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

Doak: 18 Forum Lane is in the finishing stages and is on track to be Grand Cayman's first LEED Gold certified office building as well as the first mixed-use commercial building in the Caribbean region to achieve that distinction. Since we announced our anchor tenant last summer—PwC Cayman Islands, which will occupy 29,000 square feet—we've seen strong demand from financial services firms in every sector. We've also had inquiries from companies looking to offshore segments of their operations.

GlobeSt.com: What do these companies seem to be most attracted to about the space you are offering?

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

GlobeSt.com: I recently wrote about the property being conceived on the principals of new urbanism. Can you further explain what that entails exactly and what that term means to you?

Doak: For Camana Bay, it's design driven by purpose—a mixed-use community with commercial, retail, educational, recreational and resort facilities, open green spaces and residential properties all within walking distance. On Grand Cayman, it also means celebrating life on the water. Visitors to the Town Centre—as well as professionals who work at offices in Camana Bay—can arrive by boat into The Harbour. Interactive fountains and water features enliven the Town Centre, keeping the spirit of water continuous throughout all 600 acres of the sea to sea community.

GlobeSt.com: I know your residences have a wait list, and you are in early planning stages of a hotel as well as some condos and single-family homes. What is the next chapter?

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

GlobeSt.com: What's next for the company as a whole? I have heard plans for expansion. Any particular areas of interest? The United States perhaps, or other islands in the Carribean?

Doak: Dart does have a regional focus in the Caribbean and we have active projects in the Bahamas and Turks and Caicos Islands. We are also reviewing opportunities on other islands. However, the Cayman Islands remains the primary focus of our real estate development and operations.

The first building to open in Camana Bay was the Cayman International school eight years ago. We are almost 20% into our 50-year master plan, and the Town Centre is thriving. Next, we will see exciting developments in every area of the mixed-use town.