Media Release: RBC Wealth Management opens in Camana Bay Town Centre

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Dart Real Estate and RBC Wealth Management announced today that RBC Dominion Securities and RBC Private Banking have joined the thriving financial scene in Camana Bay with the opening of their new corporate premises, which includes an ATM, on Forum Lane.

“Our team is very pleased to welcome RBC to the community of over 120 businesses that are based in Camana Bay,” said Jennifer Ebanks, Dart’s Senior Manager, Business Development. “RBC represents the type of world-class financial services firms choosing to operate here.”

The new RBC wealth management office brings with it approximately 30 employees and is the third bank to have a 24/7 ATM in Camana Bay’s Town Centre, joining Cayman National and Scotiabank.

“We are incredibly proud to become part of the Camana Bay community,” said Andrew McCartney, managing director, RBC Dominion Securities. “This investment in a new state-of-the-art office in one of the region’s leading financial and commercial hubs reinforces our commitment to the Cayman Islands. Camana Bay is uniquely positioned as the preeminent home for high-net-worth businesses and we are excited about what the future holds, both for RBC, and the wider Camana Bay community.”

McCartney says that the new location also provides a world-class employee experience given the broad range of quality amenities at Camana Bay. The move also puts the bank closer to many of its partners and clients. “Now we can be even closer to the service providers with whom we work to help deliver the world-class service our clients have come to expect. In fact, many of our Family Office clients now happen to be our neighbours at Camana Bay!”

McCartney also said that by co-locating RBC Dominion Securities and Private Banking they have created a one-stop shop to serve their client’s wealth management needs, underscoring their continued investment in the Cayman Islands.

According to Ebanks, Camana Bay has become a thriving financial hub with more than 2,500 people working there daily. “We’re excited to see our community of financial services tenants grow with the addition of RBC, and look forward to our shared success.”

Camana Bay welcomes RBC during its current growth period, which includes the recent expansion of Cayman International School, the opening of Foster’s new 60,000-square-foot location and its first for-sale residential offering, OLEA, now under construction.

About Dart Real Estate

Dart Real Estate is a development company based on Grand Cayman in the Cayman Islands, a British Overseas Territory.

The company’s flagship development is the 685-acre mixed-use, master-planned town of Camana Bay, the Caribbean’s first and only community founded on the principles of New Urbanism.

Dart Real Estate’s portfolio continues to grow with the addition of world-class Seven Mile Beach developments, including the LEED® Silver-certified Kimpton Seafire Resort + Spa, The Residences at Seafire, The Ritz-Carlton, Grand Cayman, an upcoming five-star resort and residences, and Paradise Villas on Little Cayman.

Dart Real Estate also manages Regatta Office Park, Flagship Building, Island Plaza and the Cayman Islands Yacht Club. It developed the residential neighbourhoods of North Creek and Salt Creek. In addition, the 26-acre Dart Nursery propagates and supplies native plants and trees for all of its developments and properties.

Dart Real Estate strives to enhance the quality of life and to create opportunities for all in the Cayman Islands through purposeful placemaking, meaningful connections and lasting experiences that transcend bricks and mortar.

For more information, visit dartrealestate.com and keep up with the latest developments on Linkedin, and Twitter.

About RBC

For 50 years, RBC Dominion Securities has helped individuals, families, businesses, charitable foundations, and other organisations in the Cayman Islands and beyond build on, and preserve, their wealth through sound financial planning, trusted investment advice, and unparalleled wealth management solutions.

Building on a 120-year history around the world, with over 400,000 clients globally, and more than C$402 billion in assets under care, RBC Dominion Securities is one of the world’s leading full-service investment and wealth management firms.

RBC Royal Bank is the proud recipient of Global Finance magazine’s 2020 Best Private Bank (North America) Award. The publication also gave RBC its top accolades in the Caribbean, specifically, Best Private Bank, Best Private Bank for Entrepreneurs, and Best Private Bank for Families.

For more information click here.

About Camana Bay

A destination within a destination, Camana Bay is a vibrant town located in the heart of Grand Cayman in the Cayman Islands, a British Overseas Territory.

Situated on 685 acres between Seven Mile Beach and the North Sound, this mixed-use master-planned community is one of the first examples of New Urbanism in the Caribbean.

Developed by Dart Real Estate, Camana Bay offers more than 650,000 square feet of commercial office and retail space as well as 63 luxury apartments available for long-term lease, and condos, townhomes and duplexes at OLEA, Camana Bay’s first for-sale residential project. The town also offers public spaces for all to enjoy, world-class shopping and dining, as well as family-friendly entertainment, events and attractions.

For more information, visit camanabay.com and keep up with the latest developments on Facebook and follow us on Instagram.

The Terraces at Camana Bay

Cayman Islands homes that support your wellness lifestyle

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By Andrea Lumsden

As the new year unfolds, many 2020 resolutions and intentions are put to the test. For many, improved health and overall wellness sit at the top of the list but are perhaps the most challenging to achieve and maintain. New gym memberships, plant-based cookbooks and spiritual podcasts are excellent aids on the wellness journey, but perhaps a less obvious yet longer-term solution is where you choose to live.

Part of our vision at Dart Real Estate is to create places where people are inspired to live their best lives. Camana Bay is one such place.

Camana Bay: The Terraces (long-term rentals)

Designed and built on the core principles of New Urbanism, Camana Bay offers a unique wellness lifestyle with its walkability, connectivity, green spaces and many leisure activities.

Within the mixed-use community, sits The Terraces—a collection of 63 luxury rentals with views of the North Sound and direct access to the vibrant heart of the Town Centre.

Available for immediate occupancy are a handful of these pet-friendly and elegantly furnished one- and two-bedroom homes, each appointed with a private balcony, luxury linens and state-of-the-art electronics. Amenities at The Terraces include two swimming pools, a pedestrian footpath to Seven Mile Beach, 24-hour security, underground parking and convenient access to the many shops, restaurants, offices, entertainment and wellness options in Camana Bay’s Town Centre.

Always in high demand, The Terraces are perfect for anyone who wants the convenience of an urban lifestyle and the benefits of relaxed, Caribbean living. For floor plans, pricing or to schedule a tour, contact the The Terraces Leasing team today.

Camana Bay: OLEA (for-sale residential)

Just south of The Terraces is another Camana Bay residential option—OLEA, a waterfront neighbourhood of for-sale duplexes, townhomes and condos. With pre-sales and construction well under way, OLEA will boast the Cayman Islands’ first lazy river along with health-inspiring amenities such as a fully equipped gym, an outdoor yoga area, a resort-style pool, pedestrian footpaths and access to biking and jogging trails that lead to the Town Centre and Seven Mile Beach.

Sustainability, architectural integrity and green design are a key part of the development and, in addition to channelling cool breezes, each home will feature solar panels along with energy-efficient solutions such as LED lighting and water-conserving plumbing fixtures. Phase 1 is scheduled to be completed in August 2020. Stop by the Sales & Presentation Centre on Market Street in Camana Bay, Monday-Friday 12-5 p.m. or email [email protected] to schedule an appointment.

The Residences at Seafire (for-sale residential, with optional rental programme)

Kimpton Seafire Resort + Spa

Not far from Camana Bay is another gem developed by Dart Real Estate: The Residences at Seafire, located directly on Seven Mile Beach and offering the ultimate wellness lifestyle with its luxury resort living.

Residents can enjoy direct access to all the amenities of Kimpton Seafire Resort + Spa, including numerous beach activities, a 12,000+ square-foot spa and fitness facility with seven treatment rooms, a hammam and a garden soaking pool. A private owners’ rooftop terrace, which happens to be the highest point in Grand Cayman, is the perfect place to relax the mind, body and soul. Owners can also take advantage of several dining options or call on the services of a Seafire chef for deliciously nourishing meals. Learn more about which residences are currently available for sale by contacting [email protected]

For more information about Dart Real Estate’s vision to create places where people want to be, or to learn more about our current for-sale or for-lease residences, email [email protected].

About the author

Andrea Lumsden has worked with Dart since 2013 and has been writing professionally since 2003. Graduating from University of Central Florida with a BA in Communication, Andrea has worked with clients across a range of industries, including financial services and real estate. Raised in Cayman by Costa Rican parents, she’s a New Yorker at heart who enjoys reading and travelling with her husband and three children.

Spotlight on: Foster’s Camana Bay

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By Alanna Warwick-Smith

On 31 October 2019, the Camana Bay Town Centre welcomed a new tenant, Foster’s, to Solaris Avenue.  Spanning 60,000 square feet and home to an in-store pharmacy, café and hundreds of thousands of items, Foster’s Camana Bay is the new flagship store of the supermarket chain.

Foster’s, formerly Foster’s Food Fair, is a household name in the Cayman Islands. The supermarket started with humble beginnings in 1980 at its location close to Owen Roberts International Airport, with fewer than 6,000 square feet and 25 employees (source). Almost 39 years later, the supermarket mainstay has grown from strength to strength and maintained the at-home comforts and familiarity instilled by family patriarch David Foster.

Dart Real Estate (DRE) recently had the opportunity to talk family, future and food with Foster’s Marketing Senior Manager Julian Foster (JF).

DRE: Family sits at the heart of the Foster’s brand. As we near Christmas, how does your family celebrate the holiday season?

JF: Together, of course! Even though we spend each and every day together running the business, we still gather on Christmas as a group, share stories, laugh and eat!

DRE: What do you think has been the most enjoyed change, by employees and patrons, following the move of the Foster’s flagship store to Camana Bay?  

JF: The fact that we have so much space really allows us to expand our products and offerings. People love the new floral department, the expanded speciality ranges, Bay Market Café and the seating areas. We get told often that stepping into Foster’s Camana Bay gives you an experience unlike any other in Cayman. That’s thanks to the space, but it’s coupled with our team’s dedication to providing service that makes you smile. And the great part is, you get that same service no matter which of our stores you’re in.

DRE: How was the process of building your latest store to your specs and requirements?

JF: It was an amazing process. We’d been in discussions with Dart for about 10 years, so going from concept, to design, to build, to product placement and customer experience was exciting all the way through. The entire team came together on this one, and really showed their care for our brand, the customers and the end result. Foster’s Camana Bay wouldn’t be what it is without the incredible [people] who helped make it happen.

DRE: What should patrons expect as Foster’s makes its way into its 39th year of serving the Cayman Islands?

JF: Can you believe it’s been 39 years? It’s so humbling to look back at where we started, with 25 employees compared to today as we hit the 700 mark. We’ve always been dedicated to providing quality, affordable groceries and we’re going to continue to do that – for everyone on island. No matter what your shopping preferences, your diet, et cetera, we’re working to expand our offerings so that you can find everything you need and everything you want, affordably.

DRE: Anything else you think people would like to know?

JF: Our 2020 Foster’s calendar (which is available for free in store now) focuses on the fact that food is more than nourishment. It bridges gaps, unifies divides, and sends a message of love and acceptance and coincidentally tastes great, too. As you walk into Foster’s Camana Bay, you’ll see the photos on the wall of people from different cultures making and interacting with food. Food has the power to inspire and connect us with people and places we never thought we’d experience, and we’re so grateful for all of our customers who inspire us daily.

Foster’s Camana Bay is located on Solaris Avenue in Camana Bay and is open from Monday to Saturday from 7 a.m. to 11 p.m.

About the author

Alanna Warwick-Smith is a Marketing Coordinator supporting the real estate marketing team for Dart. Alanna has worked in Dart’s flagship development of Camana Bay for the past seven years, when she began her career working at the town’s bookstore, Books & Books. A lover of the written word, Alanna reads and writes poetry in her spare time, and has written content for a range of platforms in the past, including her own blog and Camana Bay Times.

Grand Cayman Magazine: The Cayman Islands: Blooming and booming

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Everyone should experience love at least once in their lifetime.

Love can take on many forms, such as love for a partner, newborn baby, family pet . . . and even love for a nation. As the British poet Lord Byron once said, “He who loves not his country, can love nothing.”

Currently, the Cayman Islands is at a unique period in its history — you could even say it’s experiencing a “renaissance.”

For decades, Grand Cayman has been known as a top tourist destination and leading global offshore financial center, but now new sectors of the economy are helping to define and grow the island on a world-class scale, in areas such as education, technology, and healthcare (including wellness and medical tourism).

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Real Life: Dart Realty (Cayman) expands their property portfolio

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Dart Realty (Cayman) Ltd. has announced the purchase of Grand Cayman’s Courtyard Marriott hotel and surrounding properties, including the Cayman Islands Yacht Club. While much of the land is interior, it has frontage on Seven Mile Beach and the North Sound. Dart Realty is committed to redeveloping the hotel and while the existing footprint will be used, the new property will benefit from Dart Realty’s dedication to quality and innovation.

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Watch this Space: readyspaces

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Have you been to see readyspaces yet? These private offices offering access to shared workspaces and networking opportunities are located in Regatta Office Park on the Seven Mile Beach corridor.

The ability to set up an office instantly allows working professionals to get out of their home and into a professional space with other entrepreneurs and business people, and also allows overseas companies to efficiently establish a commercial presence in the Cayman Islands.

Fully furnished spaces range from around 100 to 300 square feet in size, with a chic and colourful fit-out to complement the Caribbean sunshine, ensuring there are no dreary workdays. The design and layout of the offices and common spaces ensures maximum exposure to natural light and offers plenty of think spaces and gathering hubs, equipped with white boards and seating.

Access to copy and printing facilities and a shared kitchen with regularly refreshed stock of tea and coffee make it easier than ever to move in and call readyspaces home. Those licensing a space can also book conference rooms to host meetings or visiting guests, with fully connected technology and high-speed Internet available throughout readyspaces.

A full-time receptionist, secure electronic fob access and security personnel mean that everything is taken care of so all you need to do is show up and check off your to-do list.

The location of Regatta Office Park in the heart of the Seven Mile Beach corridor is ideal for easy access to restaurants, shops, and sandy shores right after work or on your lunch break. Just a 10-minute drive from Grand Cayman’s capital of George Town and the Owen Roberts International Airport makes business travel and on-island meetings a breeze.

With spaces available starting at just US$1,500 a month, there is no better time to check out readyspaces than right now.

Click here to view a floorplan of available spaces, or here to contact the team to book a tour or enquire about spaces today.

 

Cayman Compass: Cayman remains top offshore M&A jurisdiction

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In the first half of 2019, the Cayman Islands was ranked the busiest offshore jurisdiction for mergers and acquisitions. Law firm Appleby confirmed that 38% of transactions and 42% of the jurisdiction’s total deal value were completed in the Cayman Islands, further confirming the stability and security of the business community here. In this Cayman Compass article reported by Michael Klein, the activity of 2019’s first six months is explored and broken down. Read more and then contact us to help you with finding your business’s next home.

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Cayman Compass: Eco-friendly elements impacting Cayman construction

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By Mark Muckenfuss

As lush and verdant as it already is, Cayman is steadily becoming greener.

Several recent and pending projects point to an increased effort towards and demand for ecologically friendly elements to be incorporated into new homes and apartments.

Solar panels and low-energy LED lights have become fairly common home features on the island, but some newer developments are including such energy-saving elements as increased insulation, recycled materials, sustainable woods, battery storage of solar-generated electricity and geothermal cooling. One development is promoting itself as a self-sustained community.

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