Construction is well under way on the fifth phase of the Cricket Square development on Elgin Avenue, with a projected completion date of the third quarter of 2012. McAlpine contractors are working on the first floor of what will be a five-storey, 58,600-square-foot Class A office building, called Willow House.
Meanwhile, a deal has been signed to bring in Campbells law firm as the anchor tenant, Orchid Development Managing Director Clarence “King” Flowers said. Orchid Development is part of the family-run Flowers Group of companies.
The new building, which will also be accessible from Shedden Road, joins four commercial structures on 6.5 acres of Cricket Square: The Pavilion, Century Yard, Boundary Hall and The Brasserie. Mr. Flowers said the new building will be an improved version of Boundary Hall.
“Willow House at this point is our flagship,” he said.
Campbells will occupy Willow House’s fourth floor, which has more than 13,300 square feet of rentable space and is the prime location in the building.
In addition to Campbells, a large captive insurance company has also agreed to move into Willow House, Mr. Flowers said. The insurance company will move into The Pavilion in about two months until the new building is complete, he said.
The team of construction workers, nearly all of whom are Caymanian, is about three months into the project. Mr. Flowers emphasised that the new building will feature the same level of hurricane protections – designed to withstand a category 5 storm – as the nearby Government Administration Building, for which McAlpine also was the contractor. Willow House also will have an underground parking garage so that executives can park close to their offices. The basement and fifth floors of Willow House will feature a limited amount of office space and common areas.
Besides the Flowers Group and McAlpine, other companies involved in the Willow House project include CGMJ Architects, BCQS, APEC Consulting Engineers and BB&P Advertising.
Mr. Flowers said commercial tenants in Cricket Square are involved in sectors such as financial services, law, personnel, and graphics and advertising. Some prominent tenants include Baraud International, BB&P, Codan Trust Company, Conyers Dill & Pearman, Deutsche Bank, KPMG, Maples FS, NCB Cayman and UBS.