Touted as being part of the island’s “most exclusive enclave”, the Mandarin Oriental Residences are now for sale following an official groundbreaking event. The Residences will be situated in an enclave which will also feature the new Mandarin Oriental, Grand Cayman Hotel. Sales of the Residences was launched by Melkonian Capital Management and RAL Companies, who said they were scheduled for completion in Q1 2028. The development, they said, marked Mandarin Oriental’s first new construction resort and residences in the Caribbean and was set to deliver “an unparalleled level of luxury”.
A groundbreaking ceremony, which included Government representatives, Mandarin Oriental Hotel Group officials, and owners, was held on Tuesday, February 11 and which celebrated the construction commencement on two residential offerings, The Beach House and Ocean House Residences. The Beach House collection comprises 20 residences situated atop the 91-key ultra luxury resort complete with a comprehensive array of world-class amenities. Located along Grand Cayman’s iconic iron shore coastline next to the resort, The Ocean House collection features 22 uniquely designed residences within a private, boutique residential building.
The developers said that prior to this official sales launch, strong momentum was driven solely by word of mouth, resulting in over 40% of residences being sold.
“Mandarin Oriental Residences, Grand Cayman offers the rare opportunity to own in one of the Caribbean’s most desirable destinations. The Residences are priced from USD$6 million,” they advised.
“Breaking ground on this new luxury resort and branded residences with Mandarin Oriental is a significant step toward delivering an unmatched residential and hospitality experience on one of the most sought-after destinations in the Caribbean,” said Ryan Melkonian, Founder and Managing Partner, Melkonian Capital Management. “Global demand to date has exceeded expectations, and as we move forward with the public sales launch and construction, we are proud to unite renowned architects, designers, and builders with a storied hospitality brand to create this world-class destination.”
The Residences showcase both indoor and outdoor living with sweeping ocean views, expansive private terraces, and elegantly appointed interiors. The property features a 1,000-foot secluded crescent beach, spa and fitness centre, private infinity pools, diving and various marine activities, and multiple oceanfront dining concepts.
“This milestone represents not only the strength of the Grand Cayman market but the unique appeal of Mandarin Oriental’s five-star service and curated lifestyle,” added Spencer Levine, President, RAL Companies. “With a breathtaking location, sophisticated design, and the prestige of the Mandarin Oriental brand, these residences offer discerning buyers the pinnacle of Caribbean luxury.”
“Mandarin Oriental Residences, Grand Cayman will combine our rich heritage of craftsmanship with a modern vision of exceptional residential hospitality in the Caribbean,” said Francesco Cefalù, Chief Development Officer at Mandarin Oriental Hotel Group. “In partnership with Melkonian Capital Management and RAL Companies, we are thrilled to set a new benchmark of luxury living for homeowners who will enjoy an unparalleled lifestyle rooted in our brand’s legendary service.”
The Residences are located at St. James Point on the island’s southernmost tip, at Beach Bay.
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