A 70-acre site in South Sound has received approved zoning for Cayman Enterprise City proposed campus.
The Planned Area Development approval provides general permission for Enterprise City’s envisaged overall master plan that was supplied during a meeting of the Central Planning Authority on Thursday 10th December.
Enterprise City will still need to apply for separate planning approval for each phase of the project, which when completed will see a cluster of office buildings, homes, restaurants and a hotel surrounding a man-made lake.
The first phase of the project will see an application for two five-story “gateway” office buildings early next year.
Chief development officer for the zone, Cindy O’Hara, has said that there are already enough businesses to fill the first building.
“It is not a case of build it and they will come, it is more a case of build it because we need it now”.
180 businesses within the zone that are currently housed in rented accommodation will be the first tenants.
Each phase of the project must be completed before the next is started. The entire development will be built in four phases over thirty six years. Ms. O’Hara believes the master plan is flexible enough to accommodate “organic growth” of Enterprise City.by