The $12 million South Ocean Palms (SOP) division is nearly 40 percent complete, and construction of the first model home will be finished by year's end.
The development's Chief Financial Officer Shelley Darville, revealed to Guardian Business that all of the underground utilities and road works have been completed on the five-acre subdivision in the southwestern end of New Providence.
"The underground utilities are completed with only the custom transformers to be erected. The security gatehouse is now in progress with the front wall and landscaping will be completed later this year," she explained.
The development's solar-powered lighting is scheduled to be completed within the next month.
Darville confirmed that the construction of a single-story model home will begin in July and be completed in December.
"Before year's end, a recreational lot with a tennis/basketball court and other recreational equipment will be done, and the clubhouse with swimming pool, weight room, lounge, office/gift shop are just a few on list of amenities that will be completed," according to Darville.
She said approximately $2 million has been invested so far in the development.
The 13-home development will feature green products such as solar powered streetlights, energy star appliances and range in price from $460,000 to $778,785.
"A 'green' home uses less energy, water and natural resources, and creates less waste and is healthier and more comfortable for its occupants," she shared.
To date, four lots have been sold. There are seven models to choose from, including a one story home with three bedroom and 2.5 bath, or a two-story resident with four bedrooms and 3.5 baths.
All houses are "luxurious", turn-key and outfitted with laundry and a garage.
Once a model is chosen, depending on the size of the home it can take either six or nine months to construct.
"Simply put, you'll have a fabulous Lyford Cay or Ocean Club Estate Turnkey Home in six or nine months (single or two-story), but without the exorbitant price, incorporating the latest technology," she noted.
Contemporary Builders is SOP's exclusive builder and is known to have built green homes in Ocean Club Estates, Lyford Cay, Port New Providence, Charlottville and Westridge.
"Partnering with Debby Deal (the project manager) of Contemporary Builders was the perfect fit. She has more than 20 years experience in building and has built a number of green homes. Her company already constructed a number of comfortable, durable environmentally friendly homes. I am impressed with her work and energy, so the development is in great hands," Darville added.

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