The Tribune

By NATARIO McKENZIE

Tribune Business Reporter

nmckenzie@tribunemedia.net

The Venetian West developer has invested some $17 million in the western New Providence gated community to-date, with about 100 units in the development’s first phase having been reserved thus far.

Brickell Management Group, the management company for Venetian West, has also announced a partnership with Bank of the Bahamas (BOB) that will see the latter provide an “exclusive” financing package for potential buyers.

The package, according to BMG sales and marketing manager, Cara Seymour, includes “low interest rates, fast turnaround times and a pre-approved Visa Gold card”.

“By partnering with Bank of the Bahamas, qualified buyers will have increased financing opportunities to realise their home ownership dreams, while also benefiting from other value-added offerings available for Venetian West buyers,” said Ms Seymour.

Phase One of the development, which is being carried out by the Quantas Investment Group, includes a mix of 211 condominiums and town homes.

“Approximately 100 units have been reserved or occupied at this time,” said Ms Seymour.

“Construction is ongoing and investment to date is $17 million. Once completed, an investment of $38 million would have gone into Venetian West.”

The Bank of the Bahamas/Brickell Management deal is expected to launch this Saturday at an open house event at Venetian West in Old Fort Bay Town Plaza.

“The event will be a great opportunity for qualified buyers to not only tour the Venetian West models and see the construction progress thus far, but also liaise with Bank of the Bahamas loan officers who will be on hand to assist buyers with the starting the loan process,” said Ms Seymour.