20 July 2018
Dart Real Estate and NCB Group have entered a joint venture partnership to develop the first for-sale residential community in Camana Bay, a master-planned, mixed-use town on Grand Cayman that celebrated its 10-year anniversary in November, 2017.
The business partnership represents the coming together of two well-respected Cayman Islands real estate companies, known for developing innovative, sustainable, and design-focused residential properties.
“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 connectivity to the world-class Seven Mile Beach.”
“We are excited to partner with Dart Real Estate on this innovative and much-anticipated residential community at Camana Bay,” said Matthew Wight, NCB Group managing director. “NCB has been developing homes and communities of distinction for more than 17 years in Grand Cayman and we are committed to building with the Cayman Islands’ future in mind. We are fortunate that Dart Real Estate shares this same commitment and look forward to delivering a successful, quality development to the wider community.”
The residential development will be located south of Camana Bay Town Centre and adjacent to Cayman International School (CIS), which is being expanded to double the capacity for number of students to 1,100 by 2020. “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.
The residential development will feature offerings ranging from one-bedroom condos to four-bedroom townhouses. Local architectural firm TRIO Architecture has been selected to design the project. The sales campaign is set to launch in the fourth quarter of 2018 and construction of the first phase is expected to begin in the first half of 2019.
Further details regarding the project will be released in the coming months. For the latest news on Cayman Islands property for sale at Camana Bay, visit camanabay.com.
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 in collaboration with an award-winning team of visionaries, Camana Bay offers a one-of-a-kind mix of thoughtfully designed residential, commercial and public spaces, world-class shopping and dining, as well as family-friendly entertainment, events and attractions.
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 675-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 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’s portfolio continues to grow with the addition of world-class Seven Mile Beach developments, including Kimpton Seafire Resort + Spa, The Residences at Seafire and an upcoming five-star resort and residences.
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.