Morgan’s Point To Have Dedicated Sales Office

July 21, 2015

President and CEO of Bermuda Realty Company Limited, Brian Madeiros and Craig Christensen, President and CEO of Morgan’s Point Development Ltd. have agreed to form a joint venture real estate company and open a dedicated sales office at Morgan’s Point in preparation of the impending development of phase 1 of the proposed luxury residential and hotel development

“The joint venture,” said Mr. Madeiros “allows us to work directly with the property developer to create and market a brand new product for Bermuda.

“There are several phases of development and an intricate knowledge of the past; present; and future of the development site is absolutely necessary to effectively showcase this phenomenal real estate opportunity.”

Morgan’s Point development team shareholders including Brian Duperreault, Craig Christensen and Nelson Hunt embraced this collaborative partnership as this innovative and unconventional approach to a sales agency business model will more closely align the objectives of both business partners.

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Mr. Christensen added, “The development at Morgan’s Point will include 149 branded luxury condominiums, and a 79 room Five Star Boutique Hotel with world class spa and restaurants. The distinguishing factor of this luxury product for Bermuda is the planned mega-yacht marina; slated for completion in 2016.

A spokesperson said, “The new company, once incorporated, will benefit from the global exposure and branding of the Coldwell Banker organization. Coldwell Banker boasts 3,047 offices around the globe [in 43 countries] and more than 86,000 sales representatives.

“According to Real Trends 500 data [2015] they conduct in excess of 165 billion dollars’ worth of transactions each year. Mr. J.C. Calhoun of Coldwell Banker Island Affiliates is pleased with the opportunities this venture brings for growth in Bermuda and looks forward to assisting in the marketing of this amazing new development.

“Bermuda Realty Company Limited is 100% locally owned and operated and offers real estate services under the trade name Coldwell Banker Bermuda Realty. Visit www.bermudarealty.com for a full overview.

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Comments (8)

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  1. Please you bies’ lets get crackin’ with that project at Morgan’s Point. How much longer are we going to hear lip-service and see no work taking place?

    • TravelingTreeFrog says:

      There’s definitely work going on up there. This is not another St. Georges club med mess. Keep in mind they only got the land swap at the 11th hour of the PLP leaving office… and Gov’t had to clear asbestos and whatever else.

      Let’s just hope the Gov’t doesn’t hold up development any longer than they already have.

  2. C says:

    Tierd of hearing about Morgan’s point, it’s been how many years now. Let’s see some ground breaking and block laid Looking forward to the new hotel

  3. Bullseye says:

    I was getting worried with the lack of news on this project. I guess this is positive as there are signs of a pulse again.

  4. enough says:

    don’t know whre you’ve been looking but there is alot of work gonig on over there.

  5. Well done Brian. You have always been one of the most creative and productive Brokers in the Coldwell Banker International network. We all look forward to the success of this exciting new development.

    J.C. Calhoun, President Coldwell Banker Island Affiliates.

  6. swing voter says:

    Hey check out my hero Nelson Hunt !!!!!

  7. who cares most says:

    Ask them to be honest and give the public an update on their progress.
    There is so much of nothing but words and actions speak louder.
    How can we the Public know wats going on over there if firstly we can’t go to see?