Crown World Infrastructure update
Over the last 6 months we have been making great progress with the development of our projects.
Below is a detailed explanation of where we are up to with the sites that are currently undergoing infrastructure work.
A team from the UK head office will be going over to the Cayman Islands in May at which point we will update you accordingly.
Little Cayman Estate – Block 91A, Parcel 100
The infrastructure has been fully completed and the final documentation has been received. Title has been issued to all investors who have completed their payment plans.
Dolphin Estate – Block 99A, Parcels 1 & 80
This project is now completed and we are currently waiting for the relevant documentation from the Cayman Lands department, which will enable to start issuing title to all clients who have completed their payment plans. We expect to receive the final documentation at the beginning of May 2013.
Dubli Beach & Golf Resort – 45A, Parcel 129
This is a big site and a large undertaking. The work has been continuing in earnest and 95% of the heavy vegetation is now cleared and the roads have been prepared. The land parcels, common areas, and lakes have been de-mucked whilst the evacuation and hammering of the required plots has finished ready for the fill material.
30% of the plots have had their fill material already and the water main lines have been installed across the whole site.
Planning application has been submitted for the lakes and the professional, surveying and planning services have been completed in relation to the creation of the sub-divisions.
Bijou Beach Resort – Block 53A
The work on Bijou Beach Resort has been occurring in tandem with Dubli Beach & Golf Resort. To date 50% of the dense vegetation has been cleared and the surveying work has been undertaken.
Once Dubli Golf & Beach Resort has been finished then the workforce can focus their attention on this site and work will proceed at an accelerated level.
Ascot Estate - 99A, Parcel 182
Ascot Estate is about 80% complete. So far the site has been cleared and filled with the only work remaining to be done is the wet and compact, apply 6 inch layer of one and a quarter inch crushed rock, wet and compact before applying the asphalt to complete the job.
Lakeside Estate – 92A, Parcels 9-11 & 49
Lakeside Estate is about 75% complete. There is a few hundred feet remaining to be cleared and filled. It already compacted which means that the only work left to be done is to apply a 6 inch layer of one and a quarter inch crushed rock before the wet and compact and the final application of asphalt to complete the job.
Ocean Bay II - 92A, Parcel 148
This project has recently started but no update is currently available. The estimated completion date based on similar sized sites is only a few months.
Ocean View – 92A, Parcel 152
This project has recently started but no update is currently available. The estimated completion date based on similar sized sites is only a few months.
