Edgewater Development Ltd

67 BUSINESS VIEW MAGAZINE VOLUME 9, ISSUE 12 the company to push everything forward. “You don’t have worse timing than that,” Bergstrom admits. “We didn’t get anything done for the better part of ten months and finally started construction in September of 2021.” After the easing of lockdown restrictions, Edgewater is now in phase one of the development, having sold close to ninety-five percent of the units. “We are putting in the final roofing and windows,” Bergstrom says. “The rest of the infrastructure is already in place, like the pool, clubhouse, sewerage, and electrical lines and boxes.” “We’re coming into the most exciting part - the finishing work where we start putting color, doors, fixtures, and other finishings on the buildings. We’re hoping to start handing over units by the end of the second quarter of next year. We’ve conveyed this to our buyers, who have been extremely understanding. We originally had a completion date of January 2023, so despite losing ten months, we’ve made up some of that time and only slipped around six months.” The success of these two projects has provided the impetus for Edgewater to go for a third project, with Bergstrom arguing that using this momentum makes it easier to maintain the same team. “With every new project, we must assemble a team, which can be challenging if you want to collaborate with the same people every time. Sometimes they’ll have other projects making them unavailable. We plan to string together our projects so we have the same people for each project.” With this focus, Edgewater recently sent preview notifications for a new development to its former buyers and those who’ve shown interest. Bergstrom says the response has been overwhelmingly positive.