Golfer Greg Norman Plans $1B Mixed-Use Project

MIAMI—The South Ocean Resort, a 385-acre development site on the southwestern coast of New Providence, The Bahamas, is up for grabs. Generally considered to be the most important remaining tracts of land in the Bahamas, the development of the South Ocean property calls for a $1 billion mixed-use project that will include hotels, a casino, residential enclaves, a marina, and retail components.  

CBRE representing the seller. The firm reports it is actively fielding inquiries from hotel, development and investment groups based in the United States, Asia, Europe, the Middle East, and Australia. Famed golfer Greg Norman is the mastermind behind the project.