Palm Cay Advances Phase 2 of Condo Project: The Anchorage Sets Sail for New Horizons

Palm Cay announced today it has opened reservations for Phase 2 of its much anticipated luxury condominiums, The Anchorage.

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With Phase I of The Anchorage under construction and on schedule at Palm Cay, developers announced that reservations are open for Phase II of the community’s first condominium offering. Demand outpaced supply in Phase I.

With Phase I of The Anchorage under construction and on schedule, developers announced that reservations are open for Phase II of the community’s first condominium offering.

…we had so many requests for single level condominiums with an open floor plan and affordable price tag that we advanced the plans and launched Phase 1 of The Anchorage ahead of schedule.Zack BonczekDirector of Sales & Marketing

Nassau, Bahamas (PRWEB) March 05, 2014

The popularity of the 50-unit, 5-phase project that is the first condo offering in the community situated on 69 acres sprawled along New Providence’s calm southeastern shore has surprised even the developers who are bracing for a flood of new applicants.

“The Palm Cay community started with townhomes and single family lots, planning to add other residential options later,” said Palm Cay Director of Sales & Marketing Zack Bonczek. “But we had so many requests for single level condominiums with an open floor plan and affordable price tag that we advanced the plans and launched Phase 1 of The Anchorage ahead of schedule. It was oversubscribed almost immediately.”

Bonczek believes the product led to sales exceeding expectation and expects that Phase 2 will follow suit. Phase 1 reservations were oversubscribed with 15 prospective buyers vying for 12 residences. Construction is now fully underway on those units. Phase 2 will consist of eight single level units.

“The product is unique – a 3-bedroom, 2-bath, 1,476 square foot residence, including terrace, in a secure waterfront community with marina, restaurant, tennis courts, pools, beautiful powder-soft beach, and more for $359,000 (pre-construction). I don’t think there is anything that can compare to it in Nassau.” The Marina at Palm Cay is the closest to the Exumas, and with 194 slips, is the largest marina in Nassau in terms of capacity. The community’s restaurant and bar, Billfish Grill, is set to open in March with indoor and al fresco dining.

Phase 2 is being sold as the first phase was – on a reservations basis with a reservation call event after the publication of the offer. Reservations accompanied by a fully refundable $5,000 deposit are processed on a first-come, first-served system.

“Our biggest problem now is one we’re glad to have – being able to meet demand,” said Bonczek.

While The Anchorage is the latest in Palm Cay’s offerings, its success mirrors other facets of the community’s sales. Developers reported that more than eighty percent of the single family residential lots have been sold. Garden Townhomes and beachfront/beachview town homes are also drawing substantial interest. The luxurious Starfish Isle town homes, directly on the beach, are drawing a cross-section of local and international second home buyers.

Palm Cay boasts over 1,200 feet of white sand beaches and features a variety of residential options in a secure, family-oriented community.

About Palm Cay:
Palm Cay is a 69-acre residential community along New Providence's southeastern shore in Nassau, Bahamas. It features over 300 properties, including single family lots, townhomes, and condominiums along with a 194-slip, deep water, full service marina. Additional amenities include a clubhouse, two tennis courts, playground, swimming pools, and 1,500 feet of oceanfront with a 1,200 foot long beach. Future plans for Palm Cay include a fitness center and full restaurant. To learn more about Palm Cay and its unparalleled amenities, visit http://www.palmcay.com.