Cotton Bay Holdings Ltd. (CBHL), developers of the exclusive Cotton Bay Ritz-Carlton Reserve, recently hosted a meeting to provide an update to governmental and community stakeholders on the ultra-luxury resort and residential development coming to southern Eleuthera.
Attendees at the meeting included the MP for South Eleuthera, The Honourable Clay Sweeting, Minister of Agriculture and Marine Resources, as well as island administrators and representatives from the Ministry of Public Works and the Department of Environmental & Health Services.
Company Manager for CBHL, Daniel Zuleta, gave an overview of the $200-million project and explained that the purpose of the meeting was to provide an update on the status of the project, key milestones and dates and to discuss the expected impact on the local community and its infrastructure.
‘’Cotton Bay Ritz-Carlton Reserve is planned as an open-air luxury resort, to feature 90 guest rooms and 60 Ritz-Carlton Reserve branded residences, designed to include a mixture of two to five-bedroom villas.
In addition to first-class luxury amenities and services, a signature 18-hole championship golf course, a luxurious spa, swimming pools, and signature restaurants are planned for the island retreat.”
The Cotton Bay Ritz-Carlton Reserve will be one of only five Ritz-Carlton Reserves globally. Zuleta shared, “The Cotton Bay Ritz-Carlton Reserve will span approximately 220 acres of the 400-acre property currently owned by the developer. The remainder of the property is reserved for a future developmental phase, yet to be planned.”
Given the scope and complexity of this multi-million-dollar project, it requires a phased approach beginning with the current phase of Design and Pre-Construction activities.
“We remain committed to assembling a team of best in class professionals to collaborate and bring this project to full fruition,” explained Zuleta as he announced that a number of Bahamian service providers and consultants have been contracted to the project. The developers are working through the process of selecting the Architects of Record for the project, who will be announced in the coming weeks.
Concerning the environment, the company affirmed, “We are committed to preserving the natural beauty of our island paradise as a key component of our CSR strategy, protecting the environment and preserving the unique ecosystem and natural resources for future generations to enjoy. Waypoint Consulting Ltd. have been retained as our Environmental Consultant to develop our Environmental Impact Assessment (EIA) and Environmental Management Plan (EMP), and are working alongside our design teams and the Ministry of Environment and Housing’s Department of Environmental Planning & Protection (DEPP).”
Melissa Alexiou, spokesperson for Waypoint Consulting Ltd., added, “We provide professional environmental consulting services throughout The Bahamas and are excited to be working with Cotton Bay on this transformative development for our country.”
Speaking to next steps, Zuleta added, “The project’s second phase, the Construction Stage, is scheduled to begin later this year and is anticipated to stimulate 300 direct jobs and is expected to last at least 24 months, providing in excess of $8m annually in wages. During this phase, two new public roads will be developed, Cotton Bay Road and Cocoplum Drive, which will provide public Beach Access. These roads
are being designed by CCG (Caribbean Civil Group).”
Eleuthera-based companies, Nu View Construction and Quick Fix Construction have already completed preliminary work on site. Outlining the future economic impact, the developer revealed, “Once completed and operational, the resort will employ 200 Bahamians resulting in wages in excess of $10m per annum. Additionally, through taxes & fees, the development estimates a further economic contribution of over $2m annually.”
Source: Concepts Marketing Solutions