Ebanks says the market’s resiliency is exemplified in Camana Bay’s 2020 occupancy rates, which increased to 98% in the past year as a result of an increasing need for commercial, retail and residential real estate options.
That need also advanced the construction of another structure to the south of the development, Camana Bay’s newest commercial office building, 60 Nexus Way, she said.
“We’re delighted to offer new retail and residential space at Kapok,” says Ebanks. “It will meet the growing demand we are experiencing while being a perfect addition to our property portfolio. And, of course, the building itself will be stunning.”
Location, location, location
Kapok’s location will connect the northern edge of Camana Bay with the heart of its retail row along Market Street, creating a greater sense of place while elevating both the shopping experience and the Town Centre’s walkability.
“We already have existing retail tenants expressing interest in expanding and relocating to Kapok,” says Ebanks. “They understand that it will be a sweet spot for foot traffic with its captive audience of building residents, Foster’s shoppers and people walking or driving by.”
Ebanks says that an opportunity also exists for retail space to be accessed through the building’s lobby, making it an ideal location to cater to residents’ needs such as fitness, wellness and concierge services.
Kapok’s landscape design will feature Camana Bay’s typical use of indigenous flora and tropical shrubs. Naturally, plans will include the towering kapok tree — two of which will be carefully transplanted — punctuating the building perfectly with Mother Nature’s calming influence.
In addition to accepting early interest in the retail space, inquiries are being received for residential rental opportunities, Ebanks said. Although residential pre-leasing will not commence until 2022, interested tenants can contact Provenance Properties — the official Christie’s International Real Estate affiliate — to be added to a waiting list.
“Needless to say, we’re thrilled to offer Kapok,” says Ebanks. “It will add a fresh layer of vibrancy to Camana Bay.”
The Dart leasing team is currently accepting applications for retail leasing only. For more information, email email@example.com or call +1.345.640.3600.
This article will also appear in February’s print edition of Camana Bay Times.