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Grand Atlantic complex open for offers

Ready for development: the Grand Atlantic complex in Warwick

Investors and potential buyers have been invited to take another look at the Bermuda Government’s failed Grand Atlantic Development on South Road in Warwick.

When completed in 2011, the project attracted interest from only a handful of Bermudians and eventually just one of the homes was purchased.

Since then attempts to sell the complex have been thwarted but yesterday Government, the Office of Project Management and Procurement and the Bermuda Housing Corporation issued a Request For Proposal (RFP).

“The Grand Atlantic is an impressive property development in a desirable neighbourhood with tremendous Atlantic Ocean views on the South Shore in Bermuda,” said Major Barrett St Vincent Dill, general manager of BHC.

While originally built as a multi-family housing investment, it is now considered a condominium property.

The Government said it was flexible “in terms of approach and will work to ensure appropriate further development”.

Major Dill added: “Investors and potential buyers are being offered the best in Bermudian style and traditions with a property that features a variety of local flora and units with panoramic views of the water and gardens. With access to acres of park grounds and a beautiful, secluded beach, the location is perfect for outdoor living and nature enthusiasts and for accessing the rest of the island.”

The development consists of 98 units in total, either three- or two-bedroom, each with their own parking bay.

Responses should be delivered to the Bermuda Housing Corporation no later than 4pm on Friday, June 24.

The RFP information pack is available at www.bhc.bm and https://www.gov.bm/procurement-notices