1 Jul 2025
Davis Family Office, Ltd.'s largest development to date, Ivory Plaza at Carmichael Road West, achieves substantial completion with 85% occupancy.
Nassau, The Bahamas (01 July 2025) Davis Family Office, Ltd. (‘DFO’ or ‘the Company’) is pleased to announce the substantial completion of Phase I of Ivory Plaza at Carmichael Road West, the largest development ever undertaken by the Company and its principals. This milestone reflects a significant achievement in the project’s progression and in DFO’s continued expansion in the Bahamian commercial real estate sector.
Following revisions to the project plan, Phase I now comprises 18,300 square feet of premium commercial rental space, situated at the high-traffic intersection of Carmichael and Plainfield Roads. The project was executed in collaboration with Davis Heavy Metal, the Company’s in-house development affiliate, whose expertise ensured a high standard of construction and delivery.
The development has already reached 85% occupancy, with a diverse lineup of confirmed tenants, including Tropical Gyros, Paradise Games, Bella Beauty and Shoprite Supermarket, an affiliate of Phoenix and ABBA Supermarkets. The complex also houses a variety of newly established businesses offering a wide range of goods and services—from a medical clinic, pharmacy and beauty salon to a dry cleaner, clothing retailer and specialty restaurant.
“This is a meaningful step forward for our Company,” said Thavon T. Davis, President and CEO of Davis Family Office. “We are proud of the quality of execution achieved to date and encouraged by the strength of market demand. The early tenant mix reflects the caliber of development we envisioned, and we look forward to completing the lease-up with similarly aligned businesses that compliment the surrounding community it serves.”
Ivory Plaza at Carmichael Road West is the fourth installment of the Company’s signature Ivory Plaza brand, joining existing locations on Joe Farrington, Robinson and Yamacraw Hill Roads.
The development features prominent street frontage, expansive on-site parking and flexible unit layouts designed to support a range of retail, food and beverage and service-based uses. A limited number of units remain available for lease, presenting a unique opportunity for businesses seeking to establish a presence in one of Nassau’s fastest growing commercial corridors.
Phase II of the development remains in planning, with further updates to be shared in due course.
For leasing inquiries or to learn more about the Company, its developments and available listings, visit www.davisfamilyoffice.ltd, call +1 (242) 806-4966 or email leasing@davisfamilyoffice.ltd.
