RECENT NEWS ITEM FROM BERMUDA GAZETTE.
Plans to turn the Grand Atlantic housing project into the Bermudiana Beach Resort have been resurrected.
The Bermuda Housing Corporation has announced that it has completed its selection process and selected MacLellan and Associates again to move forward with the project, according to a spokeswoman for the Ministry of Public Works.
The spokeswoman said: "The decision to select the Bermudiana Beach Resort team, led by resort specialist Robert MacLellan of MacLellan & Associates, was made following the due diligence period as the proposed condominium hotel development was seen to provide the best value for money and was most closely aligned with the Government's goals for increasing tourism accommodations.
"MacLellan & Associates' business plan has been modified to produce a greater financial benefit for the Bermuda Housing Corporation in a joint venture and allows for more cost-efficient project financing.
The new RFP specified that development of the site would only begin after September 1 so it would not disrupt the property's use during the America's Cup.
"The resort operation and marketing will be supported by an international boutique hotel brand. Final negotiations are ongoing with two interested companies and a final selection will be made this month.