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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Cayman Compass: Foster’s opens Camana Bay location

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By Alvaro Serey

Foster’s opened its new 60,000 square foot supermarket in Camana Bay on 31 Oct. at 10:30am. The supermarket operator broke ground on what will be its largest location in May 2018.

In a press release, Foster’s announced the Camana Bay store will feature expanded grocery, dairy, frozen, health and beauty, meat, seafood and produce departments with a larger selection of vegan and vegetarian products. Customers will also be able to shop from bulk food tables featuring nearly 100 package-free food items.

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Cayman Compass: Foster’s Camana Bay to open on 31 Oct

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By Michael Klein

Foster’s is opening its new 60,000 square foot supermarket in Camana Bay on 31 Oct. at 10:30am. The supermarket operator broke ground on what will be its largest location in May 2018.

In a press release, Foster’s announced the Camana Bay store will feature expanded grocery, dairy, frozen, health and beauty, meat, seafood and produce departments with a larger selection of vegan and vegetarian products. Customers will also be able to shop from bulk food tables featuring nearly 100 package-free food items.

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7 ways readyspaces is ready for you

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So what exactly is readyspaces? Our newest product offers – as its name implies – shared office spaces that are ready for you, now. Offering an easy and quick way of establishing an office presence – whether for global businesses looking to set up an office in the Cayman Islands or for local working professionals desiring a space of their own – readyspaces is the perfect solution for a range of business needs. Read on as we break down the seven ways readyspaces is the solution for your business.

  1. We’re flexible: readyspaces are flexible, offering flexible month-to-month terms – this means agile, smarter working, and the ability for your office space to grow along with your business.
  2. We have fully serviced amenities: Whether it’s a shared kitchen space with the coffee always on, access to shared copier/printing facilities, open thinkspaces with white boards to get creative, or business necessities such as high-quality furniture, telephone and high-speed WiFi connections, and access to high-tech meeting rooms, we have it. readyspaces has a full-time receptionist, secure electronic fob access, and round-the-clock security so you can remain focused on one thing: your work.
  3. We make it easy to do business: Whether you are new to the Cayman Islands or you want a professional space in which to do your work, our office spaces are waiting! We take the headache out of setting up an office, for those coming from overseas or from right here on Grand Cayman.
  4. We have a range of spaces: We have regular and premium units in a range of sizes. Contact our Leasing team to find the unit to suit your needs.
  5. We designed the space with productivity in mind: The modern and urban office design, fitted out by local provider Workspace Environments, offers a functional and spacious layout with plenty of natural light and pops of bright orange, a colour known for increasing positivity, energy and – most importantly – attention spans!
  6. We offer collaborative workspaces: Mingle with your clients, coworkers and other businesspeople in the collaboration zones throughout readyspaces.
  7. We make it easy to do everything online: You can manage your entire account online, providing ease and convenience rather than adding more tasks to your to-do list.

And, of course, most importantly, readyspaces is ready for you – now. Find out more by visiting readyspaces.ky or clicking here to contact the team. Follow readyspaces on LinkedIn and Facebook.

Media Release: Dart Real Estate introduces readyspaces to the Grand Cayman commercial real estate market, making it easier than ever to do business in the Cayman Islands

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Flexible, turnkey office spaces on Grand Cayman are ready for immediate occupancy

The number of companies conducting business in the Cayman Islands has risen based on new company registrations (source) and with that will come an increased demand for quality and affordable office space.

According to the Global Complexity Index, the Cayman Islands’ tax neutrality, stable and thriving economy, and sophisticated infrastructure are just some of the benefits that have earned it the title of ‘the world’s easiest place to do business.’ For business leaders looking to establish a physical presence on Grand Cayman, Dart Real Estate’s newest commercial real estate offering, readyspaces, offers the convenience of fully fit-out, shared office spaces, making establishing a business presence on the island quick and effortless.

This newest endeavour by Dart Real Estate offers local and international business owners the opportunity to work in a space that is modern, flexible and move-in ready. At readyspaces, working in the easiest place in the world to do business just got even easier. Located in Regatta Office Park on West Bay Road, readyspaces is walking distance from Seven Mile Beach, a five-minute drive from Grand Cayman’s capital of George Town, 10 minutes from Owen Roberts International Airport and steps from world-class resorts and hotels, restaurants, shops and more.

“Readyspaces is a professional brand that really represents the Cayman Islands as a premier place to do business,” says Jennifer Ebanks, senior manager of business development for Dart. “With these units, we are able to provide high-quality, small office spaces to international businesses who are looking for an entry point into the Cayman Islands. Recent legislation changes require many Cayman-registered businesses to maintain a physical presence in the islands in order to attain economic substance in the jurisdiction. Readyspaces offers a turnkey option for international businesses that need to establish a presence here, and having an already fit-out space eliminates the necessity of setting up a professional environment on island from scratch.”

Local demand was also a key motivation for the development of readyspaces. Currently, the Dart Real Estate portfolio is comprised of larger tenants with long-term leases. Readyspaces offers a flexible option for small businesses that are in early growth stages or larger businesses that require a temporary spacing solution to accommodate expansion.

Conceived to be flexible, the 25 sophisticated spaces at Regatta Office Park offer professional working environments for a variety of businesses and individuals on month-to-month terms. Regardless of each venture’s unique nature, readyspaces is equipped to support optimised work with a complete range of business essentials, including  high-speed WiFi, a full-time receptionist, access to shared copier and printing facilities, shared kitchens and washrooms, access to high-tech meeting rooms, free and ample parking, a back-up generator and secure 24/7 access. Premium units boasting a more open floor plan and space for internal or client meetings are also available.

All units are fully furnished in a modern and sophisticated design, bathed in natural light with a colour scheme of oranges and neutrals that promote positivity, and extended attention spans (source). Together, these handsome and functional private units compose a vibrant environment with a buzz of business activity, making both independent work and collaboration easier than ever. A convenient online management system makes it simple and straightforward to be a part of this lively business complex.

“With a new regulatory environment and high demand from both local and international audiences, readyspaces allows Dart to meet current business needs while supporting the achievement of economic substance,” says Jackie Doak, president of business development for Dart. “These spaces provide a way to do business flexibly and efficiently in a workspace that is functional, visually appealing and convenient. We are keen on expanding this opportunity to the other commercial properties in our portfolio, including Camana Bay and downtown George Town, as demand increases.”

Business in the Cayman Islands is flourishing, and the outlook for its future is equally as bright. Readyspaces allows professionals to make the most of this exceptional business environment with spaces that accommodate current business needs while offering the adaptability to grow seamlessly into the future.

About readyspaces

Brought to market by Dart Real Estate, readyspaces provides professional working environments designed to be flexible and fit the ever-evolving needs of doing business – locally and globally.

Fully serviced professional office suites along the Seven Mile Beach corridor include 25 turnkey one- to two-person shared office spaces available on flexible occupancy terms. Located in Regatta Office Park, these collaborative workspaces are proximate to business centres, shops, hotels and restaurants, and make doing business from the Cayman Islands a breeze.

Readyspaces provides all the amenities you expect from a fully serviced office without the hassle and price tag of setting it up. Fully furnished offices, high-speed WiFi, kitchen, access to printing facilities, and conference room space, make readyspaces the perfect solution for local and international businesses who are ready to go now.

For more information, visit readyspaces.ky, or follow us on LinkedIn and Facebook.

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 Kimpton Seafire Resort + Spa, The Residences at Seafire, The Ritz-Carlton, Grand Cayman, Beach Suites, 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.

iNews: Cayman: Dart Real Estate introduces readyspaces – flexible, turnkey shared office spaces

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readyspaces, Dart Real Estate’s newest endeavour, offers local and international business owners the opportunity to work in a space that is modern, flexible and move-in ready.

Located in Regatta Office Park on West Bay Road, readyspaces is walking distance from Seven Mile Beach, a short drive from George Town and Owen Roberts International Airport and steps from world-class resorts and hotels, restaurants, shops and more.

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Watch This Space: Fifth Floor, Windward 3, Regatta Office Park

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The hallmarks of prime office space can all be found in this 9,153-square-foot top-floor office suite at Regatta Office Park: central Seven Mile Beach corridor location; ample and dedicated parking; and sweeping sea-to-Sound views reminding you of the highlights of Caribbean living, even while hard at work.

Regatta Office Park sits on 10 lushly landscaped acres in the heart of the Seven Mile Beach corridor. Offering over 127,000 square feet of office space, renting commercial space at Regatta on Grand Cayman would put you in a community of local and global businesses, including CIBC FirstCaribbean, Cayman Water Company, St. Matthew’s University and Rawlinson & Hunter. Reserved and plentiful parking make it a breeze to come and go.

Offering superb value for its location, this top-floor suite is notable for its stunning views, spanning from the North Sound canals to the east over to Seven Mile Beach to the west. If you are an early riser, or a late worker, this offers you the opportunity to take a well-deserved break from your work to enjoy the stunning sunrises and sunsets for which the Cayman Islands are known.

This fully furnished suite is move-in ready, offering an open seating plan, private lobby and shared kitchen. Additionally, the newest commercial product to hit the Seven Mile Beach corridor, readyspaces, is located on the ground floor of Windward 3. Offering shared office spaces in a variety of sizes with flexible month-to-month, fixed short-term occupancy terms, readyspaces will offer a buzz of business activity in close proximity, offering a vibrant work environment and networking opportunities. Also, Regatta Office Park’s location just five minutes from Grand Cayman’s capital of George Town, and a 10-minute drive from Owen Roberts International Airport, means that it is ideally located for international business.

Other benefits of renting at Regatta Office Park include: Grand Cayman’s only 18-hole golf course, North Sound Golf Course, just across the road; dining, shopping and hotels a short walk away; on-site property management and fibre-optic connectivity. An on-site back-up power generator, on-site security and the option for key fob access all provide peace of mind.

For more on this office suite or any of our commercial space for lease, contact our Leasing agents at [email protected] or +1.345.640.3600. Click here for more on Dart Real Estate and our properties for lease.

Arbitration Centre planned for Camana Bay

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By Alan Markoff

The Cayman Islands could soon offer a new financial service that’s a hot commodity in the legal world.

Ian Paget-Brown and his firm, Paget-Brown Chambers, plan to open the Cayman International Arbitration Centre in Camana Bay. On 2 August, the firm hosted an information session for invited guests in the legal profession.
The information session’s invitation noted that recourse to arbitration as a means of dispute resolution has been steadily growing over the past 25 years and the Cayman Islands made a clear commitment to becoming a jurisdiction supporting arbitration when it enacted the Arbitration Law 2012.

“There is a strong history of enforcement proceedings in relation to foreign awards and recent court decisions have demonstrated a trend towards broadening the types of disputes that are capable of settlement by arbitration,” the invitation noted.

“Arbitration is increasingly popular … there’s no denying that,” said Iria Giuffrida, one of the people who presented at the session. “Sophisticated clients want more control over dispute resolution.”

Giuffrida said arbitration was not only firmly anchored in the legal community, but it was also proving to be effective.

One essential requirement for the Cayman International Arbitration Centre is that it offers the type of reliable modern technology that will permit remote appearances for arbitrators, counsel and witnesses from anywhere in the world, and the visual presentation of electronic evidence during hearings.

Working with Paget-Brown on the project is the Center for Legal and Court Technology, a joint initiative of William & Mary Law School in Virginia, and the National Center for State Courts, a United States organisation that offers worldwide assistance to courts.

In addition to Giuffrida, the Center for Legal and Court Technology’s deputy director, others presenting at the information session included the Center’s director, Fredric Lederer, and its deputy director emeritus, Martin Gruen, who has vast experience in courtroom design and technology.

One of the big attractions of arbitration is confidentiality, Giuffrida said, noting that the public is increasingly being given access to all court filings — and not just initial pleadings. In cases like partnership disputes, where the partnership still intends to function, having the details of the dispute become public could damage the partnership’s reputation.

The need for international arbitration centres could increase because of Brexit, Giuffrida said.

“Brexit will have an effect on the legal market in London,” she said. “There’s a part of the market that is now looking for a hub and I think Cayman could be a great home for it.”

The time for the Cayman Islands to enter the booming arbitration market is now, she said.

“If you wait five years, your competitors will set this up.”

Paget-Brown said it was his vision to have the arbitration centre operational sometime next year.

“I think it’s an opportunity to import legal work to the Cayman Islands to the benefit of young, Caymanian lawyers,” he said. “I’m hoping it develops an industry for dispute resolution that will add to Cayman’s financial services.”

This article was originally published in the September 2019 edition of Camana Bay Times.   

About the author

Alan Markoff has worked with Dart as the editor for Camana Bay Times for three years and has been writing professionally since 1997. Born and raised in Cleveland, Ohio, Alan graduated from the State University of New York at Albany with a degree in English, and first moved to the Cayman Islands in 1982. He has 16 years of experience in the real estate industry and previously worked as a journalist for Cayman Compass before joining Dart to relaunch the Camana Bay Times monthly newspaper. An avid baseball fan, Alan loves travelling but also schedules trips back home around catching a summer game or two with his home team, Cleveland Indians.

Watch this space: Unit 4B, 38 Market Street, Camana Bay

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By Christy Whittaker

The ideal space for a retail or food and beverage operation, Unit 4B on 38 Market Street in Camana Bay is available for lease from 24 October, 2019.

This unit offers 4,254 square feet of retail or food and beverage space on Market Street across from a busy retail bank, local arts and crafts store and a business service centre.

As a food and beverage space, it will benefit from servicing the growing number of office tenants in the Town Centre, offering shaded outdoor patio seating and a rear loading bay area. The heavy footfall and vehicular traffic, high ceilings and convenient curbside and shaded parking also make this unit the ideal retail space.

The unit comes fitted with basic utilities and the space can be demised, offering flexibility for smaller businesses seeking a more intimate space.

38 Market Street is an easily accessible two-storey building located between the calm shade-covered courtyard of Canella Court and bustling Market Street, making it highly visible to passing vehicular traffic. Its close proximity to shops and services means there is always a steady flow of passing trade.

38 Market street camana Bay

Some of the benefits of locating your business in Camana Bay include a dedicated on-site property management team, 24-hour security, an audience of over 2,000 people who live and work in the Town Centre and over 2,200 parking spaces. Camana Bay is a walkable town centre with an eclectic mix of experiences and many signature and tenant events. There are more than 110,000 people visiting Camana Bay every month, resulting in a vibrant town with steady traffic flows good for any business.

Click here for more on Unit 4B. To schedule a viewing of this unit at 38 Market Street in Camana Bay, click here to contact our leasing team.

To learn more about other Grand Cayman commercial real estate for lease, click here to view our available Class-A and Class-B commercial space, located along the Seven Mile Beach strip and in Grand Cayman’s capital of George Town.

About the author

Christy Whittaker is a Marketing Manager for Dart, focusing on the company’s flagship development, Camana Bay. Christy joined the team in 2019 with nine years in marketing under her belt and holds an MSc in Global Marketing from the University of Liverpool. Born and raised in the Cayman Islands, Christy has the acclaim of being a member of the first Cayman Islands gymnastics team to compete abroad!