Ceremonial Topping Out For Newest Commercial Building at Camana Bay
On Wednesday 27 July, members of Cayman Islands Government, Dart Realty’s and DECCO’s executive team participated in a ceremonial topping out event for the new commercial building at 94 Solaris Avenue, Camana Bay. They were joined by key stakeholders including local contractors and subcontractors, construction workers and future office tenants.
In her opening speech, Jackie Doak, Chief Operating Officer of Dart Realty, explained the significance of the occasion. “A topping out ceremony is usually held to commemorate the completion of the building’s structure. Today, as we lay the final beam in place to complete this building’s framework, I would like to thank our local construction partners and recognise the many men whose hard work has taken this project from ground-breaking to topping out in just six months.”
The celebration marked the latest milestone in a long-term development plan that has had and will continue to have a significant impact on Cayman’s economy, thanks to Dart Realty’s commitment to working with local businesses. Since construction began on the Camana Bay Town Centre in May 2005, Dart Realty has contracted over 200 local companies and provided jobs for over 4000 local workers resulting in a total economic impact of US$826 million to date. In his address, Hon. McKeeva Bush, Premier of the Cayman Islands, thanked both the Dart family and Dart Realty executives for their continued confidence in the Cayman Islands. Looking ahead, he said that “the 20-30 year build out of Camana Bay and the proposed projects associated with the FORCAYMAN Investment Alliance will ensure further growth and a positive future for the country.”
Camana Bay’s newest building, 94 Solaris Avenue, was designed by Washington D.C.-based Torti Gallas and Partners and supported by local architects, the Burns Conolly Group. Scheduled for completion by July 2012, the 68,000 square foot, five storey building will house Class A office tenants and offer restaurant and retail on the ground floor. Taking the top two floors – and the spectacular views of the North Sound on one side and Seven Mile Beach on the other – is anchor tenant Mourant Ozannes who have amassed a string of accolades this year that affirm their status as one of the world’s top offshore law firms.
And in a surprise announcement, Jackie Doak revealed that AON, the largest risk firm in the Cayman Islands and top employer for the past two years, had just signed a lease to take the entire second floor of the building. AON is a leading global provider of risk management services, insurance and reinsurance brokerage, and human resources solutions and outsourcing. As one of Cayman’s first insurance managers, AON is now considered to be a leader in the industry with an unmatched network of resources.
Mourant and AON join a long list of ‘best in class’ businesses that see the Camana Bay Town Centre as the perfect place from which to grow their operations. It is not only the superior business continuity infrastructure that is attracting these industry leaders; consistent with Camana Bay’s New Urbanism design philosophy of live, work, play, Camana Bay also underscores the importance of a quality work and lifestyle environment. Companies who locate their offices in Camana Bay see their employees able to take advantage of a wide range of activities, services and amenities – from ample parking, green spaces, shopping restaurants and the cinema to fitness, live entertainment and medical services.
Jackie Doak also announced plans to construct a sister building to the north of 94 Solaris Avenue, which will provide more Class A office space in the nearly fully occupied Town Centre.
With a commitment to local partnerships and an aggressive long-term development plan, Dart Realty’s vision of a prosperous Cayman Islands for all to enjoy is well on its way to becoming a reality.
Left to right: Hon. Cline Glidden, Deputy Speaker; Hon. Rolston Anglin, Minister of Education, Training and Employment; Hon. Mark Scotland, Minister of Health, Environment, Youth, Sports and Culture; Mark VanDevelde, Director of Dart Realty; Hon. McKeeva Bush, Premier of the Cayman Islands; Dan McLean, Managing Director of AON Insurance Managers; Jackie Doak, Chief Operating Officer of Dart Realty; Morven McMillan, Partner Mourant Ozannes; Neal Lomax, Managing Partner Mourant Ozannes; Cameron Graham, Chief Executive Officer of DECCO; and Hon. Mike Adam, Minister of Community Affairs and Housing are joined by local construction workers to sign the final beam of 94 Solaris Avenue.