In chatting with Jackie Doak, chief operating officer of Dart Realty, on the subject, she tells GlobeSt.com that there was actually much debate about making the Terraces for lease versus for sale in the planning phases. However, the decision, she says, was to “ensure occupancy year-round since so many second homes are used only four to six months of the year or less.”

According to Doak, this all ties back to the concept of constructing the community building elements of the town first, which she says is contrary to most mixed-use, which has for-sale residential in the mix.

“The school was first, then the core of the Town Centre,” says Doak. “For a town to be alive it has to have residents present, using the public spaces, patronizing the retail, etc.”

But the next development focus in Camana Bay is the resort area west of the Town Center, and she says that that component will have for sale residential. However, she points out that it is being planned using the lessons learned from the Terraces… “that people will pay premiums to live in and near the amenity rich Town Centre.” She adds that “It will be a mix of true vacation home owners who will come four weeks a year or less, seasonal residents and full time residents.”