Published by: The Nassau Guradian
$70 mil. Luxury One Cable Beach project on target for March 2017 completion
ONE Cable Beach, the $70 million ultra-luxury condominium project on West Bay Street is on target for its scheduled March 2017 completion with every significant infrastructure and site preparation deadline met to date, the developer said recently.
“We have a great team and have been fortunate that we have been able to meet every deadline we set even with all the rain we have been facing.” Said Jason Kinsale, CEO and president of Aristo Development, the group behind the seven-storey, 69-unit oceanfront residential complex just west of Melia Nassau Beach resort.
“All the footings for the foundation have been poured. More than 200 pilings have been completed and we are going vertical with the building this week right on schedule,” Kinsale said. At the peak of construction Kinsale expects ONE Cable beach to generate about 150 construction jobs. Some 35-40 persons were on site when Mosko United Construction / Bahamas Marine was drilling and installing underground pilings. Greyco, also a Bahamian company, is doing concrete work.
While construction progresses on schedule, sales of the residences started at well under $1 million continue to be brisk.