Published by: Eyewitness News

NASSAU, BAHAMAS – With completion still about two years away, the high-end residential and resort development on Cable Beach known as GoldWynn hit the $50 million mark in sales under contract last week with interest exceeding expectation – an indication, said one executive, of a “continuing love of The Bahamas as well as an appreciation for the product.”

Matthew Marco, Executive Director of Sales, revealed the positive sales report in an internal document December 6.

“We just reached the $50 million mark which represents just under 40% sold, fantastic for a building in The Bahamas so early in construction,” Marco told developers. Prime Minister Dr. Hubert Minnis presided over the groundbreaking declaring that GoldWynn —located directly across from his office on West Bay Street – would be part of a “second home market that will experience significant growth over the next many years.” Underground infrastructural work was completed this summer and with some 150 construction workers on site and massive cranes dotting the skyline, the $200 million project – now up to the second of six stories – has been a boost to the construction sector and the local economy.

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