Paradise Island Towers (1963)

For the Bank Building & Equipment Corporation’s first venture into cooperative housing, they designed and built the Paradise Island Towers, a cooperative apartment building completed in 1963. Situated on 400 feet of Ciega Bay frontage, the eleven-story building was constructed for an estimated $3.5 million.

Construction financing was provided by the Federal Housing Authority (FHA project 067-381) and construction performed by the Bank Building & Equipment Corporation.

The company with a distinguished reputation for highly efficient modern design appointed William F. Cann as lead architect for the new building type for the company. In true design/build style, the company decorated and furnished the entire building of 150 one and two-bedroom units. Amenities for Paradise Island Towers included a heated swimming pool, underground parking, private boat marina, community meeting rooms, and central air conditioning. Today units sell for between $156,000 (1 bdrm) and $350,000 (2 bdrm, 2 bath) and the amenities are maintained.