May 11, 2021

Cayman Islands: Dart Real Estate and NCB present OLEA: The first for-sale residential development at Camana Bay

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Cayman Islands-based developers Dart Real Estate and NCB Group introduce OLEA, the premier for-sale residential development at Camana Bay, a 685-acre New Urbanist mixed-use master-planned community. The waterfront community will consist of 124 condos, townhomes and duplexes constructed over four phases, located along the southern reach of the Camana Bay Harbour and adjacent to Cayman International School (CIS).

“Over the past 11 years we have seen tremendous growth in the Camana Bay community. This growth continues with the planned expansion of CIS to double the capacity for the number of students, the construction of the new Foster’s Food Fair supermarket and a planned five-star resort on Seven Mile Beach,” said Dart Executive Vice President of Real Estate Development & Operations Justin Howe. “For-sale residential is the logical next step in the master planning of Camana Bay’s community and fills a gap in the market for those who want to live in the amenity-rich environment of the Camana Bay Town Centre.”

Buyers at OLEA can expect quality construction, sustainable building design, beautiful landscaping and the rich amenities that are a hallmark of both Dart Real Estate and NCB’s developments. Sustainable features include solar panels and an advanced geothermal cooling system for each home.

Amenities include a central family park, community garden, fully equipped gym, resort-style swimming pool with expansive deck, outdoor community BBQ and dining area, children’s playground and waterfront boardwalk.

OLEA’s amenities and sustainable features are distinctive among residential communities on Grand Cayman, but the development’s proximity to the Camana Bay Town Centre and Seven Mile Beach sets OLEA apart from other residential offerings currently available in the Cayman Islands real estate market.

Residents of OLEA will live on prime real estate property situated between Seven Mile Beach and the North Sound and can easily traverse from “sea to sound” in the pedestrian-friendly town.

NCB Group’s Managing Director Matthew Wight said his team is proud of the collaboration with Dart to bring the premier residential community to Camana Bay. “Our combined expertise, experience and commitment to building quality, sustainable developments will ensure the success of OLEA and surpass all expectations. Our preview sales launch to employees and tenants of Dart and NCB was met with an overwhelmingly positive response and we are thrilled with the number of reservations to date. It confirms that our vision for OLEA is in line with what the people of Grand Cayman are looking for in terms of homes and communities and we’re excited to unveil this exceptional neighbourhood to the general public.”

OLEA was previewed to NCB Group and Dart Real Estate staff and tenants, who had the opportunity to reserve their choice of home ahead of the public launch. This has resulted in nearly two thirds of 64 available residences in Phase 1 and 2 being reserved to date.

“We knew there was pent-up demand for a for-sale residential community at Camana Bay, but the initial positive feedback received still exceeded our expectations,” said Dart Real Estate President Jackie Doak. “This is a clear indication that Camana Bay plays a pivotal role not only in the development of the community itself but in the wider Cayman Islands economy.”

Designed by Cayman Islands-based architecture firm TRIO, OLEA will feature a range of homes ranging from one-bedroom condominiums to four-bedroom townhomes. The development will break ground in early 2019 with Phase One scheduled for completion by August 2020 and Phase Two by February 2021.

To view Camana Bay’s first for-sale residential development, visit Dart Real Estate’s YouTube page.

For more information on purchasing at OLEA, visit camanabay.com/olea

-ENDS-

ABOUT DART REAL ESTATE
Dart Real Estate is a development company based on Grand Cayman in the Cayman Islands, a British Overseas Territory.

The company’s flagship development is the 685-acre mixed-use, master-planned town of Camana Bay, the Caribbean’s first and only community founded on the principles of New Urbanism.

Dart Real Estate’s portfolio continues to grow with the addition of world-class Seven Mile Beach developments, including Kimpton Seafire Resort + Spa, The Residences at Seafire, The Ritz-Carlton, Grand Cayman, an upcoming five-star resort and residences, and Paradise Villas on Little Cayman.

Dart Real Estate also manages Regatta Office Park, Flagship Building, Island Plaza and the Cayman Islands Yacht Club, and developed the residential neighbourhoods of North Creek and Salt Creek. In addition, the 26-acre Dart Nursery propagates and supplies native plants and trees for all of its developments and properties.

Dart Real Estate strives to enhance the quality of life and to create opportunities for all in the Cayman Islands through purposeful placemaking, meaningful connections and lasting experiences that transcend bricks and mortar.
For more information, visit dartrealestate.com and keep up with the latest developments on LinkedIn and Twitter.

ABOUT NCB GROUP
NCB is one of the Cayman Islands’ premier residential and commercial developers. Established in 2001 by Naul Bodden, the company’s goal was focused on not just building homes but on creating communities and commercial spaces that thrive and remain self-sufficient long after the developer has moved on. With nine distinct service lines including: Design, Development, Construction, Project Management, Property Services, Plumbing, Electrical, Geothermal Cooling and Landscaping, NCB provides a comprehensive and vertically integrated solution to building.

The company’s most recent successful developments include Cypress Pointe North, TIDES, SOLARA and its commercial development – Cayman Technology Centre. NCB has also begun construction on an 80-room (90-key), oceanfront luxury wellness and business boutique hotel in George Town. With a commitment to sustainability and renewable energy, NCB prides itself on building with Cayman’s future in mind.

For more information on NCB Group visit: http://www.ncbgroup.ky or visit them on LinkedIn, Instagram orFacebook.

ABOUT CAMANA BAY
A destination within a destination, Camana Bay is a vibrant town located in the heart of Grand Cayman in the Cayman Islands, a British Overseas Territory.

Situated on 685 acres between Seven Mile Beach and the North Sound, this mixed-use master-planned community is one of the first examples of New Urbanism in the Caribbean. Developed by Dart Real Estate, Camana Bay offers more than 650,000 square feet of commercial space, for-lease residential space, public spaces for all to enjoy, world-class shopping and dining, as well as family-friendly entertainment, events and attractions.

For more information, visit camanabay.com and keep up with the latest developments on Facebook. Follow us onTwitter and Instagram.

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