As the Indian Ocean stretches beyond the horizon, ICC Port City (Pvt) Ltd officially broke ground on Bay One Residences on 22nd January 2026, marking the commencement of the first residential development within the Port City Colombo Special Economic Zone (SEZ). This milestone introduces a destination created to live, work, and unwind, offering discerning homeowners and investors the opportunity to be the first to call Port City home.
A First-Mover Advantage in the “City of the Future”
For over a decade, Port City Colombo has been a marvel of engineering, consisting of 269 hectares of land reclaimed from the sea, with the first phase of critical infrastructure now complete. It includes integrated electricity, water supply, and wastewater networks— the city is transitioning from a construction site to a fully functional urban environment designed to live, work, and unwind. Bay One Residences stands at the forefront of this transition, allowing its future occupants to claim the title of the city’s pioneer residents.
Project Overview:
As a mixed-development project, Bay One Residences is designed to harmonize luxury living with urban convenience. The development will feature:
• 17 floors of architectural excellence.
• 231 premium apartments designed for modern, high-end living.
• Retail spaces to provide immediate access to essential services and luxury shopping.
• Uninterrupted views of the Indian Ocean, taking full advantage of the city’s unique maritime location.
Built on Experience, Delivered with Purpose
The project is being developed by ICC, an organization with over 45 years of experience and a reputation as one of Sri Lanka’s most respected civil engineering firms. With a proven track record across complex, large-scale developments, ICC brings deep technical expertise and disciplined project execution to Bay One Residences. This commitment to quality and delivery is reinforced through ICC’s use of robust project management practices, modern construction methodologies, and environmentally responsible building practices – ensuring that Bay One Residences is built to last while aligning with Port City’s long-term vision for sustainability and high-quality urban development.
Look Beyond the Horizon — Sea Beyond at Port City Colombo
Bay One Residences introduces residents to the Island Living precinct, where ocean views, open skies, and a calm coastal rhythm define everyday life. Here, every day feels like a staycation, with sand and sea just steps away.
Located within a globally connected SEZ, Port City allows 100% foreign ownership and unrestricted foreign exchange transactions, positioning Bay One as both a lifestyle destination and a strategic investment.
By choosing Bay One Residences, homeowners are not merely purchasing a residence – they are securing a place in a city projected to host 273,000 residents and generate 143,000 new jobs. As the first residential development in Port City Colombo, Bay One Residences invites you to look beyond the horizon – and Sea Beyond.
