Caribbean Basin Development Corporation, Ltd.
The Caribbean Basin Development Corporation, Ltd. (the “Company”), a Bahamas registered company, was formed to take advantage of a growing interest in the development and sale of residential and commercial properties in the Caribbean Basin region. The Company has identified three major projects: two in the Bahamas and one in the Dominican Republic
The Company plans to acquire properties outright. In addition, it will form joint ventures, when available, that are advantageous to all parties, to partially offset risks associated with real estate development. The Company also plans to finance the purchase of residential and commercial properties in the developments through a wholly owned mortgage finance subsidiary.
The projects the Company is currently considering is the development of 1300 acres on New Providence Island, Bahamas; the acquisition, renovation and expansion of an existing Hotel and Country Club on New Providence Island, Bahamas; and a joint venture residential/commercial development in the La Romana area of the Dominican Republic.
New Providence Island, is one of the smaller islands in the Bahamas chain of islands, but one its most populous. New Providence Island presents two opportunities the Company is currently evaluating. The city of Nassau lies on the northeast portion of the island and is the seat of the government of the Bahamas. It is also one of the major commercial and banking centers in all the Caribbean.
The first project represents the development of one of the last large parcels of real estate on the island. Infrastructure and government subdivision approval is in place for a mixed use development encompassing several residential communities, a golf community, hotel resort development and marina development.
Encompassing over 1000 acres and 3 miles of beachfront, the property is situated on the southwest end of New Providence Island and is...
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