Construction starts on 7MB’s latest condo project

| 10/03/2010

Cayman Islands news, Grand Cayman business news, Cayman  property development (CNS): On the drawing board for a considerable amount of time, the next luxury condo development on Seven Mile Beach has taken a serious step towards becoming a reality as the WaterColours development team has formally begun the structural pile testing process. A significant milestone of construction on the 39-unit residential development, this signals the real start of the building work. The developers have also announced that the general contractors on the project will be Arch & Godfrey Cayman Limited.“Arch & Godfrey have been long time partners of the development group, working on past projects such as Water’s Edge,” said Steve Henderson of The WaterColours Development Team.

“Although we tendered out The WaterColours project, it became apparent that the Arch & Godfrey team would be a natural fit and bring the quality and experience necessary to make The WaterColours Condominiums successful. We are delighted to partner with them on this exciting new project, and welcome them once again to the team,” said Henderson. The WaterColours is also working with local architect Michael Meghoo of MJM Design Studio and Matthew Manning of Cayman Engineering and Partners (CE&P).

Kim Lund and James Bovell, owners/brokers of RE/MAX Cayman Islands, are the men behind the sales and they believe the progress of this project will have an affirmative impact on Cayman. 

“There is much excitement around The WaterColours as it is the only new development, in the foreseeable future, being constructed directly on Seven Mile Beach. It will undoubtedly contribute to the economic growth of the Island and is a testament to the resiliency of our resort real estate market,” said Lund, who added that The WaterColours will challenge the standards of construction on Seven Mile Beach and feature an extensive list of amenities comparable to five star hotels but within the privacy of a luxury residence.

Some of the amenities include; beachfront owner’s conservatory with wine storage lockers and full chef’s kitchen, owner’s guest suites, concierge services, valet parking, state-of-the-art beachfront fitness studio with private massage room, underground parking and storage, and 24-hour discrete security.

“The quality of The WaterColours will be incomparable as the developers continually strive to build on the highest specifications, with a focus on safety and security within luxurious and private living quarters,” Lund. “Simply put, it will exceed even the highest of expectations.”

Category: Business

Comments (3)

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  1. Old Caymanian says:

    So farewell Beachclub and the many happy memories of the Hatches and the Fosters in the 70s. This place had character and so did the customers whose likes will not pass this way again. Another hotel less for tourists and no one seems to care. cayman has lost much of its tradition and the almighty dollar rules.

    Good luck to the developers. My hunch is that you will struggle.

    • Anonymous says:

       Finally, new development!  It’s good to see that there will be jobs in the construction industry.  It’s also nice to see that the developers are using local contractors and engineers on this project!

      • Anonymous says:

        Assuming it takes two years then what? This place is for the rich and famous not tourists. Cannot see much employment here. That is if it is finished!