- Dart News
- 31 January 2018
Dart’s 2017 Year in Review
From acquisitions and anniversaries to astronauts and awards, 2017 was a remarkable year for Dart. Here are the highlights:
From acquisitions and anniversaries to astronauts and awards, 2017 was a remarkable year for Dart. Here are the highlights:
This month, Dart Labs makes a noteworthy public debut, an endeavour of vision and ingenuity that holds a promise of extraordinary things to come.
Dart NeuroScience, a pharmaceutical company based in San Diego and funded by Ken Dart, announced its closure on 7 December 2017. The company’s mission was to research and develop new methods to improve memory function. Despite an investment in excess of $700 million dollars over the past decade, and despite the stellar effort of a capable and dedicated team of highly qualified scientists, Dart NeuroScience has not generated adequate signs of any human memory improvement or motor rehabilitation. The investment required to continue even some of these programmes would run into several billion dollars, with questionable odds of success. As it is clear the investment is not viable, the Board made the pragmatic decision to wind up operations. Every effort will be made to support and assist staff as they seek new opportunities.
Camana Bay’s 10-year anniversary has received a lot of attention, but for Mark VanDevelde, CEO of Dart Enterprises, the past decade has represented less than half of the time he has been involved in seeing the master-planned, multi-decade project reach this point.
Dart’s Executive Vice President of Marketing Pilar Bush discusses the importance of brand and shares some insights into the company’s founder Ken Dart as an investor, real estate developer and philanthropist who has chosen the Cayman Islands for his global headquarters.
The Cayman Islands Yacht Club is home to the Caribbean’s first seabin, a new invention which collects floating rubbish to keep our oceans clean. Sponsored by Butterfield Bank, the seabin is one of only eight in the world.
Dart Real Estate has purchased The Ritz-Carlton, Grand Cayman. The luxury resort property, located along Seven Mile Beach, is an investment that expands Dart Real Estate’s portfolio of tourism assets and reinforces investor Kenneth Dart’s commitment to the Cayman Islands.