Important Bahamas Real Estate Development

In one of the biggest Bahamas real estate developments in recent years, Cayman Islands-based Dart Group has sealed the deal to purchase property in the heart of downtown Nassau, the country's capital.
Philip Hillier, principal of Parliament Properties, the vendor, confirmed that the multi-billion dollar Cayman developer is the new owner of the prime Bahamas real estate.
Kenneth Dart , billionaire heir to a Styrofoam cup fortune, is thought to have the vision and financing to make the venture a success.
Hillier told The Nassau Tribune that "The sale has gone through." According to Hillier, Parliament Properties sold a part of the real estate, believed to be part of the complex situated adjacent to the Bahamas' parliamentary centre.
According to Tribune Business sources, the sale includes a shopping
arcade opposite the House of Assembly on Parliament Street, plus several
premises on the corner of Parliament and Bay Streets.
The real estate is located in the centre of the city.
The timing couldn't be better as the Bahamas government and a group of private investors are relocating the port to a man-made island, Arawak Cay, on the outskirts of town. The idea is to help alleviate traffic congestion in the first step of a programme aimed at revitalising the city.
The Dart Group, developed Cayman's 500-acre Camana Bay
project, a lively town in the middle of Grand Cayman, and would appear to have the expertise to help the Bahamas realise its dream of turning Nassau into a living city.