Construction
CIG tackling rising rent and house prices
(CNS): The explosion in the cost of rent on Grand Cayman, which many believe is exacerbated by the growth locally in the use of short-term rental platforms like Airbnb, plus the rising property prices, often blamed on foreign investment, is having a huge effect on the cost of living. In response, Housing Minister Dwayne Seymour […]
WB homeowner moves landscaping
(CNS): The owner of a significant sized property on a beachfront plot in West Bay has complied with a planning notice to remove landscaping that had encroached onto the public road at a small and already congested junction. The trees, boulders and other features placed around the entrance to the new home had caused concern […]
Lacovia revamp rubber stamped
(CNS): Plans to redevelop the Seven Mile Beach condo complex Lacovia from its current 3-storey units to three new 10-storey buildings has received the green light from the Central Planning Authority. Most of the objections to the project were either withdrawn or had fallen away when the application went before the CPA Wednesday, leaving those […]
10-storey building coming to Camana Bay
(CNS): The Cayman Islands’ biggest investor has been given the green light for the first ten-storey building in its flagship development, Camana Bay. At the last meeting of 2019, the Central Planning Authority approved two new buildings for Dart’s town, where construction is expected to begin this month. The CPA has approved a five-storey office […]
Hotel gets green light after cutting height
(CNS): The Central Planning Authority has now approved a business hotel on the West Bay Road after the proposed height of the building was cut from ten to seven storeys. The application was made under the name of the Libanon Corporation for The Shores Hotel, and developers are planning a 4-star hotel, still with 129 […]
Dart’s ‘iconic’ tower finds no favour with Chamber
(CNS): The proposal by Dart, Cayman’s largest landowner and developer, does not appear to have found favour with the Chamber of Commerce. Justin Howe, Executive Vice President of Real Estate Development and Operations at one of Dart’s network of companies, was pushing the idea of the tower during the recent Chamber of Commerce Economic Forum, […]
Major mixed-use project on CPA agenda
(CNS): When it meets this week, the Central Planning Authority is expected to consider a new application for a proposed mixed-use $30 million development in Grand Harbour, which would include shops, restaurants, a roof-top bar, offices and apartments, as well as a gym, a raised pool deck and a jogging track. The application under the […]
Changes made to controversial builders law
(CNS): Planning Minister Joey Hew is urging contractors to prepare to register following changes to the controversial Builders Law that were passed recently in the Legislative Assembly. The “significant amendments” address concerns about the original legislation from the construction sector, Hew said as he presented the bill earlier this month. The criteria, categories and process […]
No end in sight for Cayman’s property boom
(CNS): The steady rise in property prices on Grand Cayman continued its trajectory last year, with a significant jump in the sale price of Seven Mile Beach condos, which had a 35% increase over the average value of similar sales in 2017, according to the current Cayman Property Review by chartered surveyors, Charterland. There was […]
Objectors call proposed hotel ‘cheap and nasty’
(CNS): Objectors to a proposed 10-storey hotel at the northern end of the West Bay Road have not pulled any punches in their criticism of plans for this new land-side project across from their luxury beach-side condos and an empty lot on Seven Mile Beach. They described the proposed development as “cheap and nasty” and […]
Building duty cuts roll on despite economic boom
(CNS): Government has confirmed that the 15% import duty concessions on building materials imported to Grand Cayman will continue next year, despite the current development boom and what the finance ministry called the “robust investments” in Cayman’s economy. The duty cut was originally implemented to encourage development during the recession, but according to the latest […]
