Business View Caribbean | Volume 8, Issue 6

45 BUSINESS VIEW CARIBBEAN VOLUME 8, ISSUE 6 EDGEWATER DEVELOPMENT LTD sector in the Cayman Islands and exciting projects on the go for Edgewater Development Ltd. BVC: With construction deemed an essential service during COVID, how were you impacted? Bergstrom: “We had a pause for about three months when the country went into lockdown from March through June 2020. However, once we were able to go back to work, the country opened up very quickly because of the policy they had taken to close our borders. We had a substantial backload of projects on the island, not just for my company but for the industry in general. “With the tourism sector closed, we were an industry that was looking to get the economy back on its feet, so we were one of the earliest industries to reopen – with protocols in place. And that really was a boon to the whole country, not only from a financial aspect but I think coming out of being locked down, and the mental aspect. And then we achieved a status in Cayman where we had no person-to-person transmissions locally because of our closed border policy and anyone coming into the country had to quarantine. So the government of the day and the medical director did a stellar job of getting us to a position where, now, life is as normal as it can be. “The result has been unfettered work. We have strong demand in the market here and Edgewater Development is busier than ever right now. We recently completed a multi-apartment block complex that has been turned over and is fully occupied. And we’ve broken ground on our own big development called The Meadows. Presales have been strong for us to pull the trigger and start construction.”