooperation with internationally known luxury design/build firm Brennan
Custom Homes Inc. which designed The Beach House Villas. (Photo by Marcus Bain)
( ‐ MORE ‐ )
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Mario Carey Realty Introduces P.I. Project Developers: $40 Million, 5‐Home Complex Creating Up to 60 Full‐time Jobs
A project rising on the western end of Paradise Island is turning traditional real estate sales
wisdom on its head ‐‐ building multi‐million houses on spec during a challenging economy in a location
no car can reach. Now, with early signs of success, there's every indication that the microcosm of a
community for the very wealthy ‐‐ accessible only by private boat ‐‐ will create a new intelligence about
how to appeal to those with discretionary income and fine taste ‐‐ wowing them not just with the
expected luxuries and amenities but with an atypical setting so compelling it creates instant value and
desire.
The project is called The Beach House Villas. On February 22, a few dozen hand‐selected guests,
arriving by
boat,
were
invited
to
a sneak
preview
during
an
open
house
wine
and
dine
event
hosted
by
Mario Carey Realty.
The brainchild of successful developers/entrepreneurs David Kosoy, Joe Brennan and Daniel
Greenglass, The Beach House Villas is a five residence community on two and a half acres of the last
secluded shore‐to‐shore land on Paradise Island. When completed, each of its custom‐designed two‐
storey homes will be turnkey ‐‐ its own private pool, fully furnished, lavishly landscaped and lit, 12' high
ceilings on the first floor and spectacular views throughout, custom stone work finishes on exterior and
interior architectural features. Homes range from $5.3 million to nearly $9 million, together a $40
million build‐out. Set to complete in late 2013, The Beach House Villas is creating up to 60 full‐time
construction jobs, plus pool builders, landscapers and others who will be coming on as work continues.
General contractor is local company Norstar Group with offices on Tonique Williams Darling Highway.
The job creation was a fact that did not escape the notice or satisfaction of Minister of Labour
and National Insurance Shane Gibson, one of the invited guests at the open house. Gibson was also
impressed to learn that the land, which had previously been approved for high density development,
was re‐evaluated, making way for five homes with a central gym and fitness centre, concierge and
laundry service,
private
docks
and
a water
taxi
to
ferry
residents
back
and
forth
across
the
harbour
to
Nassau.
"The concept is amazing. It's bold, it's courageous, it's gorgeous. You would never have imagined
that something like this with all these luxurious features would be built here," said a private banker,
sweeping the horizon with his arm as if the word 'here' were halfway to the moon instead of the
western end of Paradise Island. The location he is referring to is smack dab in between the former
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homes of legendary actors Nicholas Cage and the late Richard Harris (now Kosoy's residence), men who
at one time could afford to live anywhere but chose to live within a few minutes' boat ride to Nassau or
a long walk down the beach to Atlantis. One the villas are complete, residents will have an advantage
neither actor had ‐‐ the availability of a 4‐wheel drive, fully enclosed Kawasaki beach vehicle to whisk
them to the restaurants, spas, shops, attractions, golf course, tennis, or other resort facilities on the
eastern side of the island.
As co‐developer Daniel Greenglass explains, "It's magic. It's as quiet and remote as you want it
to be or it's a 12‐minute walk to Starbuck's. You have the Atlantic Ocean on one side and these cruise
ships all lit up at night on the other. This is true island living plus the luxuries. The beach at your back
door, the harbour at your front. Nassau just across the way with all the good restaurants and shopping
and business activity. You don't even need to own a car."
For
broker
Mario
Carey
who
has
an
exclusive
listing
on
the
3,109
square
foot,
$5.3
million
residence, it's a once‐in‐a‐dream environment.
"You are in a world of your own with all the privacy you want," says Carey. "You can walk down
the beach in the morning for more than a mile and not see another footprint. And 15 minutes later you
can be on the golf course at the Ocean Club. There's a water taxi to take you to Nassau or further east
on the island and you can have your boat right at your doorstep. What The Beach House Villas captures
is the feeling of being on your own private island but with all the activity and amenities you want
minutes away."
The Beach
House
Villas,
says
the
broker,
is
one
more
reason
that
Paradise
Island
stands
alone
as
a real estate success story. "It's all about the lifestyle whether it is private as in these villas or a hotel
condo like the Reef where one of our agents just sold $10 million worth of property in the last six
months. I do not believe there is another place in the Western Hemisphere that compares to Paradise
Island."