National
Sterling Global Financial Breaks Ground
ABACO, BAHAMAS – The Sterling Global Financial Group continuing to make multi-million dollar investments and more are on the way.
NASSAU, BAHAMAS – The Sterling Global Financial Group continuing to make multi-million dollar investments and more are on the way. The announcement being made by the group’s executive chairman who made the comments during a groundbreaking ceremony at Hurricane Hole, Thursday morning.
Executive Chairman of Sterling Global Financial, David Kosoy, gives an update on the continued development of the $250 million project.
Hurricane Hole at Paradise Landing was developed to be a super yacht marina with luxury condominiums on site. Today, they added another retailer to the project during a ground breaking ceremony for Sawyer’s Fresh Market.
As it relates to expanding Sterling’s portfolio, Sterling Global has also taken over management and development of Schooner Bay resort on the island of Abaco.
Kosoy says plans are looking “good” for the development.
Montage Cay, a private island off of Abaco, also in the hands of the development company. According to the company’s website, the property will include a 46-slip marina, food and beverage options, tennis courts and more.
Kosoy says so far, there has been a lot of pre-sales. He adds that this a $300 million investment.
The target completion date for the hotel is November 2024.
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