The Residences At Atlantis
Paradise Island, The Bahamas
A Condo Hotel By Turnberry
Everyone has heard of the amazing Atlantis Resort in Paradise Island in the Bahamas. Now, fans of this phenomenal property will have a chance to own a piece of it. Atlantis is expanding and plans include a five star, 22 story, 505 unit condo hotel. The property will cost $200 million to develop. It will be built by the world renown developer Turnberry Associates of Aventura, Florida and Kerzner International of Nassau, which owns the Atlantis Resort. The condo hotel will be located within sight of Atlantis' signature Royal Towers, the pink 24 story resort that attracts roughly one million guests and day visitors a year. The Atlantis condo hotel is part of a $1 billion expansion of Atlantis Resort. In addition to the Atlantis condo hotel, a 600 room hotel will also be built. The hotel will be a luxury all suite property modeled after high end Las Vegas casinos. A rendering of the proposed expansion shows two Mayan style buildings flanking a water park near the existing Royal Towers. The new Atlantis complex will offer a more private setting, segregated from the sprawling pool decks and water slides that are Atlantis' current trademarks. It will help to cement Atlantis' position as a vacation destination for visitors from all over the world. "Atlantis is a world class property known all over the world," said Jeffrey Soffer, principal at Turnberry Associates. "How many people go there and say, 'I would want to own here' but have nothing to buy, Now they will."
Kerzner International Limited and Turnberry Associates have joined forces for the next major phase of development for Atlantis, Paradise Island. The Atlantis Condo Hotel is part of a one billion dollar expansion project. The Atlantis Phase III project will include the following elements:
A 600 room luxury all suite hotel
A 500 unit condo hotel
A significant expansion to the Atlantis’ water-based attractions
Development of 100,000 square feet of additional group meeting facilities
Atlantis phase III will also bring the addition of world renowned chefs
and restaurants to Atlantis guests and the Bahamas. The Atlantis all suite
hotel will add a new tourist segment to an already booming business. Atlantis
Paradise Island Phase III will commence development of a 600 room luxury
all suite hotel during the second quarter of 2005. The proposed Atlantis
all suite hotel will be situated west of the Royal Towers, adjacent to
one of the best available beach sites in the Caribbean. Kerner International
will partner with Turnberry Associates, one of the premier real estate
development and property management companies in the United States on the
development of the 400 unit condo hotel. Butch Kerzner continued, "The
all-suite hotel will also complement other key elements of the Phase III
expansion, including the expanded water attractions, the meeting and convention
space and the Marina Village. Construction of these elements of Phase III
remains on track for the end of 2006."
At the Marina Village, which is anticipated to open as early as August
2005, the renaissance of Cafe Martinique will be guided by acclaimed chef
Jean-Georges Vongerichten. Carmine's, a popular New York restaurant that
serves home-style antipasti, pastas, seafood and meat entrees designed
for sharing, will represent a new family dining option. Owners in the new
Atlantis condo hotel will be able to use all of the existing amenities
including Atlantis’ world famous casino. Atlantis condo hotel units range
in size from 540 to 1805 square feet. Prices range from $800,000 to well
over $2,500,000 (all pricing subject to change) The demand for the units
in the Atlantis Condo Hotel will be huge. If you have any interest in this
project, please call to find out how to buy your unit before this project
is released to the public.
Owners and visitors of The Residences at Atlantis will be able to use all of the Atlantis amenities. The resort already has one golf course. A second one will soon be built on nearby Athol Island which will be reachable by private ferry. Other amenities available to Atlantis condo hotel owners and visitors include:
Atlantis condo hotel unit sizes will range from 540 sq. ft. to 1805 sq. ft. Prices range from $750,000 to $2,800,000 (subject to increase without notification).
Construction of The Residences at Atlantis is expected during 2007. The individual condo hotel units are on sale now at pre-construction prices.
If you are interested in this property, you will want to act quickly, as the developers are planning a major promotional roll out in spring 2005. Atlantis has a large and loyal following that will likely jump at the chance to own a piece of this exciting resort. A complete sell-out of all Atlantis condo hotel units is expected by summer 2005.
The Residences at Atlantis will offer several different options in condo hotel units:
Studios, 540 sq. ft.
One-bedroom units, 1,000-1,265 sq. ft.
Two-bedroom lockout units that combine one-bedroom units with studios, 1,540 sq. ft. to 1805 sq. ft.
CONDO HOTEL UNIT FEATURES
The condo hotel units will be provided to you professionally designed and fully furnished in true five-star fashion. Among the impressive features will be:
Marble flooring
Berber carpeting
Two-tone wood
Snaidero Italian cabinetry in the kitchen
High-end electronics like plasma screens, sound system, stereo &
phones
Designer finishes including framed art work, wall coverings, crown
molding, etc.
LIVING RESTRICTIONS
The living restrictions are 90 days per year. The rest of the time, you may place your unit in the rental program. Construction on The Residences at Atlantis is expected to begin July 2005. The Atlantis condo hotel at Paradise Island is scheduled for completion by August 2007.
THE DEVELOPERS
Turnberry Associates is one of the largest high-rise developers in the
U.S. and has been setting unmatched standards of luxury for high-rise living
for over 40 years. Turnberry developed the first high-rise condo in Las
Vegas in 30 years, Turnberry Place, and is building three condo hotel towers
at the MGM Grand.
In Miami Beach, Turnberry Associates has just purchased the world-famous,
Fontainebleau Hilton. They will spend $400 million renovating the property
and creating, in conjunction with their two adjacent condo hotel towers,
Fontainebleau II and Fontainebleau III Ocean Club, a Las Vegas-style mega-resort
property. Turnberry will be teaming with Kerzner International Limited,
owner of the Atlantis and a leading international developer and operator
of destination resorts, casinos and luxury hotels. Together, you have two
industry giants with an unmatched world of experience.
If you have specific questions or are ready to reserve a unit at The Residences at Atlantis, contact us at Atlantis@A-Realtor.Com or call (305) 936-2489 / (800) 819-5466.
Oral Representation
cannot be relied upon as correctly stating the representations of the developer.
For correct representations, make reference to the documents required by
section 718.503, Florida Statutes. We are pledged to the letter and spirit
of U.S. policy for achievement of equal housing opportunity throughout
the nation. We encourage and support an affirmative advertising and marketing
program in which
there are no
barriers to obtain housing because of race, color, religion, sex, handicap,
familial status, or national origin.