BIMINI BAY RESORT AND CASINO

Developer: RAV Bahamas, a subsidiary olf Miami-based Capo Group
Acres: 700
Features: 2,100 Housing Units, a 250 Room hotel managed by Conrad Hilton, a 20,000 square foot casino, small convention center, and 18 hole golf course
Status: The first phase is already open, and the entire project is expected to be completed by 2008, or 2009
Website: www.biminibayresort.com

GINN SUR MER

Location: West End, Grand Bahama
Developer: The Ginn Co. of Celebration
Acres: 700
Projected Investment $4.9 billion
Features: 4,000 condominium and hotel units, 1,800 single family homes sites, two golf courses, marinas, a casino and airplane runway with customs and immigration
Status: The government is expected to give its final approval for construction to begin within the next month (Sept 2006). Ginn will start with the marinas and golf courses, but full build-out will take 20 years; biggest project ever in Bahamas, including Atlantis
Website: www,ginnsurmer.com/

OLD BAHAMA BAY

Location: West End, Grand Bahama island
Developer: West End Developers
Acres: 150
Features: Boutique 49 suite hotel now open; Homesites, lots, 75 slip Marina, Customs House, luxury hotels in historic village of West End
Website: www.oldbahamabay.com

ABACO CLUB AT WINDING BAY

Location: Cherokee, Abacos
Developer: Peter de Savary
Acres: 528
Features: Cottages, Villas, golf course, spa, pools
Status: Now Open
Website: The Abaco Club at Winding Bay

BAKER'S BAY GOLF AND OCEAN CLUB

Location: Great Guana Cay, The Abacos
Developer: Discovery Land Co. of Scottsdale, Arizona
Acres: 600
Projected Investment: $500 million
Features: Tennis courts, a golf course designed by Tom Fazio, a 185-slip marina, beach cottages and mangrove bungalows
Status: Local residents have filed a lawsuit against the project on the grounds that it will harm the environment. The Privy Council in London, which hears legal appeals for the Bahamas, last month sided with the residents, and ordered a halt to construction. Discovery Land Co. hopes to go ahead with the project, it is waiting for a ruling from the Supreme Court in Freeport
Website: www.discoverylandco.com/project_bakersbay.html

CHUB CAY MARINA AND RESORT

Location: Chub Cay
Developer: Chub Cay Club Associates, partly owned by Kaye Pearson, Bob Moss and Walt McCrory, all of Ft. Lauderdale
Acres: 870
Projected Investment: $300 million
Features: 5,000 foot runway with customs and immigration, 219 slip marina, restaurants, dive shop and five bedroom villas
Status: The marina opened in June with about half of trhe palnned slipes. Byuild-out is 18 months away
Website: www.chubcay.com/

ATLANTIS

Location: Paradise Island
Developer: Kerzner International of Paradise Island
Acres: 171
Projected Investment: $1 billion
Features: 2,317 room resort, 7 acre lagoon within a 78 acre "waterscape", a large casino and 63 slip marina
Status: First Two Phases opened in 1994 and 1998. More additions are planed for next year (2007), including 600 hotel rooms, 495 condo units, a dolphin interaction and education center, 30,000 square-foot Mandara spa, and a restaurant by celebrity chef Bobby Flay
Website: www.theresidencesatatlantis.com

RITZ-CARLTON ROSE ISLAND

Location: Rose Island, off Nassau
Developer: Ritz-Carlton Hotel Co. of Chevy Chase, Md.
Acres: 230
Projected Investment $900 million
Features: Hotel, 300 slip marina, condominiums, townhouses, and estate homes
Status: Developers received government approval in 2005. Opening is set for 2009
Website: www.ritzcarlton.com/resorts/rose_island

BAHA MAR

Location: Cable Beach, New Providence
Developer: Baha Mar Resorts, a joint venture between Harrah's Entertainment and Starwood Hotels and Resorts Worldwide
Acres: 1,000
Projected Investment $1 billion
Features: 1,000 room Caesars Resort, Westin and Sheraton hotels, 95,000 square-foot casino, Jack Nicklaus golf course, eco-water park attraction and cherf-branded restaurants
Status: Developers received government approval in 2005. Construction is expected to begin in 2007
Website: www.bahamar.com

ROYAL ISLAND ELEUTHERA

Location: Royal Island, Eleuthera
Developer: Cypress Equities, INc. of Dallas, Texas; Roger Stauback, Jack Nicklaus
Acres: 440
Features: Signature 18 hole, Jack Nicklaus designed course; private residences, spa, natural deep water harbour, 300 slip marina
Status: Construction to start early 2007; for golf course, and hotel mid 2007
Website: Royal Island
Kimpton to Manage

CURRENT CLUB

Location: Current, North Eleuthera
Developer: The Current Club Group, mainly composed of Mr. Klosky, a licensed realtor in Florida, and Mr. Lopez, his partner, a commercial property developer, also in Florida. Mr. Kas and Mirbod will serve as strategic partners of the development. They are both in the process of developing a 125-acre project in Palm Coast, Florida.
Acres: 6
Projected Investment: $8 million
Features: An upscale resort/residential community complete with 34 condominium hotel units and villas, marina, restaurant and upgrading of the existing dock. The villas will consist of two and three bedroom units furnished on the inside with tropical hardwood trim, marble, stone and a mahogany finish. Bahamian artwork will highlight the décor of the room. Amenities will include swimming pools, fitness room, business centre and a game room.
Status: Ground has been broken, and construction started
Website: www.bahamas.gov.bs/bahamasweb2

SKY BEACH CLUB

Location: Governors Harbour, Eleuthera
Developer: Partnership of Pinnacle Development Partners, LLC and David Sklar of KRA, Inc. Pinnacle Development Partners
Acres: 22
Features: 35 Resort Homes designed by David Sklar, clubhouse pool, beach
Status: Pending final approval (as of Sept 2006)
Website: www.skybeachclub.com

FRENCH LEAVE AND SAVANNAH HILL

Location: Governors Harbour, Eleuthera
Developer: EIC Resorts of State College, Pa.
Acres: 356
Projected Investment $120 million
Features: Park Yatt boutique hotel, two marinas, condominiums, and oceanfront lots selling up to $3.5 million
Status: Developers received government approval in 2004; construction has been delayed (see this story for explanation)
Website: www.frenchleaveresort.com

COTTON BAY

Location: Rock Sound, Eleuthera
Developer: Eleuthera Properties, Ltd.
Acres: 1,500
Projected Investment: $300 million
Features: 114 Home lots, two and three bedroom villas, 32 slip marina and 73 room Starwood Luxury Collections hotle
Status: Approved by the government in 2004, the hotel will open in 2007
Website: www.cottonbayeleuthera.com

POWELL POINT at CAPE ELEUTHERA

Location: Powell Point, South Eleuthera
Developer: Richard M. DeVos family of Grand Rapids, Michigan. The DeVos family’s principal business is Alticor Inc., the parent company of Amway Corporation
Acres: 700
Features: Estate homes, beach villas, town homes, marina
Status: Currently under construction
Website: www.capeeleuthera.com

FLAMINGO POINT

Location: Arthurs Town, Cat Island
Developer: Barry Beschel
Features: Oceanfront Lots
Status: 80% sold
Website: www.catislandlandproperty.coml

CRYSTAL MOUNT LIMITED RESORT

Location: South Cat Island
Developer: Crystal Mount Limited, and a memberof the Royal Family of Qatar
Acres: 500
Projected Investment: $26 million
Features: Plans include a "Monte Carlo-styled casino," 250-room hotel, 75 villas and at least 100 estate lots; low density" and "eco-friendly,.
Status: Government Approved in January 2006
Website: www.jonesbahamas.com/?c=45&a=7028

EMERALD BAY RESORT

Location: Great Exuma
Developer: EBR Holding Ltd. of Great Exuma
Acres: 470
Projected Investment: $150
Features: 183 room Four Seasons hotel, crescent-shaped beach, golf course designed by Greg NOrman, and 150 slip marina able to handle boats up to 200 feet long
Status: Opening was 2003, with more condos and single family homes planned
Website: www.emeraldbayresort.com

FEBRUARY POINT

Location: Great Exuma
Developer: February Point Resort Estates Ltd.
Acres: 700
Features: Restaurant, laundry services, fitness center, and a fully computerized business centre with secretarial services and Internet connection.luxuriously appointed Club House, lots for sale
Status: Open, and expanding with continued selling of lots
Website: www.februarypoint.com

RUM CAY RESORT MARINA

Location: Rum Cay
Developer: Montana Holdings of Nassau
Acres: 900
Projected Investment: $700 million
Features: New Airport Terminal, and hangar, 80 slip marina, hotel and marina village
Status: Approved by the government in 2004, the marina and marina vilage are scheduled to open next year (2007); build-out is scheduled for 2011
Website: www.rumcay.com

MAYAGUANA

Location: Mayaguana
Developer: Bahamian Government and "I Group" of Boston
Acres: 10,000
Projected Investment: $1.8 billion
Features: Plans include expansion of the former U.S. Air Force base at Abraham's Bay to include "the world's longest runway" and a trust fund put aside by the developer to finance infrastructure and public services in the Bahamian-occupied portions of the island
Status: Final Plans not approved
Website: www.essgroup.com

BONDS CAY

Location: Bonds Cay, Berry Islands

Developer: Antonio de La Rua, Shakira, Roger Waters, Alejandro Sanz, Arturo Rubinstein Acres: 700
Features: Boutique Hotel, Luxury Condominiums, Artists Retreat Status:
Mid-2007; first phase of offerings 2010

Website:Forbes Magazine Article

CRAB CAY

Location: Crab Cay, off Great Exuma Island
Developer: Murphy International Development Ltd; Sedona Resorts will manage
Acres: 200
Projected Investment 800 million
Features: The secluded uninhabited island of Crab Cay will be transformed into an exclusive 200+ acre old-world style ecological oasis for private luxury living, vacationing and yacht harboring. A rare tropical sanctuary, Crab Cay will embody the island's rich history and exemplify the splendor of famous European ports-of-call in a naturally secluded setting
Status: Phase one, scheduled for completion by 2009
Website:www.crabcay.com
Press Release