With the real estate market being so strong, and current inventory being in short supply, it is no surprise that developers are taking this opportunity to replenish the marketplace.
Seven Mile Beach
As always, Seven Mile Beach is thriving. On the cusp of SMB is the new Curio Collection by Hilton. The 80-room boutique hotel is scheduled to open in 2021 and is marketed as a wellness hotel, with a focus on healthy living.
Eleven Parc, on the Seven Mile Beach corridor, is comprised of 17 new townhomes. Units range from 2.5 to 3 bedrooms, all equipped with a private garage, gourmet kitchen and swimming pool, prices start around CI$795,000.
After years of planning, the Hyatt will be developing Grand Hyatt Residences. Grand Hyatt will be a 20-storey resort located on Pageant Beach. It will feature a new 351-room hotel, with 167 residential units. Studios and 1, 2 and 3-bedroom units are priced between US$522,000 and US$4.18 million.
Also on the Seven Mile Beach corridor is ONE Canal Point. With 73 units in total, ONE offers residents a carefully considered selection of 1, 2 and 3 bedroom plus den condominiums and townhomes. World-class amenities include a dog park, community fruit tree orchard, children’s playground, communal roof terrace and 25m lap pool. Prices start at US$600,000 up to just under the US$2 million mark.
Off Seven Mile Beach is Plymouth at Clipper Bay, a gated community which infuses modern urban living with Mediterranean design. There are only 22 units, and tenants will enjoy a gym, Olympic length pool, communal barbecue area and beautifully landscaped gardens.
Seconds from the beach, 61 West offers contemporary style living in a prime location. Heritage Holdings Development's latest offering comprises of 1 and 2 bedroom units from CI$285,000. With an open plan layout and luxury appliances, these units are ideal for young professionals and families. Communal amenities include a pool and patio area with general use BBQ and ample parking. Visit https://61west.ky for more information.
Across the way in Crystal Harbour, is Diamond’s Edge, which offers owners unparalleled views and direct boating access via a private channel. This serene and private oasis will be replete with lush landscaping, finished seawalls and high-end cantilevered docks. Estate lots are construction ready, no pilings required and are seconds from the North South Golf Club. Underground utilities, extensive streetscaping with custom lighting make this luxury community a truly rare and distinctive place to call home. Visit https://www.diamondsedge.ky for more information.
Nautica Marina Residences, also in Crystal Harbour, presents a whole new concept in oceanfront living offering 2, 3, and 4 bedroom condominiums built around a state of the art marina for boating enthusiasts who want the highest standard of living along with unobstructed views and the ease of access provided by the owner’s channel cut directly to the North Sound. With fitness trails, boardwalks and a clubhouse all within walking distance of the North Sound Golf Club, this development offers a private, secure and upscale lifestyle. Visit https://nauticamarinaresidences.ky for more information.
Further west, SeaDreams, a luxurious 8-unit, 4-storey oceanfront boutique complex will be located on North West Point Road. With 4 storeys and only 2-units per floor, residents will enjoy large living spaces, as well as fantastic amenities including a pool and BBQ area. Units start at just over US$1,000,000.
The Meadows at Batabano redefines Island living, combining old Caymanian design elements with modern functionality and facilities, including two expansive pools and a clubhouse. Choose between 1- and 3-bedroom units.
Dart Real Estate and NCB Group broke ground on Camana Bay’s first for-sale residential development, OLEA, in early 2019. Amenities will include beautifully landscaped common areas, a resort-style pool and a fully equipped gym, and property options will range from 1 bedroom condos to 4 bedroom townhouses. Phase 1A construction is underway, and Phase 1B is slated to begin end of 2020. Visit https://www.camanabay.com/grand-cayman-living-and-working/residential/olea for more information.
The South Sound area shows no signs of slowing down. The recently completed Tides embodies oceanfront luxury and is an indication of the standard for which developments on-Island are being held to.
Davenport Development introduces Bahia, which will blur the line between vacation and ‘reality’ on the shores of South Sound. Scheduled to break ground in 2020, Bahia residents can enjoy amenities typical of a high-end resort: boasting open roof terraces, an Olympic training pool and 200m ‘resort’ pool, tennis courts and yoga studio, a clubhouse and full-time on-site property manager. Best of all, units are priced between CI$475,000 and CI$850,000, making luxury affordable. Visit https://www.davenport.ky/bahia for more information.
Vela is continuing to expand with the addition of Phase III. Owners in this phase will have access to all the amenities of Phase I and II, including two fully serviced gyms, a clubhouse and function room, yoga room, tennis courts, Olympic sized swimming pool and the security of a gated community.
South Bay Residences by Palmyra Developments offers spacious waterfront living. Each townhouse is fitted with luxury amenities and tenants can enjoy use of the communal facilities in a lush landscaped setting.
Indigo Bay, located in eastern South Sound, is an upcoming luxury development comprising 29 ocean-view villas. With panoramic views of the Caribbean Sea from sunrise to sunset, each home is designed to seamlessly blend indoor and outdoor living. The two- and three-bedroom villas feature clean, simple lines and bright, airy interiors throughout. With floor-to-ceiling glass on the sea-facing side, and skylights and internal transom windows, there is always natural light flowing through the space. Communal amenities include private dock and gazebo, pet-friendly Indigo Park, roof top patios with outdoor kitchen, jacuzzi and shade structures, on-site multi-purpose community centre and storage lockers for paddle boards and kayaks. Only three-bedroom units remain in Phase I, starting price US$1,549,000. Visit https://www.indigobay.ky for more information
Nearby, the Grand Harbour area also as a number of new residential developments. Allure, which will hug the coastline and offer unimpeded views of the North South, is sophisticated Island living at its best. Featuring 2 and 3-bedroom luxury condos and a wide range of amenities. Prices start at US$488,000.
Arvia will be a single-phase development, located on the Grand Harbour Canal, comprising of 96 condos, and interestingly the first approved aerial subdivision on-Island. The condos will be clustered around a small marina-like set of docks, ensuring each home has a view of the waterway. Amenities include a 50-metre pool, a tennis court, gym and yoga facilities, and all the benefits of waterfront living including dock space. The units will range in price from US$606,353 to US$834,486.
Paraiso, located at the end of Lords Way, will consist of 12 luxury canal front townhomes. Each unit will have their own boat dock, large private patio area and the option for an individual plunge pool.
Grand Palmyra, a gated community in Grand Harbor. These centrally located 3-storey townhomes at Grand Palmyra offer the perfect setting for active families looking for a combination of sustainability and sophistication.
Harbour Walk, located next to the Shoppes at Grand Harbour, is an exciting new multi-purpose destination location which will feature retail, office and residential space. Residents of Harbour Walk will enjoy exclusive use of the 1,000ft jogging track, open-air workout area, yoga platform, infinity edged swimming pool and roof-top cabanas.
Periwinkle is a new housing development that combines all the fantastic attributes of living in Cayman, with the principles of new urbanism. Located close to Grand Harbour and only a short drive away from George Town and Seven Mile Beach, homeowners benefit from a private dock with direct access to the North Sound, communal BBQ and green spaces, a children's 'wetzone' and play area, a farm to table delivery service and the security of a gated community. Periwinkle's outstanding amenities combined with beautiful architecture and interior design make this a highly sought after neighbourhood. Visit http://periwinkle.ky for more information.