Blog Posts

The Kimpton group plans to name its 10-story Grand Cayman hotel the Seafire Resort and Spa, Seven Mile Beach. The name was inspired by the fiery sunsets over Seven Mile Beach, according to Kimpton CEO Mike DeFrino. Officials from the San Francisco-based hotel chain were in Grand Cayman on Wednesday to launch the brand of the new hotel, owned and built by the Dart group.

A few years ago the MLS (Multiple Listing System/Cayman Islands Real Estate Brokers Association-CIREBA) members listed the total number of inventory (properties and land) for sale at around 2,200. Today, as at the time of writing (end of September) that figure has decreased dramatically to 1,572. This drop of approximately 30 per cent alone is a huge indicator of how the market has changed in recent years. We have gone from a high amount of inventory to a considerable drop, which will in turn drive up prices further, I believe, as there will be less choice for buyers, inevitably resulting in a sellers market.

A record number of turtle nests have been recorded in Little Cayman this year.

Expansions to two hotels and a new government-funded swimming pool are in the works for Cayman Brac.

Major changes to the road network around Camana Bay, including moving a section of the highway and building a new underpass, have been approved by the Central Planning Authority.

A second golf course has been added to plans for the proposed Ironwood resort, and the developments project director is predicting a 2018 opening date.

A $50 million expansion of Owen Roberts International Airport has been approved by the Central Planning Authority.

A new stretch of road has opened connecting the airport directly to North Sound Road, bypassing Industrial Park. Plans for the short connector road were gazetted more than a decade ago. The work, which began in late May, was completed this month.

Health City has opened a new sleep lab to treat, diagnose and study a range of sleep disorders which doctors believe could be contributing to other illnesses. Patients can spend the night at the lab while doctors monitor brain flow and breathing patterns using sophisticated equipment, including electrodes attached to the head and body.

Construction of the long-planned vehicular underpass on the Esterley Tibbetts Highway at Camana Bay could start as early as next month, according to a Dart spokeswoman.