On December 14, the National Roads Authority (NRA) will officially open the Camana Bay South Roundabout and the northbound lanes of the new Esterley Tibbetts Highway (ETH). The road and roundabout opening signifies the completion of another phase of the road network improvements included in the NRA Agreement between the Cayman Islands Government and Dart Real Estate.
It’s an exciting time at Dart Real Estate with development well underway on our significant infrastructure projects and new opportunities on the horizon. This month’s update covers the upcoming pop-up dinning experiences with Chef Clare Smyth MBE – the UK’s most-acclaimed female chef – plus announces our recent Gold, Silver and Judge’s Choice awards at the CAF ADDY Awards. You’ll also find an update on our progress with the Camana Bay Underpass, new Camana Bay Roundabout and the National Gallery’s new entrance promises easier access.
February’s development update celebrates Kimpton Seafire’s success in the travel world publications, announces Dart Real Estate’s plans to build Camana Bay’s largest commercial building, speaks to traffic management plans on the Esterley Tibbetts Highway and informs of the Seafire sales team’s move to Bungalow 1 at Seafire.
Today the Cayman Islands Government, the National Roads Authority (NRA) and Dart Realty signed the Third Amendment to the NRA Agreement, an economic stimulus package that has created employment opportunities, road infrastructure and sustainable development projects.
Dart Realty confirmed that after offering to purchase the freehold title to the Dragon Bay lands from the Cayman Islands Government, the parties have mutually agreed a purchase price of US$14.574 million.
Today, Dart is starting the first stage of its US$400 million development commitment to the Cayman Islands by submitting an application to the Central Planning Authority for the widening and realignment of the Esterley Tibbetts Highway.