The second phase of the Marina Residences, a luxury resort in The Bahamas owned by Tavistock Group, Tiger Woods, and Ernie Els, has been announced.
Honeycomb BIG is the name of the newest development, which is named after the unique concept by international architecture firm Bjarke Ingels Group.
According to a company statement, Honeycomb will sell floor plans ranging from two-bedroom residences to seven-bedroom penthouses, each with zero-entry pools overlooking the resort's marina. Views of the Ernie Els-designed 18-hole championship golf course will be available from the building.
"We were given the task of designing one-of-a-kind luxury residences with stunning views and terrace pools," said BIG creator Bjarke Ingels. "Our honeycomb facade supports the pools by allowing them to fall into the terrace floor, allowing for magnificent views while preserving privacy for each residence."
Albany, a luxury resort on approximately 600 oceanfront acres on the southwestern end of New Providence in The Bahamas, will house Honeycomb. Among the resort's amenities are a 71-slip mega-yacht marina, a golf course, a luxury hotel, a family water park, a movie theater, an equestrian centre, and water sports facilities.
Tavistock Corporation, a multinational private investment firm, and golf legends Tiger Woods and Ernie Els are co-owners of the resort community. It opened in 2010 and can accommodate vessels ranging in length from 50 feet to 300 feet. qatar houses
Honeycomb is the Marina Residences at Albany's second expansion phase, which is set to break ground this summer and open in the first half of 2016. Morris Adjimi Architects, Gwathmey Siegel, and HKS Architects designed the first phase, which consists of three six-story towers totaling 275,000 square feet. All three structures are expected to be finished this year.
Honeycomb's luxury units will be 3,000 to 8,000 square feet in size, with prices ranging from $3 million to $12.5 million. Pre-sales started in January, but no figures were given.
Albany announced a collaboration with Delaware-based real estate investment company New Valley LLC and brokerage firm Douglas Elliman Real Estate to develop and market The Marina Residences at Albany along with the announcement of the new Marina Residences.
According to the announcement, New Valley invests in a number of asset types and owns a 50% interest in Douglas Elliman Realty, LLC.
"As a key market for New Valley, we've concentrated on New York and South Florida," said Howard Lorber, CEO of New Valley and chairman of Douglas Elliman. "However, after spending time in Albany and seeing what they've already accomplished, I became persuaded that we needed to form a partnership."
In the resort city, Albany also announced plans for a wellness center, medical center, and financial center.
The Rt. Hon. Perry Christie, Prime Minister and Minister of Finance of The Commonwealth of The Bahamas, said, "Albany is a terrific vote of confidence for the Commonwealth of The Bahamas." "Albany's market success demonstrates the enduring appeal of our tropical culture and its international appeal."