The most prestigious redevelopment of Cayman Islands have started
With an overwhelming show of support, the owners of Lacovia have given their resounding approval for a $350 million redevelopment project, securing a bright future for this prominent landmark.
With a strong show of unity, the owners demonstrated their commitment by rallying behind the redevelopment proposal, surpassing the statutory requirement with over 90% support.
Andrew Bolton, Chairman of the strata’s Executive Committee, commented “The Executive Committee is delighted by the resounding mandate from the ownership group. This is the result of a lot of hard work by the Executive Committee and a testament to Bronte’s expertise. Their ability to assemble a world-class team has been pivotal in orchestrating this first-of-its-kind project here in the Cayman Islands”.
Handover Set for September.
As the transformation gears up to commence in September, IP Driver Ltd, the local subsidiary of the Canadian firm JV Driver Construction Ltd, will orchestrate the preparatory work, paving the way for demolition. Established in 1989, the JV Driver Group, is a leading construction consortium, with revenues in excess of $1 billion annually. The company is structured in eight separate enterprises operating across Canada, in the USA, Scotland, the Caribbean and Africa.
Grand is not a status that comes easily.
Against the backdrop of this grand revitalization, only 15 units remain available for sale. As the project gains momentum, those looking to secure their slice of paradise are encouraged to act swiftly.
“With raw land increasingly scarce on Seven Mile Beach and a lack of new developments on the horizon, the remaining units at Lacovia are considered a rarity.” said Stefan Cohen, Owner/Director of The AgencyRE Cayman Islands.
“In addition, Lacovia will offer the ultimate in resort-style versatility for those looking to achieve attractive rental yield opportunities through short term rentals.”
With raw land increasingly scarce on Seven Mile Beach and a lack of new developments on the horizon, the remaining units at Lacovia are considered a rarity.
Lacovia’s redevelopment is more than just bricks and mortar; it’s a testament to the power of a shared vision. As September approaches, the countdown to a new chapter for Lacovia begins — one that promises to elevate elegance, luxury, and life on Seven Mile Beach.
