Milestone for the WaterColours

The WaterColours has formally begun
the structural pile testing process marking a significant milestone of

The 39-unit luxury private
residence development officially broke ground in late November of last year.

 “There is much excitement around The WaterColours
as it is the only new development, in the foreseeable future, being constructed
directly on Seven Mile Beach. It will undoubtedly contribute to the economic
growth of the Island and is a testament to the resiliency of our resort real
estate market,” said Kim Lund.

The WaterColours is the exclusive
listing of Mr. Lund and James Bovell, owners/brokers of RE/MAX Cayman Islands.

“As advocated by our exclusive
brokers, Cayman has seen a substantial positive turn in local real estate
activity for 2010,” said Steve Henderson of the WaterColours development team.

“We are thrilled to persevere with
the success of the WaterColours in this continually improving market.”

Local general contractors Arch
& Godfrey Cayman Limited will be undertaking the project’s construction.

“Arch & Godfrey have been long
time partners of the development group, working on past projects such as Water’s
Edge,” said Mr. Henderson.

“Although we tendered out The
WaterColours project, it became apparent that the Arch & Godfrey team would
be a natural fit and bring the quality and experience necessary to make the
WaterColours Condominiums successful. We are delighted to partner with them on
this exciting new project, and welcome them once again to the team.”

The WaterColours is also working
with local architect Michael Meghoo of MJM Design Studio and Matthew Manning of
Cayman Engineering and Partners.

The WaterColours will work to
challenge the standards of construction on Seven Mile Beach and feature an
extensive list of amenities, some found in five star hotels, within the privacy
of a luxury residence. These include a beachfront owner’s conservatory with
wine storage lockers and full chef’s kitchen, owner’s guest suites, concierge
services, valet parking, state-of-the-art beachfront fitness studio with
private massage room, underground parking and storage, and 24-hour discrete

“The quality of The WaterColours
will be incomparable as the developers continually strive to build on the
highest specifications, with a focus on safety and security within luxurious
and private living quarters,” said Mr. Lund. “Simply put, it will exceed even
the highest of expectations.”