CAYMAN ISLANDS—In a previous article on GlobeSt.com, we reportedabout Camana Bay's progress and Dart Realty'svision for the community. In this exclusiveQ&A, we chatted with Jackie Doak, chiefoperating officer at Dart Realty, about furtherdetails of the development, the idea of “new urbanism” and the nextchapter for the company.

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GlobeSt.com: Tell me a bitabout the total vision for Camana Bay. I have heard itdescribed as a town unlike anything else in the Caribbean, and,having been there myself, I would agree. What do you think sets itapart?

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Jackie Doak: In conceiving Camana Bay,Ken Dart envisioned a town that would grow overgenerations, promote walkability, encourage community building andincite responsible environmental practices—in short to become themost desired and livable development in the Caribbean.

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For our commercial tenants, Camana Bay's combination of islandliving and city amenities provide competitive advantages inrecruitment and retention. It is truly, "global business, Caribbeancommunity" and the reason why more than 25 of the island's leadingbusinesses have made their home here.

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GlobeSt.com: Your latestbuilding to break ground was 18 Forum Lane, Camana Bay's fourthcommercial building and you already have an anchor tenant in place.What are you seeing in terms of demand from tenants for that typeof space?

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Doak: 18 Forum Lane is in thefinishing stages and is on track to be Grand Cayman's first LEEDGold certified office building as well as the first mixed-usecommercial building in the Caribbean region to achieve thatdistinction. Since we announced our anchor tenant lastsummer—PwC Cayman Islands, which will occupy29,000 square feet—we've seen strong demand from financialservices firms in every sector. We've also had inquiriesfrom companies looking to offshore segments of theiroperations.

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GlobeSt.com: What do thesecompanies seem to be most attracted to about the space you areoffering?

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Doak: They are attracted by theversatility, turnkey office fitouts and energy efficiency of 18Forum Lane—a flexible building for nimble businesses. However, theprimary demand driver is the Camana Bay location and the experienceit offers. This is the reason some of the prime waterfront spacesare able to command up to $55 per square foot (US dollars).

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GlobeSt.com: I recentlywrote about the property being conceived on the principals of newurbanism. Can you further explain what that entails exactly andwhat that term means to you?

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Doak: For Camana Bay, it's designdriven by purpose—a mixed-use community with commercial, retail,educational, recreational and resort facilities, open green spacesand residential properties all within walking distance. On GrandCayman, it also means celebrating life on the water. Visitors tothe Town Centre—as well as professionals who work at offices inCamana Bay—can arrive by boat into The Harbour. Interactivefountains and water features enliven the Town Centre, keeping thespirit of water continuous throughout all 600 acres of the sea tosea community.

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GlobeSt.com: I know yourresidences have a wait list, and you are in early planning stagesof a hotel as well as some condos and single-family homes. What isthe next chapter?

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Doak: We are in the master-planningstages for a luxury resort and residencies on Seven Mile Beach thatwill seamlessly connect with the Camana Bay Town Centre for a "sandto sea" experience. Parallel to the master planning, we are in theprocess of selecting a brand and are considering the full spectrumof luxury operators best suited to grow Cayman's tourism productand help complement the long-term vision for Camana Bay.

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GlobeSt.com: What's nextfor the company as a whole? I have heard plans for expansion. Anyparticular areas of interest? The United States perhaps, or otherislands in the Carribean?

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Doak: Dart does have a regional focusin the Caribbean and we have active projects in the Bahamas andTurks and Caicos Islands. We are also reviewing opportunities onother islands. However, the Cayman Islands remains the primaryfocus of our real estate development and operations.

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The first building to open in Camana Bay was the CaymanInternational school eight years ago. We are almost 20% intoour 50-year master plan, and the Town Centre is thriving. Next, wewill see exciting developments in every area of the mixed-usetown.

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Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.