While most construction on the island of Grand Cayman these days seems to be following the philosophy that the bigger and more luxurious the better, there is at least one team of builders banking on another niche – smaller, well constructed and affordable.
That’s the thinking behind Landmark Square, a project headed up by Pro Plus Construction and Realty’s Bavan Antonysraj, the same team behind the highly successful Lakeland Villas development in South Sound.
Abutting the West Bay Road bypass just north of Canal Point Road, the development’s two solid concrete buildings, designed by Daniel Ebanks of Tropical Architecture Group, with Rob Mouzas and the Small Engineering team, will boast a Category-5 rating.
The first building going up will be 20,000 square feet and the second will be slightly larger at 30,000 square feet. With the ground floor level set aside for parking, the builders plan for three additional stories, with an accessible rooftop party-perfect terrace that’s already got some buyers dreaming of the possibilities.
The distinguishing feature about the Landmark Square project is its different approach to office space – it’s a condo-style office complex where business owners can choose to either buy or lease their space, with a third, and very attractive option the developers are calling ‘Virtual Offices’.
‘If your business does not need full-time office space, our virtual office model is something you might want to consider,’ says Mr. Antonysraj.
The virtual office concept offers a professional support team to answer phone calls, handle mail and faxes and relay messages – all the benefits of a real office at a fraction of the cost.
‘You get a business address with incoming mail and package handling, your own phone number, use of the main fax line, live reception services during business hours, and assorted administrative services including mail handling and catering,’ says Mr. Antonysraj.
The principle makes sense for companies and entities that require office space only a few days a year, like an offshore insurance firm that must hold an annual board meeting on-Island.
They would be able to rent out the office space for a particular day, or share it with other companies over the year in a scheme very similar to that of a time share.
Pre-sales start from $254,000, or CI$390 a square foot. At a recent open house, the strong turnout was indicative the demand for this type of office is very strong.
Mr. Antonysraj cites low common area maintenance fees and control over individual office utility fees as an added bonus attracting buyers to the project.
‘We see that the need is there for this type of development and we are answering,’ says Mr. Antonysraj. ‘It’s the ideal location at the ideal price, and we are looking forward to hearing from anyone interested in becoming part of this exciting project.’