A seasoned real estate professional is suggesting that owners of unoccupied properties in Bridgetown convert them into housing that would attract middle-income earners.This suggestion has come from Real Estate Broker Arthur Ramsay, Managing Director of Ramsay Real Estate, who lauded the Mia Mottley administration for its plans to transform the old seven-storey Treasury Building into a residential facility.Government has earmarked the now-decommissioned Treasury Building that once housed the Treasury Department, the Central Bank, Inland Revenue Department and then the Barbados Revenue Authority (BRA), for housing development that would see studio and two-bedroom apartments on the upper floors and commercial entities on the ground floor.As part of its broad plan to redevelop Bridgetown, Government has also been developing housing areas on the outskirts of The City, with the latest being the high-rise housing development at Whitepark Road.Ramsay, who has some 28 years’ experience in various aspects of real estate planning and development, told Barbados TODAY this move was critical to breathe life into the City.At the same time, however, he has proposed that owners of buildings in Broad Street and other areas of Bridgetown that were finding it difficult to get them rented should convert them into housing.
