By the Caribbean Journal staff
A major real estate project is coming to Grand Cayman’s Camana Bay mixed-use development.
Dart Real Estate and NCB Group have entered into a joint venture partnership to develop the first for-sale residential community in Camana Bay, the two companies announced.
The residential development will be located south of Camana Bay Town Centre and next to the Cayman International School.
“This partnership is a demonstration of both organisations’ track record of creating developments that reflect quality construction, sustainability and thoughtful design. We look forward to collaborating with NCB Group to meet the demand for residential offerings in Camana Bay,” said Dart Real Estate President Jackie Doak. “This project is another example of the town centre’s growth as it continues to cater to those who want to live and work in an amenity-rich community that provides direct connectivity to the world-class Seven Mile Beach.”
Camana Bay, which first launched in the Cayman Islands 10 years ago, has grown into a full-fledged community hub for Grand Cayman, with everything from high-end eateries to designer shops to a movie theater complex.
The new development will feature units from one-bedroom condos to four-bedroom townhouses, with local architectural firm TRIO Architecture tapped for the project.
Sales will launch in the fourth quarter of this year, while the first phase of construction is slated to begin in the first half of 2019.
“As the Camana Bay community continues to grow with the expansion of CIS, construction of the new Foster’s Food Fair supermarket and a planned five-star resort, a joint venture agreement with NCB Group further diversifies the development of the town centre at this important juncture in Camana Bay’s history with its first for-sale residences,” said Dart Senior Vice President of Development Justin Howe.