Bahamas developer Replay Destinations Ltd. announced the public opening of One Ocean luxury oceanfront condominium residences on Paradise Island.
This past weekend Replay unveiled a limited number of completely re-imagined condominium and penthouse residences and stunning common areas overlooking Nassau Harbour and the Caribbean Sea. At the end of the weekend One Ocean had secured over $34 million in overall sales commitments for the residences.
In 2015 Replay acquired all 52 unsold residences in the 79-unit building at the former Ocean Place condominium development on Paradise Island. Following acquisition, Replay began work on a multimillion-dollar redesign and transformation of the residences and the common areas.
As part of the transformation, Replay teamed with acclaimed Montreal-based interior designer Patty Xenos Design and Andrew Stirling, Bahamian architect, to create brand new floor plans with modern and luxurious interior design concepts that differentiate One Ocean in the market and capitalize on the views and spacious outdoor living areas of the residences. The design team also created a more private and intimate arrival, courtyard and pool deck experience for owners and guests.
According to Michael Coyle, CEO of Replay Resorts, the sales success of One Ocean reinforces that there is significant real estate buyer interest for thoughtfully designed residences in the Bahamas, and particularly in Nassau.
"We saw the acquisition of these condominiums as a tremendous opportunity to create residences at a destination that has strong appeal for real estate buyers. One Ocean's location on Paradise Island is ideal- fronting Nassau Harbour, adjacent to Ocean Club, across from One and Only, and within walking distance to both the beach and Atlantis," said Mr. Coyle. "This initial sales success demonstrates strong interest from real estate buyers who want a home on Paradise Island and are pleased with what we've done with One Ocean to make it a great place to live."
As the tallest residential building on Paradise Island, One Ocean offers tremendous views in all directions over Nassau Harbour, across the Ocean Club golf course, and toward the Atlantis Resort.
"We've had a very large local construction team on-site for the past six months. Their hard work has taken us to this point," said Bill Green, Managing Director, Replay Destinations (Bahamas). "Their dedication and intense work in the transformation of the residences is being rewarded with positive
comments from everyone who visits One Ocean, and the new buyers we are welcoming as homeowners."