Thursday, February 20, 2025
Melkonian Capital Management and RAL Companies have officially unveiled the groundbreaking and public sales launch of Mandarin Oriental Residences, Grand Cayman, a landmark development set to become the island’s most prestigious address. Slated for completion in the first quarter of 2028, this project marks Mandarin Oriental’s first-ever new construction resort and residential offering in the Caribbean, poised to redefine island luxury.
The groundbreaking ceremony, held on February 11, brought together key representatives from the Cayman Islands government, Mandarin Oriental Hotel Group, and project ownership. The event marked the start of construction for two exceptional residential collections: The Beach House and Ocean House Residences. The Beach House residences consist of 20 luxurious units located atop the 91-key Mandarin Oriental Grand Cayman resort, offering an unparalleled level of sophistication and exclusive amenities. Just beside the resort, The Ocean House collection features 22 uniquely designed residences within a private, boutique building, providing the utmost privacy and elegance.
“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.”
Before the official sales launch, the development experienced extraordinary interest, with over 40% of the residences already sold through word-of-mouth alone. With prices starting at USD$6 million, the residences offer an exclusive opportunity to own a piece of paradise in one of the Caribbean’s most sought-after locations.
“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.”
Designed to seamlessly integrate indoor and outdoor living, the residences boast breathtaking ocean views, expansive private terraces, and meticulously designed interiors. Residents will benefit from Mandarin Oriental’s legendary hospitality, personalized concierge services, and access to a variety of world-class wellness, culinary, and recreational amenities. On-site offerings include a 1,000-foot private crescent beach, a state-of-the-art spa and fitness center, private infinity pools, diving experiences, marine activities, and several oceanfront dining options.
Spanning 70 acres of flourishing tropical forest at the southernmost point of Grand Cayman, the residences offer an exceptional level of seclusion and privacy. With 2,700 feet of uninterrupted oceanfront and panoramic views from one of the island’s highest natural elevations—35 feet above sea level—Mandarin Oriental Residences, Grand Cayman presents a rare and exclusive living experience on one of the Caribbean’s most beautiful islands.
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