Today I wanted to speak with you about the Eastern District development and all the exciting things that are happening out there such as the Ironwood development. This is great news for investors, and this will also be good for those of us here in the Cayman Islands.
The Ironwood development is a $360 million development that will cover 600 acres and will be a commercial, tourism, and residential community. It will have stores, hotels, boutiques, a grocery store, a sports training complex, and an Arnold Palmer signature 18-hole golf course. The site will be modeled in the West Indian / Spanish Colonial architectural themes which should blend in well here in the Cayman Islands. It's going to be absolutely amazing, and I think it will benefit our community significantly.
The good news that comes along with this is that there will be a 10-mile extension of the East-West Corridor from Hirst Road to Frank Sound Road, which will make the area much more accessible. Denise Gower of Fountainhead Business Development was quick to outline the importance of this project to the local economy: “The development of Ironwood and the continuation of the East-West Corridor is the catalyst for more development in the area as it provides the nucleus of infrastructure needed to develop beautiful East End and North Side in a responsible and sustainable way”.
I'm guessing that in 5 or 10 years, many people will be thinking that they should have invested in the East End. I know I'm a real estate agent and it's my job to sell property, but I am trying to be very clear here: even I am looking into this development because I have a lot of confidence that this will pan out extremely well.
Aside from this development, there will also be an all-inclusive beach-front resort in the Eastern District and there will likely be an agreement with developers and government to connect the Frank Sound East-West arterial going into East End, and this will just open up the area even more.
Ironwood is a great sign of renewed confidence that has come into the area, and I am looking forward to the prosperity it will provide. This will benefit our community significantly by bringing in foreign investments, creating jobs and opportunities, reducing commute times, facilitating future opportunities for development, and much more.
If you would like more information about these development and investment opportunities, then please feel free to contact me. Don't forget that I can always help you find properties to buy or sell here in the Cayman Islands.
Have a great day!
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