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

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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.

Media Release: Starbucks opens in Camana Bay

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Global coffeehouse’s first in the Cayman Islands

Cayman Islands-based developer Dart Real Estate announced today that the global coffee company, Starbucks, arrived in Camana Bay, and becomes the newest addition to its more than 15 food and beverage venues at Camana Bay, a 685-acre master-planned New Urbanist town on Grand Cayman.

“Over the past 11 years, Camana Bay has become a thriving town where people want to be – to enhance their careers, to raise their families, and to enjoy the best of living in the Cayman Islands,” said Dart Real Estate’s President of Business Development, Jackie Doak. “Our team is committed to ensure the best experience possible is always offered to the over 2,000 people who live and work at Camana Bay. We are pleased to welcome Starbucks to Camana Bay as a new member for all who live, work and visit our community.”

A partnership between Starbucks and Caribbean Coffee Traders Limited, a consortium led by Margaritaville Caribbean Group, this Starbucks location marks another milestone for the global coffee company’s expanding Caribbean operations.“Our first store in the beautiful island of Grand Cayman marks a key milestone for our expansion in the Caribbean region,” said Tim Grever, operations director for Starbucks Caribbean markets. “We are humbled by the warm welcome we have received from all of you and look forward to welcoming customers to this spectacular store and sharing some of the finest coffees from around the world, served by our passionate and knowledgeable baristas.”

Adam Stewart, deputy chairman of Sandals Resorts International who is a part of the joint venture for Caribbean Coffee Traders Limited, emphasised a desire to give back to the Cayman Islands. “Our team is devoted to expanding the Starbucks brand with a shared commitment towards creating opportunities within the community.”

“We are grateful for the support we have received from the community,” added Ian Dear, chief executive officer and chairman of Margaritaville Caribbean Group. “The beautiful Camana Bay location is a place where families, friends and individuals can connect. It’s these daily connections and interactions that build communities, and we are honored to be part of yours.”

Manager Maeve Greer cuts the ribbon at the official opening of Starbucks in Camana Bay on 15 August, 2019.

Starbucks joins Camana Bay during a period of growth and development, which includes the ongoing expansion of Cayman International School, the construction of a 60,000-square-foot supermarket and Camana Bay’s first for-sale residential offering, OLEA. Camana Bay also offers 700,000 square feet of Class-A commercial space and has nearly 2,500 indoor/outdoor parking spaces for people who visit daily to work and use Camana Bay’s services.

Starbucks in Camana Bay opened its doors on 15 August, 2019 next to independent bookstore Books & Books along the Paseo. It is located near the Rise, which connects Seven Mile Beach and the North Sound, allowing seamless connectivity from “sea to sound” in the pedestrian-friendly town.

The new location features a stunning wall mural by local artist Tansy Maki.

-Ends-

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.

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, 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.

On a winning streak: Q&A with Marc Kish, partner at Ogier

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Ogier is on a roll. Providing international legal services from nine jurisdictions worldwide, with its Cayman Islands office located in Camana Bay, Ogier has collected three awards since the end of March – at the Legal Business Awards, WealthBriefing European Awards and The Lawyer awards. These awards are the result of putting in place a focused strategy, a strong team and the right infrastructure to offer the best platform for the future and are accompanied by the Cayman Islands’ economic growth as a jurisdiction.

This year will mark 10 years since Ogier joined the town centre of Camana Bay as a tenant of Dart Real Estate’s. We sat down with Ogier partner Marc Kish to talk about the firm’s winning streak and what this means for both Ogier and the Cayman Islands as a whole. Marc is the head of Ogier’s Insolvency team for the Caribbean region and Asia, and also a member of Cayman’s Dispute Resolution team.

DRE: Ogier has always enjoyed success, but three awards in as many months is a great achievement. Tell us about the awards your firm has recently won.

MK: We picked up the Offshore Law Firm of the Year award at The Lawyer Awards in London at the end of June. We have also received awards in the offshore categories at both the WealthBriefing European Awards in April and the Legal Business Awards in March.

DRE: What do you think is the catalyst behind this winning streak?

MK: It feels more like the culmination of a lot of work and a lot of investment into our legal and business services teams over the last few years. As a firm we have worked hard to get our strategy right, to get the right people in place, and to make sure that they are supported by the right technology.

A good example would be in our Cayman Dispute Resolution team – we have more than doubled in size over the past two years, and in doing so we have been careful to recruit people who fit well with our vision as a firm as well as being technically strong.

We are hopeful that the awards we have won in the last few months are in fact the start of a longer-term trend of growth and recognition.

DRE: Do you see this recognition of Ogier’s Cayman Islands office as a marker of Cayman’s economic growth as a jurisdiction?

MK: Inevitably Cayman’s economic growth plays a big part in that success. It is testament to the commitment of the professional community, the responsiveness of government and the quality of the legal system in the Cayman Islands that our financial services industry continues to attract business from around the world.

DRE: What other changes has this growth effected?

MK: With economic growth comes a knock-on effect on the depth of experience among the people we see applying for roles. Over half of the 100+ people in our Cayman office are Caymanian, and that includes a number of first-class business services professionals as well as lawyers.

We were fortunate enough to be recognised recently as the top law firm employer in the Cayman Islands but, ultimately, an employer is only as good as the talent it employs and the market in which it operates.

DRE: Have you experienced an increase recently in client interest in doing business in the Cayman Islands?

MK: It has been mainly client demand that has fuelled and supported our growth, not just in the Dispute Resolution team but across all our legal disciplines. The success of the US economy has kept our investment funds and corporate teams particularly busy of late, while the Restructuring and Insolvency team (both contentious and non-contentious) has had some very significant instructions that reflect economic challenges in other parts of the world.

Recently, we have also seen an uptick in the amount of contentious trusts and family office work coming into the Cayman office, which is an area in which Ogier has always specialised across all of its jurisdictions.

DRE: You are about to celebrate 10 years in Camana Bay. What does your team most enjoy about being based there?

MK: We love the modern, open office space and the proximity to so many vibrant aspects of the Cayman Islands culture that seem to be centred in Camana Bay. It is a convenient, relaxed place to meet people for lunch, go the gym or arrange boat trips or other events, but we are also well situated in this part of Grand Cayman to walk or drive to other nearby shops and restaurants. There is nowhere we would rather be.

If you are interested in finding out more about Ogier, click here. To view our guide on doing business in the Cayman Islands click here and/or contact our commercial leasing team today.

62 Forum Lane

Convenience at Camana Bay: banking on the go

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Camana Bay’s vibrant community continues to expand with the introduction of a new banking and fiduciary service in the Camana Bay Town Centre. By the end of 2019, Dart Real Estate will officially welcome Butterfield to the Camana Bay community and the town’s newest office building, One Nexus Way. The location will be Butterfield’s fourth location on the island and will provide its full suite of banking services, including teller services and even two new ATMs. What does this mean for customers? Greater convenience!

With Butterfield now joining Cayman National and Scotiabank in Camana Bay, three of the six retail banks on island offer the convenience of their 24/7 ATM services in the Town Centre. With such a large community of retail stores, dining locations and entertainment options, the number of retail bank ATMs allows visitors ready access to cash outside of banking hours, withdrawing from their bank of choice, should they prefer not to use card payments.

You can find the ATMs at the locations below in the Camana Bay Town Centre:

Cayman National ATMs
• Inside its location at 62 Forum Lane
• Across from Camana Bay Cinema next to the OLEA Sales & Presentation Centre on Market Street
Scotiabank ATMs
• Inside its location at 18 Forum Lane
Butterfield ATMs
• Once open, inside its location at One Nexus Way

The commercial leasing options at Camana Bay offer any international or Cayman Islands business opportunities to be a part of a vibrant community. For more details on current availability in the Town Centre, click here, email [email protected] or call +1.345.640.3600.

Media Release: Dart Real Estate publishes Cayman Islands business relocation guide for 2019

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Dart Real Estate has announced the updated release of Business Works in the Cayman Islands, a complimentary relocation guide featuring a comprehensive overview on the thriving British Overseas Territory and its welcoming trade and business environment.

“Anyone interested in establishing a business presence in the Cayman Islands should find this handbook valuable,” says Dart Real Estate Senior Manager, Business Development, Jennifer Ebanks. “And those who are simply curious about what makes Grand Cayman a stable, world-class financial centre will discover an array of interesting facts about our robust economy.”

With nearly 100,000 companies registered in the Cayman Islands, the country has long held a position as one of the world’s top 10 financial centres, making it an attractive destination for a broad range of commercial transactions across a diverse number of industries.

Ms. Ebanks explains that a growing number of business leaders approach Dart Real Estate with a desire to establish or relocate their financial interests to the jurisdiction but don’t know where or how to begin. As a result, Dart Real Estate published the relocation guide to introduce the island’s economic diversity, government structure, judiciary system, regulatory oversight and tax neutrality.

“Everyone can learn something from this guide,” says Ms. Ebanks. “For example, many people might know that Cayman is largely tax-neutral, but not everyone is aware of our rigorous anti-money-laundering regime and how our financial services industry can employ oversight while minimising red tape for those conducting legitimate business. This is in addition to the innovative legal and regulatory framework that makes the Cayman Islands a unique and sophisticated place to do business.”

The 2019 handbook is filled with numerous ‘quick facts,’ and provides details on everything from obtaining work permits and buying real estate to incorporating a business and opening bank accounts in the Cayman Islands.

The guide can be viewed online or it can be downloaded as a printable PDF. For more information click here.

Dart Real Estate has developed more than $1.5 billion in mixed-use, residential, commercial, recreational, educational and hospitality properties throughout the Cayman Islands. Dart Real Estate is Cayman’s leading developer, creating places where business thrive.

About Dart Real Estate
Dart Real Estate is a real estate development company based on Grand Cayman in the Cayman Islands. 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 real estate developments on LinkedIn, and Twitter.

Getting Behind the Wheel at ZÜN, the Car-Sharing Service at Camana Bay

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I was driving through the underpass on the Esterley Tibbetts Highway the first time I saw a ZÜN car. A shiny white Audi A3 Sportback with the word ZÜN spelled out in pink, red and green lettering. My interest was piqued.

It was through word of mouth that I heard the news. Car sharing had arrived, in the heart of the Seven Mile Beach corridor, at Camana Bay. I went straight to the website to find out more. ZÜN was an elevated experience to the ride sharing I was already familiar with from trips to the United States.

The process was simple and offered me the flexibility and peace of mind that I had been seeking. The annual membership fee of CI$40 allowed me access to a fleet of world-class cars based at Camana Bay and included insurance, maintenance, 24/7 roadside assistance and fuel! Could I really have it all for less than an annual Netflix membership? I had to find out.

Registration was simple. I filled out my basic information and even had the opportunity to list my friend as a referral. She later told me she received a free one-hour trip because of the referral. After registration, I downloaded the ZÜN app on my smartphone and was happy to see it was available on the App Store and on Google Play.

I wasn’t quite sure when I was going to use my first ride until I dropped my car off to the mechanic one morning and wanted to head out for lunch. Perfect! I logged onto the app and was provided with three available cars. I clicked the closest to me, 300 feet away, and clicked reserve. The screen prompted that I now had 15 minutes to start my journey, more than enough time to wrap up a final email before my lunch hour.

As my office is based in Camana Bay, I was offered a Camana Bay perk that my first trip of up to one hour would be free! The normal rate option is just CI$16 per hour, making it all the more compelling and easy to start the ignition.

I was able to unlock the car through the app and, once inside, I removed the keys from the glove compartment. I synced my favourite playlist to the car through Bluetooth and with the soca music flowing I was ready for the road! Until that day I was a member of the population who had never driven a sports car and honestly? I’m not sure how I will ever go back.

The Audi A3 Sportback is sleek. I was worried about tackling the lunchtime rush and specifically lunchtime parking but the car fit comfortably in every space I approached and even helped me in the hard spaces with sensors and alerts if I was ever too close to an object. Roundabouts were no challenge for the ZÜN as the car swiftly made its way around corners and bends while the engine continued to purr as if we had not made a turn at all.

As I began to approach the one-hour mark of my trip – conveniently tracked on the app as I drove – I headed back to Camana Bay. With the convenience of multiple parking lots to choose from, I parked the car, disconnected the Bluetooth on my phone ignition and placed the keys back in the key holder located in the glove compartment.

After checking that I had collected all of my possessions, I closed the door and clicked to end the trip on the app. I was provided with a review checklist to make sure everything had been closed out. I then confirmed my trip had ended and I heard the door lock. My phone pinged and I received the email with my receipt for my trip.

This experience allowed me to maximise my lunch hour in a way I never had before when I would have normally been confined to my desk while waiting for the mechanic to finish with my car. Car sharing is perfect for running errands, visiting guests or even being used for a company vehicle or errands.

My first ZÜN car-sharing experience was memorable, and it will not be my last.

To learn more about Camana Bay click here and for more on ZÜN, click here.

Camana Bay Data Centre Earns SOC II Standard Certification

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The data centre located in Camana Bay and operated by Dart has earned the Service Organization Controls II standard accreditation. The attainment of this certification confirms that the Camana Bay data centre has achieved this industry benchmark for management controls and aligns the data centre with global technology standards.

This certification is granted to organisations who meet certain standards of control for technology operations that govern security, availability, information privacy and confidentiality. Issued by the American Institute of Certified Public Accounts (AICPA), the certification can be seen as the Institute’s stamp of approval that the IT service provider has adheres to the appropriate controls for data centre operations.

Christian Blais, Dart’s Senior Vice President of Information Technology, explained what this accreditation means to a business looking to conduct secure business, particularly in the legal and financial fields:

“This is part of our ongoing efforts to maintain alignment with global technology standards and ensure that Camana Bay continues to be the premier location for companies that rely on high-quality technology infrastructure for their operations.”

“The main backbone infrastructure to all buildings is already installed and ready for use,” explained Data Centre Administrator for Dart, Reynaldo Powery. “Tenants only need to complete the end connections. For those tenants not currently using the data centre, there is a negligible cabling cost for a server rack-to-office connection. The connection speed would be as if the servers were in their office, so it’s an attractive option for those wanting this secure service.”

If you are not a Camana Bay tenant but are interested in renting a rack, the Dart Real Estate Leasing team can walk you through the process. “We have all Internet service providers located in the data centre for ease of connections for those outside of Camana Bay,” Reynaldo added.

Watch This Space: N404 at Flagship Building in George Town

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Located on Harbour Drive in George Town, Flagship building is not only a stunning property, whose unique architecture catches the eye, but it also offers move-in-ready Class-B office space such as suite N404, located on the fourth floor of this centrally located building.

At 2,011 square feet, this oceanfront office space offers a layout with an open floorplan and select private offices. A communal kitchen and boardroom round out this space, which also features wraparound balconies (perfect for taking an all-important work break to enjoy the unparalleled ocean views). The airy and light-filled office will motivate any employee and ensure a collaborative work style, while the hardwood floors offer an urban chic design to the space that makes a stunning impression to both employees and visitors.

The clincher for both employees and clients will be the unbeatable water views, a daily reminder that living and working in the Cayman Islands is unlike anywhere else. History buffs will be excited to be based in the nation’s capital in close proximity to the Cayman Islands courthouse, Heroes Square, the George Town Public Library and Museum and other significant buildings.

Flagship is home to a mix of retail and office businesses, and there are multiple benefits to choosing Flagship as your business’s home, including a dedicated building back-up electricity generator; dusk-till-dawn on-site security; and on-site building maintenance. Assistance is available from the dedicated and experienced property management staff from Dart Real Estate and the building features two interior elevators and a new chiller system. Key fob access is also available.

To schedule a viewing of N404 at Flagship, click here to contact our leasing team.

To learn more about spaces available for lease visit our commercial leasing page.

Island Naturals to Open in Camana Bay

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Camana Bay’s culinary scene just got a little tastier! Dart Real Estate is pleased to announce the newest addition to the Camana Bay community, Island Naturals Café and Retail.

Camana Bay will be the second location for the brand’s restaurant and retail operations. Island Naturals’ current restaurant and retail space, located in Coconut Plaza on West Bay Road, will remain open.

Island Naturals is the newest small business to call Camana Bay home and joins a thriving Town Centre with over 60 shops, services and eateries. While there is no confirmed opening date, owner Lindsay Allen stated that patrons will be the first to be informed, promising: “We will keep everyone updated via social media as we get closer.” 

One of the main attractions of moving to Camana Bay was the ability to expand in a way that allows Island Naturals to offer a more relaxed dining experience.  “Our location in Camana Bay will really allow us the space we need, including a large outdoor area that we plan to furnish comfortably – perfect for catching up with friends over a coffee or taking a casual lunch break from the office,” Ms. Allen explained.

“We have been looking for another location for some time now to allow our brand to grow, which will allow us to offer more and do more for the community. Camana Bay was a natural fit because of the atmosphere the town centre offers,” added Ms. Allen. “We feel Camana Bay will allow for an enjoyable shopping experience and this new location will help the mind, body and soul vision of the brand really come together.”

With this announcement, Camana Bay’s retail space is now almost fully leased. For more on the available space remaining in Camana Bay or other commercial space on Grand Cayman, click here to contact a member of our leasing team today.

Spotlight On: Red Sail Sports’ Red’s Emporium

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The newest addition to the Red Sail Sports family of stores and to the busy town centre of Camana Bay, Red’s Emporium is the company’s ninth, and biggest, retail location on island – conveniently located between KARoo and Pani Indian Kitchen on the Crescent.

Offering lifestyle options, unique gifts and affordable fashionwear, Red’s Emporium is “more than a dive shop with a retail boutique; it represents a milestone for us in being our largest store to date, catering to all lifestyles and individuals at affordable prices,” says Jim Beisel, Retail Manager. The shop opened its doors to the public on Friday, May 10, 2019.

The lively town of Camana Bay, nestled between the Caribbean Sea and the North Sound, was a perfect fit for the retailer who enjoys a reputation as a local institution in the watersports industry. Red Sail Sports first set sail in 1987 operating two dive boats from the Hyatt Regency Grand Cayman.

Over 30 years later, with no plans to slow down, the shop also provides opportunities for residents and visitors to schedule tours and other Red Sail expeditions around the island. The team intends to offer tours departing from Camana Bay in the near future, with schedules to be released soon.

“This is a proud moment for us and we are excited to add Camana Bay on our location map,” adds Mr. Biesel.

To learn more, visit Red’s Emporium on the Crescent in Camana Bay, located between KARoo and Pani Indian Kitchen.

With Class-A office space and retail space available for lease, Camana Bay is the ideal home for your business. If you are interested in opening a retail location or looking into office space available for lease in Camana Bay or on Grand Cayman, contact us today.