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TheStreet Open House

Tax Benefits And Vast International Investment Spawn Resurgence In Nassau, Bahamas

NASSAU, Bahamas, March 19, 2013 /PRNewswire/ -- While the global economy lurches unpredictably, it seems something rather interesting is happening in the tropical Bahamas.

The longtime Caribbean holiday haunt is experiencing a mini-boom, with international billion-dollar developments and business investments rapidly moving forward.

While the Atlantis resort on the Bahamas' Paradise Island is considered a landmark achievement, BahaMar, an ambitious $3.5 billion resort on New Providence Island, is due for completion in December 2014 and expected to follow the lead of Atlantis. The resort is preparing to impress a mostly adult clientele with 3,000 feet of white-sand beach, hotels, Vegas-style casino, shopping, a Jack Nicklaus Signature golf course, pools, restaurants, clubs and bars.

In southwestern New Providence lies the Albany resort community, developed on 600 oceanfront acres by the Bahamas-based Tavistock Group, golf legends Tiger Woods and Ernie Els.

Tennis star Roger Federer counts among the celebrities who choose the high-class destination, boasting a marina, 18-hole golf course, hi-tech gyms, a stable and children's clubs.

This hive of activity has also boosted interest among second-home seekers looking for a secure, peaceful place that is easily accessible but also within reach of the action - developments like Caves Heights ( http://www.cavesheights.com), a private residential oceanfront community set on seven private acres dotted with exotic palms and flora on the north coast of New Providence, are proving an attractive, affordable investment.

Classically Bahamian with touches of Mediterranean style, the development's 2 and 3 bedroom condominiums and grand penthouses – all with stunning ocean views - are ideally suited to those wishing to acquire or rent a fully-equipped holiday home or securing rental income.

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