Dart Realty has announced plans to
start construction on another 100,000 square feet of mixed use commercial office
and retail development in Camana Bay this year.
With an anticipated move-in date
for tenants of 2012, Dart hopes to gain LEED certification for the two-building
project, making it the first in the development with that label.
LEED certification provides
independent, third-party verification that a building project is environmentally
responsible, profitable and a healthy place to live and work.
“We believe that the timing of this announcement,
and of this project, is good news not only for Camana Bay but also for the Cayman
Islands as a project of this size will directly and indirectly generate jobs,
create revenues and stimulate economic activity,” said CEO Dart Realty (Cayman)
Ltd Mark VanDevelde.
In addition to the LEED
certification and sustainable approach, which are key components of these new
buildings, they will also feature Camana Bay’s hurricane rated architecture; state-of-the-art
technology and ample parking complimented by vibrant landscaping, and easy access
to The Town Centre’s shopping, dining and entertainment.
The project design architect is the
award-winning company Lake Flato, which supports the philosophy that architecture
should respond to its particular place, enhance a site or neighbourhood and be
a natural partner with the environment. In all, Lake Flato’s work has been recognized
with 43 national awards (including the AIA’s Honor Award in 1992, 1997, 1999
and 2007) and 50 state awards.
Lake Flato’s commitment and
dedication to sustainability is evidenced in the projects it undertakes. The
firm has 15 LEED accredited professional on staff along with a sustainability
coordinator. LEED professionals have been a part of the design team from its
inception and they will be advising and monitoring for the duration of the design
and build process.
The local architect is The Burns
Conolly Group which has been integrally involved with Camana Bay from the
initial master planning stages.
The new buildings are designed, and
will continue to be developed, with flexibility in mind, and will be able to
provide a home for a business that desires 2,500 sq ft., a corporation that
would like a space of 40,000 plus sq ft. or retail establishments of varying
In keeping with Camana Bay’s mixed
use commercial philosophy, retail outlets of 10,000 sq ft will be located on
the street level making it easy for patrons of the rapidly growing Town Centre
to walk from one shop to the next.
The buildings’ other floors (87,000
sq ft) will be dedicated to businesses and will provide tenants with incredible
views and vistas of Seven Mile Beach, downtown George Town and West Bay as well
as a signature address in Cayman’s newest and fastest growing financial
district, off the Esterly Tibbetts Highway and in The Town of Camana Bay.
With nine new businesses set to
open their doors in the first two quarters of 2010, Camana Bay’s Town Centre
and financial district are both growing rapidly.
With shops, restaurants, offices, a
sixscreen cinema and 60 apartments, Camana Bay’s $400 million Town Centre
opened in December 2007 and was designed by the award-winning team of Moore
Ruble Yudell and Olin Partnership.
The master plan is designed to be
flexible, allowing Camana Bay to grow organically over several decades.