THEOTHERSIDEOFPARADISEA$40millionprojectrisingonthewesternendofParadise Islandisaddinganewdimensiontoaluxurymarket.Invitedguestsweretransportedbyboatto asneakpreviewwhenMarioCarey,2ndfromleft,ofMCR,hostedanopenhouseFebruary22. CareyreviewsplanswithMinisterofLabourandNationalInsuranceShaneGibson,centre,co developersDanielGreenglass,left,developerJoeBrennan2ndfromrightandDavidKosoy, whosevisioninspiredthefiveresidencecommunity.Thegeneralcontractorislocalcompany NorstarGroupincooperationwithinternationallyknownluxurydesign/buildfirmBrennan CustomHomesInc.whichdesignedTheBeachHouseVillas.

(PhotobyMarcusBain)

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MarioCareyRealtyIntroducesP.I.Project

Developers:$40Million,5HomeComplexCreatingUpto60FulltimeJobs
A project rising on the western end of Paradise Island is turning traditional real estate sales

wisdomonitsheadbuildingmultimillionhousesonspecduringachallengingeconomyinalocation no car can reach. Now, with early signs of success, there's every indication that the microcosm of a communityfortheverywealthyaccessibleonlybyprivateboatwillcreateanewintelligenceabout how to appeal to those with discretionary income and fine taste wowing them not just with the expectedluxuriesandamenitiesbutwithanatypicalsettingsocompellingitcreatesinstantvalueand desire. TheprojectiscalledTheBeachHouseVillas.OnFebruary22,afewdozenhandselectedguests,

arrivingbyboat,wereinvitedtoasneakpreviewduringanopenhousewineanddineeventhostedby MarioCareyRealty. The brainchild of successful developers/entrepreneurs David Kosoy, Joe Brennan and Daniel

Greenglass, The Beach House Villas is a five residence community on two and a half acres of the last secluded shoretoshore land on Paradise Island. When completed, each of its customdesigned two storeyhomeswillbeturnkeyitsownprivatepool,fullyfurnished,lavishlylandscapedandlit,12'high ceilingsonthefirstfloorandspectacularviewsthroughout,customstoneworkfinishesonexteriorand interior architectural features. Homes range from $5.3 million to nearly $9 million, together a $40 million buildout. Set to complete in late 2013, The Beach House Villas is creating up to 60 fulltime constructionjobs,pluspoolbuilders,landscapersandotherswhowillbecomingonasworkcontinues. GeneralcontractorislocalcompanyNorstarGroupwithofficesonToniqueWilliamsDarlingHighway. ThejobcreationwasafactthatdidnotescapethenoticeorsatisfactionofMinisterofLabour

and National Insurance Shane Gibson, one of the invited guests at the open house. Gibson was also impressed to learn that the land, which had previously been approved for high density development, was reevaluated, making way for five homes with a central gym and fitness centre, concierge and laundryservice,privatedocksandawatertaxitoferryresidentsbackandforthacrosstheharbourto Nassau. "Theconceptisamazing.It'sbold,it'scourageous,it'sgorgeous.Youwouldneverhaveimagined

that something like this with all these luxurious features would be built here," said a private banker, sweeping the horizon with his arm as if the word 'here' were halfway to the moon instead of the western end of Paradise Island. The location he is referring to is smack dab in between the former

homesoflegendaryactorsNicholasCageandthelateRichardHarris(nowKosoy'sresidence),menwho atonetimecouldaffordtoliveanywherebutchosetolivewithinafewminutes'boatridetoNassauor alongwalkdownthebeachtoAtlantis.Onethevillasarecomplete,residentswillhaveanadvantage neitheractorhad theavailabilityofa4wheeldrive,fullyenclosedKawasakibeachvehicletowhisk them to the restaurants, spas, shops, attractions, golf course, tennis, or other resort facilities on the easternsideoftheisland. AscodeveloperDanielGreenglassexplains,"It'smagic.It'sasquietandremoteasyouwantit

tobeorit'sa12minutewalktoStarbuck's.YouhavetheAtlanticOceanononesideandthesecruise shipsalllitupatnightontheother.Thisistrueislandlivingplustheluxuries.Thebeachatyourback door,theharbouratyourfront.Nassaujustacrossthewaywithallthegoodrestaurantsandshopping andbusinessactivity.Youdon'tevenneedtoownacar." For broker Mario Carey who has an exclusive listing on the 3,109 square foot, $5.3 million

residence,it'saonceinadreamenvironment. "Youareinaworldofyourownwithalltheprivacyyouwant,"saysCarey."Youcanwalkdown

thebeachinthemorningformorethanamileandnotseeanotherfootprint.And15minuteslateryou canbeonthegolfcourseattheOceanClub.There'sawatertaxitotakeyoutoNassauorfurthereast ontheislandandyoucanhaveyourboatrightatyourdoorstep.WhatTheBeachHouseVillascaptures is the feeling of being on your own private island but with all the activity and amenities you want minutesaway." TheBeachHouseVillas,saysthebroker,isonemorereasonthatParadiseIslandstandsaloneas

arealestatesuccessstory."It'sallaboutthelifestylewhetheritisprivateasinthesevillasorahotel condo like the Reef where one of our agents just sold $10 million worth of property in the last six months.IdonotbelievethereisanotherplaceintheWesternHemispherethatcomparestoParadise Island."