As news hits the streets in the article featured in The Cayman Compass today regarding Dart Realty submitting their plans (PAD) for 100 new condo’s and townhouse’s, it adds some interesting new dynamics and opens up the discussion about how the development super-plan for Camana Bay will forever change Cayman.
Read James Whittaker’s article here; http://compasscayman.com/caycompass/2014/05/14/Dart-submits-full-Camana-Bay-plan/
Most residents will agree that Dart Realty’s visionary master plan of a new town for Grand Cayman has so far been an overwhelming success. Anyone who shops at the Farmers Market on a Wednesday, lunches or dines in one of the restaurants or indulges in their boutiques will agree that it has become a mecca for pleasure. It has also brought corporate entities large and small, to its first class commercial spaces, and the residences above continue to be popular rental properties.
So, with the exciting new prospect of a 100 new properties coming onto the market it begs the questions; How well will they be received in the Cayman real estate and international market? What will the pricing structure be and what will the uptake likely be?
There will likely be a wide range of different floor plans and prices to appeal to most, however its waterfront location and advantageous position next to Camana Bay will no doubt command a premium. Having seen the quality and thoughtful design and construction will no doubt be of interest to the majority of purchasers and investors. Camana Bay has certainly raised the bar in terms of architecture, town planning and diversifying amenities available on foot, and their new residential real estate offering will raise industry standards even higher.
Its not the first project to bring Seven Mile Beach and the North Sound together, but its certainly the most universally appealing and accessible to everyone. So, whatever they are proposing it will be eagerly anticipated, and will increase our global foothold in attractive places to invest and live!