President’s Update: October 3, 2017

October 3, 2017Blog, President's Update
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An airy supermarket proposed. Luxury residences opening. Office construction winding up. Otherworldly trees rooting. New parking coming. There’s no shortage of anticipation this month as we near completion on major construction projects and look towards the near and long term future of Cayman Islands Real Estate.

CAMANA BAY IS FUTURE HOME OF FOSTER’S FOOD FAIR IGA

We are excited to share that a planning application has been submitted to build a 60,000 square foot supermarket, to be leased by Foster’s Food Fair IGA at Camana Bay. Located on the northern end of the property by Bismarckia Way, this application also includes a four-level parking structure and a 50-foot wide pedestrian walkway (rendering pictured below), which will connect this new development block to the rest of the Town Centre. Click here to see our official media release.

A 50-foot wide pedestrian promenade connects Fosters IGA to the Camana Bay Town Centre

THE RESIDENCES AT SEAFIRE COUNTDOWN

The weeks ahead promise exciting beginnings with the official opening of The Residences at Seafire. This week interior designer Martyn Lawrence Bullard is on-site perfecting the finishing touches of the residential lobby and The Nest – an exclusive 3,500 square foot rooftop terrace. Owners are set to move in within the next month. For more information about purchasing your home at The Residences, contact sales@seafireresidencescayman.com.

Seafire Lobby Sign
ONE NEXUS WAY NEARING COMPLETION 

The temporary fencing at One Nexus Way has been removed, a first sign that we are wrapping up construction at our newest commercial building. One Nexus Way offers energy efficient and flexible retail, office and restaurant space and is one of the most eco-friendly commercial buildings in the Caribbean; on track to achieve LEED® Gold certification. Available spaces range from 2,000 square feet to full floor. To learn more, contact Vice President of Leasing Daniel Purdy at Daniel.Purdy@dartrealestate.com.

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GRAND TREES FOR A GRAND CAMANA BAY ENTRANCE

The Camana Bay South Roundabout, the “front door” to Camana Bay from George Town is nearing completion. Recent landscape works include the addition of three baobab trees. Distinguished by their large swollen trunks baobab trees appear somewhat mystical since they are normally leafless and their roots appear to grow from the top. Joining them in the roundabout are birch trees, which are known as Cayman Island’s tourist tree since their trunks get red and peel, much like a sunburned tourist. This roundabout is scheduled to open in October, along with the northbound lanes of the Esterley Tibbetts Highway and a new road to Cayman International School.

Trees at Roundabout

ADDITIONAL PARKING COMING SOON

Construction of two new surface parking areas off Emeritus Drive will soon begin. The lots will occupy on either side of the Rise, near Regal Cinemas, Books & Books and the Cayman MAC Store. The lots will add parking for tenants in 18 Forum Lane and the Jasmine and Gardenia Court area as well as extra parking for visitors. Both lots are expected to be completed by the end of 2017, just in time for the busy holiday season.

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