Treasure Cay Redevelopment: A Bold Vision for the Future of Abaco

Treasure Cay, a cherished gem in the Abacos, is set to undergo a remarkable transformation. In the aftermath of Hurricane Dorian’s devastation, the Government of The Bahamas has reaffirmed its commitment to rebuilding and revitalizing the region. With the signing of a $177 million Heads of Agreement with GreenPointe Holdings LLC, Treasure Cay is poised to rise again—this time as a world-class luxury destination.

A New Chapter for Treasure Cay

The signing ceremony, held on September 11, 2024, marked a historic moment in Abaco's recovery journey. Prime Minister Philip Davis underscored the significance of this redevelopment project:

"The GreenPointe Redevelopment of Treasure Cay marks a new chapter in Abaco's recovery. This project will not only restore Treasure Cay to its former glory but will elevate it to an even higher standard, creating sustainable growth and new opportunities for the people of Abaco."

Led by GreenPointe Holdings CEO Edward Burr, the redevelopment plan promises to blend modern luxury with the island’s natural beauty. The project aims to create a sustainable future for Abaco by fostering growth in tourism, hospitality, and retail sectors.

Phase 1: Restoring and Enhancing Treasure Cay

The first phase of the redevelopment will focus on restoring critical infrastructure and introducing new features designed to benefit both residents and visitors:

• Revamped Marina and Harbour: Restoring Treasure Cay’s status as a premier boating destination.

• Luxury Hotel and Residential Units: Offering world-class accommodations and housing options.

• Essential Services: Construction of a grocery store and other key amenities to support the community.

  
  

These upgrades are expected to attract tourists and provide local residents with enhanced services, creating a more vibrant and accessible Treasure Cay.

Economic Opportunities for the Abacos

The redevelopment project is more than just a restoration—it’s a catalyst for economic revival. The initiative is expected to generate significant employment opportunities across construction, hospitality, and retail. Prime Minister Davis highlighted GreenPointe’s commitment to prioritizing Bahamian workers and offering training programs to reduce reliance on foreign labor.

This focus on local engagement ensures that the project contributes not only to Abaco’s economy but also to its sense of community.

Commitment to Environmental Sustainability

Preserving Abaco’s natural beauty is at the heart of the Treasure Cay redevelopment. GreenPointe Holdings has pledged to align all development efforts with sustainable practices, safeguarding the island’s ecosystems for future generations.

By prioritizing environmental sustainability, the project ensures that Treasure Cay remains a haven for both people and wildlife.

A Bright Future for Treasure Cay

The redevelopment of Treasure Cay is more than a construction project—it’s a symbol of resilience, hope, and opportunity for the Bahamas. In addition to its economic and environmental benefits, the project creates opportunities for Bahamian investors to participate in shaping the island’s future.

"This project is not just about international investment; it’s about giving Bahamians a stake in the future of their country," said Prime Minister Davis.

Treasure Cay’s revival is a testament to the strength and vision of the Bahamian people. With modern facilities, sustainable practices, and a focus on local growth, this redevelopment project will restore Treasure Cay as a symbol of Bahamian beauty and opportunity.

Stay tuned as Treasure Cay takes its first steps toward becoming a world-class luxury destination. The future is bright, and Treasure Cay is ready to shine once more.

Contact us at TreasureCayGetaway@Gmail.Com