The Tribune

By NATARIO MCKENZIE

Tribune Business Reporter

nmckenzie@tribunemedia.net

THE Wynn Development group’s multi-level beach front residential and condo hotel development is already 35 percent sold-out, with 100 Bahamians to be employed in its initial phase.

Wynn Development Ltd yesterday announced it has appointed Bahamian firm High-Rise Concrete Construction (HCC) to build the superstructure at GoldWynn.

GoldWynn Condo-Hotel and Residences is the brainchild and “passion project” of Canadian real estate developer Paul Wynn, who once put in a $70m bid to purchase Freeport’s anchor resort property, the Grand Lucayan.

The GoldWynn development is located on the eastern end of Goodman’s Bay Beach, within the Cable Beach strip. The $120m project broke ground last May. The developer said yesterday the project, which is designed by Canadian firm Makow Associates, is set to commence vertical construction ‘within the month’.

“During the initial phase, the project is expected to employ at least 100 Bahamians which numbers are expected to increase significantly as construction progresses into the finishing stages,” the developer stated.

“The luxurious multi-level beachfront residential and condo-hotel suites at GoldWynn will feature amenities that includes a double infinity pool, elegant seaside dining, theatre, covered parkade, fitness centre, medi-spa, multi-purpose room and a rooftop pool. Thanks to the successful launch of the sales program, the project is already over 35 percent sold-out and this momentum is expected to accelerate once vertical construction is underway,” the developer said.