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Total Cost Of Victoria Row Demolition: $331,400

Total Cost Of Victoria Row Demolition: $331,400

The total cost for demolishing the Victoria Row units is $331,400, Minister of Public Works Craig Cannonier said in the House of Assembly today [May 27] in reply to a question from Shadow Public Works Minister Dennis Lister. Audio of the Minister’s reply about the costWEDCo said that they “reluctantly” started on the demolition of Victoria... Read more of this article

9 Beaches: BLDC Applies For Vacant Possession

9 Beaches: BLDC Applies For Vacant Possession

[Updated] The Bermuda Land Development Company Limited [BLDC] said it is applying for vacant possession of the former 9 Beaches property in Sandys, and “once the Vacant Possession Order has been obtained, BLDC will give the occupants two months’ notice to vacate the property.”The former 9 Beaches property is operated by IRC Sandys Ltd,... Read more of this article

BEST: Cross Island Suggestions Not Revealed

BEST: Cross Island Suggestions Not Revealed

Since WEDCo held its first public consultation meeting on the end-uses for the Cross Island landfill a list of the suggestions put forward has not been publicly revealed which “suggests that  WEDCo is setting itself up to repeat the mis-steps that resulted in the Supreme Court quashing their original application,” the Bermuda Environmental... Read more of this article

Column: Deciding How To Allocate Net Worth

Column: Deciding How To Allocate Net Worth

[Written by Carla Seely] Real estate is a much-loved investment in Bermuda and over the course of the last thirty years has rewarded home owners substantially as property values have increased. The stock market has delivered significant returns to investors as well during the same period. The real estate vs. stock market debate has been argued on both... Read more of this article

Meeting To Be Held On Future Of Cross Island

Meeting To Be Held On Future Of Cross Island

More people are to get a chance to have their say over the future use of the America’s Cup village once the event is over, as the West End Development Corporation [WEDCo] has already held one public meeting into the future of Cross Island at the Royal Naval Dockyard and it is set to hold another public meeting in Hamilton. Andrew Dias, the General... Read more of this article

RamRe House Renamed Innovation House

RamRe House Renamed Innovation House

The original Lines Building, located in the heart of Hamilton, has been renamed Innovation House. The building, most recently known as Ram Re House, was taken over in December 2015 by Innovation Ltd. The directors of Innovation Ltd. are Michael Branco, CEO of Fireminds, and Michael Freisenbruch, President of Freisenbruch-Meyer Group (FMG). A spokesperson... Read more of this article

Habitat ‘Sets Record Straight’ On Victoria Row

Habitat ‘Sets Record Straight’ On Victoria Row

Following WEDCo’s statement that they have “reluctantly” started on the demolition of Victoria Row, Habitat for Humanity chairperson Sheelagh Cooper said she thinks it is “important to set the record straight” about Habitat’s offer to renovate the units. WEDCo said they ”met with different groups and offered to let Victoria... Read more of this article

RFP Issued For Grand Atlantic Development

RFP Issued For Grand Atlantic Development

The Government has today issued a Request For Proposal [RFP] for the Grand Atlantic Development in Warwick and is inviting responses from investors and potential buyers. Grand Atlantic was planned as a housing development, however only one unit sold in the first six months, and in 2014 the Government announced it will be taken over by Caribbean-based... Read more of this article

Minister: Reduction Of ARV Levels For Purchases

Minister: Reduction Of ARV Levels For Purchases

Government plans to lower the minimum Annual Rental Value at which non-Bermudians and non-permanent residents may purchase residential property from $153,000 to $126,000, as well as reduce the minimum ARV threshold of $32,400 for condos to $25,800, Minister of Home Affairs Michael Fahy announced today. The Minister said, “Such action will help... Read more of this article

Work Starts On Demolition Of Victoria Row

Work Starts On Demolition Of Victoria Row

Work has “reluctantly” started on the demolition of Victoria Row in the West End, WEDCo said, saying that  they ”met with different groups and offered to let Victoria Row go for free, on the condition that it was renovated according to codes” but it “was simply not financially viable.” A spokesperson said, “The... Read more of this article

Magazine Features Hotel’s “Theatrical Entrance”

Magazine Features Hotel’s “Theatrical Entrance”

Coco Reef Bermuda has been featured in the latest issue of Travel Trade Gazette, a UK-based publication for the travel industry, with the article featuring the “theatrical entrance” of the Paget resort. Judith Baker wrote, ”The first few steps one takes into a hotel represent the opening sequence of a vacation, or maybe a love affair... Read more of this article

New Luxury Hotel Condominiums On The Market

New Luxury Hotel Condominiums On The Market

Bermuda’s newest luxury hotel condominium residences have arrived, with Rego Sotheby’s International Realty’s partner and exclusive listing agent Penny MacIntyre introducing the Villas at The Loren to Bermudian and international buyers. “It’s been seven years since the island has seen newly built hotel residences,” the company said.... Read more of this article

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