Tag: Mark VanDevelde
Dart Group acquires Compass Media
(CNS): After months of speculation, the acquisition of Compass Media by Dart has been confirmed by both parties. In a report in the islands’ oldest private news organisation on Wednesday, James Bergstrom, who purchased the media house just over four years ago, said he had sold it to Dart Media and Entertainment, which appears to […]
Dart finally buys Brac Power & Light
(CNS): Dart Enterprises has finally acquired Cayman Brac Power and Light Company, pending approval from the Utility Regulation and Competition Office (OfReg). The sale of the company that supplies electricity to both Sister Islands to Cayman’s largest investor and landowner has been on the cards for some 18 months.
Developers defend projects facing public backlash
(CNS): Local residents challenging the pace of development are no longer just committed environmental activists but increasingly include Caymanians who have been marginalized by projects that undermine the culture and heritage of these islands, but some developers are standing by their plans, despite the controversy they are causing. Matthew Wight, one of three Caymanian developers […]
Dart submits PAD for new ‘town’
(CNS): Cayman’s largest and wealthiest developer is about to expand the group’s footprint on Grand Cayman after submitting a Planned Area Development (PAD) for a new town. Already the biggest investor, hotelier and commercial landowner, the developer of Camana Bay is building another ‘community’ astride the Esterley Tibbetts Highway between Salt Creek, Yacht Club, Vista […]
Almost $2m pledged to Dart seed cash
(CNS): A new foundation has been created by the Dart Group to manage the private sector fund announced earlier this month to support readiness, relief and recovery efforts in the Cayman Islands when needed, including dealing with the current impact of the COVID-19 pandemic. The fund was seeded with CI$1 million from Ken Dart and […]
Dart sticking by Cayman through crisis
(CNS): CEO of Dart Enterprises and head of its network of companies, Mark VanDevelde, said the Cayman Islands’ largest developer, its main investor and major employer is sticking by Cayman through this current health crisis and will be at the forefront of the recovery. In statement posted on the Dart website Monday, VanDevelde was optimistic […]
Dart gobbles up another 7MB property
(CNS): The Dart Group has acquired another beachfront property on Seven Mile Beach. According to a press release published on Dart’s website, the Cayman Islands’ largest investor has entered into a deal with Seven Mile Suites Ltd, which owned the Comfort Suites in the heart of Grand Cayman’s famous tourist district. The hotel is a […]
Developers get seats on NCL review board
(CNS): A board has been established to review the National Conservation Law, which government has signalled it wants to water down because some people think the legislation designed to protect the Cayman Islands’ threatened and dwindling natural resources is standing in the way of development. Premier Alden McLaughlin will be the chair of the committee […]
Premier reveals talks for Dart skyscraper
(CNS): Premier Alden McLaughlin opened a new can of worms Thursday when he delivered his ‘state of the nation’ address at the Cayman Economic Outlook conference and called for a national discussion about drastically changing building height limits to accommodate a Dart proposal. He said that Dart Enterprises has asked government to consider allowing an […]
Dart’s property empire spreads to Brac
(CNS): Following mounting speculation that a Dart-owned company had acquired the boutique nine-room resort, Le Soleil D’Or, on Cayman Brac, Dart Real Estate Business Development President Jackie Doak confirmed the purchase Thursday, and said the developer intends to restore the resort to full operations and retain the current staff. While it appears that Dart has […]
Dart chief reveals goal to develop more beaches
(CNS): Mark VanDevelde, CEO of Dart Enterprises, has stated that the company is hoping to begin “thoughtful development in the Barkers area of West Bay” with beach amenities near Villas Pappagallo, among other plans for more development on Grand Cayman’s beaches. According to the developer’s own publication, Camana Bay Times, VanDevelde said there are plans to […]
