Frank Schillings $18 Million 27 unit apartments approved by CPA.

| 14th May 2021 | 2 Comments

(RCN) Frank Schilling’s $18 million dollar apartment complex was approved by the CPA, on Wednesday 12th of May. Frank Schilling is known for the company he started, Uniregistry. Mr. Schilling sold Uniregistry to GoDaddy for $196.2 million dollars and has an estimated net worth of $500 million dollars.

The complex. which will have 3 buildings and 27 units. Mr Schilling told reporters from Real Cayman News, The Cayman Compass and Cayman News Service, that he expects that the apartments will be bought by caymanians. The apartments will cost around $800,000.

Former owner of Uniregistry, Frank Schilling.

Mr. Schilling also mentioned his vision to have low-cost housing in the Cayman Islands and has land behind the Government Admin building, which he hopes to build a 7 story low-cost housing facility.

Category: Politics

Comments (2)

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  1. Anonymous says:

    in instances like this 10% of the value of the development should be given to the National Trust to assist with land purchases in areas that need the most protection.

  2. Anonymous says:

    Mr. Premier, how is development being developed for Caymanians when the majority makes under $3k per month? Also, how is this protecting the environment and turtles?

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