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Prime Low Density Residential and Marine Commercial Development Site - Cayman Grand Harbour
Cayman Grand Harbour is one of Cayman’s most successful multi-use residential, retail, office, and entertainment master-planned communities developed on 190 ± acres in a prime location on the Eastern side of George Town. A Prime Development Site zoned Residential and Marine Commercial. Visit our website for more detail of the Cayman Grand Harbour - Residential and commercial real estate property memorandum and information at: http://www.irgcayman.com Short overview of the property: Block 22E Parcel 447 (part thereof) Grand Cayman, Cayman Islands Section: Prospect, Block: 22E Parcel: 447 Grand Cayman, Cayman Islands
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7/21/2019 Prime Low Density Residential and Marine Commercial Development Site - Cayman Grand Harbour
The information contained herein is believed to be reasonably accurate; however, neither International Realty Group Ltd. (IRG), Keiran Hutchison and Claire Loebell of Ernst & Young Ltd., (‘the Joint Receivers’), nor any of its affiliates, employees, agents, contractors, or
advisors makes any representations or warranties as to the accuracy or completeness of the information contained in this package.
The information contained herein is believed to be reasonably accurate; however, neither International Realty Group Ltd. (IRG), Keiran Hutchison and Claire Loebell of Ernst & Young Ltd., (‘the Joint Receivers’), nor any of its affiliates, employees, agents, contractors, or
advisors makes any representations or warranties as to the accuracy or completeness of the information contained in this package.
The information contained herein is believed to be reasonably accurate; however, neither International Realty Group Ltd. (IRG), Keiran Hutchison and Claire Loebell of Ernst & Young Ltd., (‘the Joint Receivers’), nor any of its affiliates, employees, agents, contractors, or
advisors makes any representations or warranties as to the accuracy or completeness of the information contained in this package.
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The information contained herein is believed to be reasonably accurate; however, neither International Realty Group Ltd. (IRG), Keiran Hutchison and Claire Loebell of Ernst & Young Ltd., (‘the Joint Receivers’), nor any of its affiliates, employees, agents, contractors, or
advisors makes any representations or warranties as to the accuracy or completeness of the information contained in this package.
The information contained herein is believed to be reasonably accurate; however, neither International Realty Group Ltd. (IRG), Keiran Hutchison and Claire Loebell of Ernst & Young Ltd., (‘the Joint Receivers’), nor any of its affiliates, employees, agents, contractors, or
advisors makes any representations or warranties as to the accuracy or completeness of the information contained in this package.
The information contained herein is believed to be reasonably accurate; however, neither International Realty Group Ltd. (IRG), Keiran Hutchison and Claire Loebell of Ernst & Young Ltd., (‘the Joint Receivers’), nor any of its affiliates, employees, agents, contractors, or
advisors makes any representations or warranties as to the accuracy or completeness of the information contained in this package.
Prime Low Density Residential and Marine Commercial Development Site –Block 22E Parcel 447 (part thereof) Grand Cayman, Cayman Islands
• South West facing aerial photograph of Cayman Grand Harbour with Parcel 22E447 (part thereof).Total 84 acres with 36 acres± of developable land and 48 acres± of canals and roads.
GUIDE PRICE: US$6,753,893.40MLS #402369
7/21/2019 Prime Low Density Residential and Marine Commercial Development Site - Cayman Grand Harbour
Cayman Grand Harbour is one of Cayman’s mostsuccessful multi-use residential, retail, office, andentertainment master-planned communities developed on 190 ± acres in a prime location on theEastern side of George Town. Conceptualised in thelate eighties, its developers spent 10 years acquiring,designing and installing the waterway infrastructurefor the community to a higher quality than any otherdevelopment in the Cayman Islands.
The first phase broke ground in the late nineties with
the retail/commercial centre anchored by Hurley’snew supermarket and a selection other high qualitytenants, providing a highly useful amenity to thesurrounding community and forming an anchor thefuture phases of the development.
The next three phases brought some of the highestquality residential canal front lots onto the market inthe form of South Reach, The Isles and The Estates.The engineered lots boast unique keystone sea-wallwhich are fully de-mucked, marl filled to 6’± abovemean sea level, cambered and crested to ensureeffective storm-water drainage.
During Hurricane Ivan these unique selling pointsproved their value and ensured that storm andespecially flood damage was insignificant as mosthomes there and the Shoppes had their ground floorsset well above the 8-foot storm surge. These qualityfeatures have led to the rapid sale and build out ofGrand Harbour to local and international investorsover the past 15 years.
7/21/2019 Prime Low Density Residential and Marine Commercial Development Site - Cayman Grand Harbour
Cayman Grand Harbour comprises a numberof zones for planning purposes, which define
the type, density, height and setbacks of thedevelopment that can occur there.
Parcel 22E447 Zoning
Benefits from the relatively flexible LowDensity Residential Zoning, which permits thesubdivision into further residential parcelsboth canal front and inland.
In addition the parcel includes an area withthe relatively rare Marine Commercial Zoning,which would permit the development of amarina and associated facilities includingretail, commercial, restaurant and hospitalityelement to complement the residentialcomponent to form a Marina Village
7/21/2019 Prime Low Density Residential and Marine Commercial Development Site - Cayman Grand Harbour
Cayman Grand Harbour is located at the gateway between East and Western Districts of Grand Cayman, lessthan 2 miles from the airport and 3 miles from the Town Centre. It’s main road frontage is one of the busiest inthe Cayman Islands with an exceptionally high traffic count.
Parcel 447 comprises approximately 84 acres in total, however 48± acres of the total parcel area forms the canals androad corridors within the development. The remaining 36± acres are prime partially filled land with substantiallycompleted keystone sea wall to the canal this area comprises the Property for the purpose of this bid process. It iszoned Marine Commercial and Low Density Residential and suitable for a marina and associated retail/entertainmentand commercial development as well as a variety of residential development types including condos and single-familyresidences. The developer estimated in 2014 that an additional US$5.1m± would be needed to fill the site to theminimum required elevations above mean sea level and US$200,000± to complete and cap the sea wall. Independentestimates should be obtained to corroborate these numbers.
It is anticipated that the 36± acre parcel will be subdivided off and sold excluding the canals and roads, which wouldremain with the development company and the ongoing management and maintenance of which would become theresponsibility of the various management companies within the Grand Harbour Development.
7/21/2019 Prime Low Density Residential and Marine Commercial Development Site - Cayman Grand Harbour
All inquiries should be directed to the attention of:
Jeremy S. Hurst, Broker/Owner Office: 345 623 1111
IRG – International Realty Group Ltd. Cell: 345 525 9900PO Box 2390, Grand Cayman Fax: 345 623 1112KY1-1105 Email: [email protected] Islands Website: www.irgcayman.com
Disclaimer. Although information has been obtained from sources deemed reliable, the Owners, IRG – International Realty Group Ltd. (the Broker) and/or itsrepresentative, brokers or agents make no guarantees as to the accuracy of the information contained herein, and offers the Property without expressed or impliedwarranties of any kind. The Property may be withdrawn without notice.
7/21/2019 Prime Low Density Residential and Marine Commercial Development Site - Cayman Grand Harbour
The information contained herein is believed to be reasonably accurate; however, neither International Realty Group Ltd. (IRG), Keiran Hutchison and Claire Loebell of Ernst & Young Ltd., (‘the Joint Receivers’), nor any of its affiliates, employees, agents, contractors, or
advisors makes any representations or warranties as to the accuracy or completeness of the information contained in this package.