[xml][/xml]
The Bahamas Weekly Facebook The Bahamas Weekly Twitter
News : Grand Bahama Last Updated: Feb 13, 2017 - 1:45:37 AM


Grand Bahama's Stoned Crab Restaurant to Reopen in 2016
Jun 19, 2015 - 3:36:13 PM

Email this article
 Mobile friendly page
Stoned-Crab.jpg
(Photos by David Mackey - Mackey Media Ltd/TheBahamasWeekly.com)

Freeport, Grand Bahama Island - Grand Bahama landmark, the stoned Crab Restaurant at Taino Beach has been acquired by a new owner who vows to restore the historical site to it's original glory.

In December of last year, the Stoned Crab Restaurant property was purchased by The Stoned Crab Restaurant Limited, a resident Bahamian company, after having received all Governmental and regulatory approvals.

All of the issued shares of The Stoned Crab Restaurant Limited are beneficially owned by Mrs. Olivia Tina Pagés. Olivia has been a frequent visitor to The Bahamas since she was 3 years old. In July of 2011, she purchased a home in Fortune Cay Subdivision.

The estimated capital investment in respect of the acquisition of the property and the renovation of the dilapidated structure is US$2.4 million. It is estimated that the renovation will be completed and the restaurant open for business during the first quarter of next year.

It is estimated that 20 Bahamians will be employed in connection with the renovation (inclusive of sub-contractors) and 25 Bahamians will be employed full time during the first year of operation of the restaurant.

The former Stoned Crab Restaurant was well known both locally and internationally and Olivia will endeavour to restore it to its former glory. The original façade of the building and the distinctive shape of the roof will be restored.

The deal was signed that the office of Attorney Brenford Alexander Verdant Christie of McKinney, Bancroft & Hughes. Also present was Bruce Silvera of Frecon Construction Ltd, the builders of the original restaurant and the company chosen to do the restoration.

MORE PHOTOS on FACEBOOK

Bookmark and Share




© Copyright 2015 by thebahamasweekly.com

Top of Page

Receive our Top Stories



Preview | Powered by CommandBlast

Grand Bahama
Latest Headlines
GBPA Announces Six Senses GB Hotel, Villas & More
GBDRF & SBP Bahamas jointly donate $450,000 to launch new home repair program for Grand Bahama Island
GBPA Launch Freeport Business Portal
The Grand Bahama Port Authority’s GB Ambassador program enables global understanding of Freeport’s rich offerings
Dr. Hamid Seyfi departing Grand Bahama