Grand Atlantic Property: 5 Proposals Submitted

June 7, 2013

Grand-Atlantic-Development-Bermuda-genericFive proposals for the use of the Grand Atlantic property were received covering  tourism use, senior residential use, and mixed use, Minister Wayne Scott said today [June 7] in the House of Assembly.

The Government had earlier solicited [PDF] of requests for information from investors and potential buyers, local and international,  for the 78-unit property.

“I am very pleased to announce that five proposals for the use of the Grand Atlantic property were received by the closing date,” said the Minister.

“Although I am not in a position to reveal the details of the proposals at this time, I can report that the proposals included ones promoting tourism use, senior residential use, and mixed use.”

“The proposals will be carefully reviewed and the preferred proposal will be recommended to cabinet for consideration and approval to proceed. Further information will be provided to the house at a later date,” said Minister Scott.

The Grand Atlantic property is located in Warwick, and was planned as a housing development. The listed prices for the 78 units ranged from $495,000 – $665,000, however despite 100% financing being made available only one unit sold in the first six months.

Back in March, Minister Scott said that the Government must consider the consequences of putting 78 units on a housing market which already has a surplus, and that the “only responsible thing to do is to take a step back before any further decisions are made.”

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Comments (37)

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  1. slow potato says:

    knock them down and use site as a nature reserve.

  2. SoMuchMore says:

    there’s no need to worry, they’ll be washed away in the next storm smh

    • Tiger Lily says:

      The power of words – by all previous forecasting, the buildings should have been overboard already.

  3. G Photog says:

    Knock them down my money put them up I want a return on my investment

  4. RED LIGHT DISTRICT says:

    OPEN UP A LUXURIOUS RED LIGHT DISTRICT!

    THE BEACH WOULD BE KNOWN FOR BEING THE PINKEST AROUND!

    We can import ho*’s and cage them within the grounds.

    FORGET GAMBLING! Thanks chump change when compared to prostitution!

    • Um Um Like says:

      Great idea! And we could use the ground floor units as smoke shops and grow houses for when we legalize marijuana.

      • Opressed says:

        No need to import any Ho’s, we have a plethora of hard working Bermudian ones already. Maybe Bro Chris could organize them?

        • Unionized? says:

          A dedicated union worker was attending a labor convention in Las Vegas. As you would expect, he decided to check out the nearby brothels.

          When he got to the first one, he asked the Madam, “Is this a union shop?”

          “No,” she replied, “I’m sorry it isn’t.”

          “Well, if I pay you $100.00, what cut does the girl get?”

          “The house gets $80.00 and the girls get $20.00.”

          Mightily offended at such unfair dealings, the man stomped off down the street in search of a more equitable, hopefully unionized shop.

          His search continued until finally he reached a brothel where the Madam responded, “Why yes sir, this IS a union shop.”

          “Excellent! Exclaimed the man. “And if I pay you $100.00, what cut do the girls get?”

          “The girls get $80.00 and the house gets $20.”

          “That’s more like it!!!” he said.

          He handed the Madam $100.00, looked around the room and pointed to a stunningly attractive blonde.

          “I’d like her, please,” he said excitedly.

          “I’m sure you would, sir,” said the Madam, then gesturing to an 85 year old woman in the corner, “but Ethel here is number one on the list.”

  5. Verbal Kint says:

    Blow ‘em up. Have a lottery, sell chances to see who gets to push the plunger. anything else would be throwing good money after bad.

  6. HeyBye says:

    Knock them down, they are an eye sore.Turn area into a park.
    Maintenance alone on these monstrosities, will bankrupt the tax payer even further.

    • Tiger Lily says:

      You must need an eye exam – are you so tunnel vision that you cannot see a productive alternative for the property?

  7. swing voter says:

    can they be moved? hahahahahahahaha jus jokin

    • Um Um Like says:

      They will be moved…down to the ocean!

  8. If we use it as an affordable residence inn for tourist, this would be the moat feasible solution. after all the few hotels we offer have ridiculous rates, so having a residence in like other places will do well for our guest if it is affordable.

    • Ben says:

      They won’t come back though, will they? Thank you Ewart Brown, another crippling waste of the public purse.

  9. Opressed says:

    Knock ‘em down. They’re already showing signs of neglect.

  10. What a joke says:

    You all are a bunch of a.. Holes!

    • Time Shall Tell says:

      The level of maturity shown in these posts really shows the sad state we as a country really are at & how far we have still to go.

      • Tiger Lily says:

        I was thinking the same thing. That is why when I travel, countries that we once scoffed at, I see have surpassed us. Reading their blogs are a treat and increases one’s knowledge and cultural understanding. Many of these local blogs/comments are filled with immature, cynical and sarcastic comments. Bermuda will never advance to be the forerunner with a community that is filled with hateful armchair satires. It would be good once to be on one accord with the things that matter. I don’t think these units have elevators so maybe affordable residential units for a younger populace, sports units, tourist units (my #1 preferance) would suffice. The last census indicated that our population’s religious affiliation declined significantly. The hateful and demeanings words read on some of the threads are evidence that this is true.

  11. Opressed says:

    RFI’s, postmarked from St. Brendan’s.

  12. sminks says:

    Rent to buy but have it a low price.

  13. SoMuchMore says:

    rent or sell them as a house boat cause they’ll be in the ocean soon enough

  14. dough says:

    Sell them at the market price and take a loss Gov

  15. Y-Gurl says:

    I wonder if the developer is one of the proposal submission , double dipping indeed!

  16. Grubster says:

    Apartments that can’t sell next to area with piles of sand/rubble and place for storage containers and then not far down, the yellow building that i think was supposed to be a supermarket that has never opened. All seriously ugly and no view of the sea. Near to Warwick long bay and could really do something there to attract tourists.

  17. Good Stuff says:

    I’d buy one if they started in the $200k range. One can dream I suppose…

  18. frank says:

    let hear what the idea’s were first all these stupid comments

  19. Jim says:

    The yellow place is Arnold’s.

  20. Cleancut says:

    Give the whole complex to the Uighurs. In 15-20 years time we will no doubt have a large growing Uighur population and there will also be plenty of room for development with a mosque in the adjacent land. Maybe Col. Burch and Dr.Brown could be hired as the agents to tend to the property.

  21. Rich says:

    Hold an auction. Let the free market decide the price.