Above; a rendering of the Gran Palazzo project

By the Caribbean Journal staff

A $200 million condominium project has broken ground in Grand Cayman.

The Gran Palazzo project, the brainchild of Caymanian developer Lewis Ebanks, is located on North Sound at Crystal Harbour, next to the North Sound Golf Club.

The project will include 123 condominium units and townhomes, ranging from $1 million to $2.5 million in price. The units will be distributed across 10 six-story buildings, along with a gym, clubhouse, swimming pools and a “yoga pavilion,” among other amenities.

Cayman Premier Alden McLaughlin was on hand for the ground-breaking ceremony.

“This is a good example that investors are having the faith to put their money where their dreams are,” McLaughlin said. “It is really significant that at this stage, as we start another construction and development boom, that we have a Caymanian developer at the forefront.”