Nassau, Bahamas - Ground is set to be broken on a $20 million, three-storey oceanfront condominium community on West Bay Street, according to an appointed real estate agent who called the development "one of the most exciting to be announced in recent years because of its extraordinary location."

Ryan Knowles, a top-selling agent with Mario Carey Realty, said Ocean Cliff Villas will include 24 three-bedroom, 3-bath residences with pre-construction prices from $599,000-$799,000...