Business View Caribbean | March 2020

21 BUSINESS VIEW CARIBBEAN MARCH 2020 EDGEWATER DEVELOPMENT LTD . and former Senior VP of Operations for Cayman Airways, Kris Bergstrom still flies on a reduced schedule, while serving as President of the Edgewater Group and providing the creative impetus that’s fuelling the highly successful Edgewater Development. Kris recounts, “My wife, Debi, and I began Edgewater Development back in 1998, primarily to build spec homes after having a tough experience with a couple contractors in building homes for ourselves. We started by building spec homes and building and selling, building and selling. Then we had friends approach and ask us if we could build for them and that’s really the genesis of the business.” That start-up family business has grown from one office over the Bergstroms’ garage to a company that covers the real estate market in Cayman. Building spec homes led to bespoke home building for discerning clients and eventually evolved into a general contracting firm doing store fit-outs and commercial work. As the company grew, the buildings grew in size and value. “A few years ago, we rebranded from Edgewater Development to the Edgewater Group,” says Kris, “and we split off a property management division called Edgewater Properties. My wife became a full broker, listed with the Cayman Islands Real Estate Brokers Association (CIREBA) and took over the real estate side of the business. I still head up the Edgewater Group but we’re now focused into producing our own developments. We started that four or five years ago with our launch product called The Residences at Magellan. Our latest project is called The Meadows in West Bay. It’s a 113-unit townhome development that ranges from one-bedroom to three-bedroom units. It’s a residential community style with a couple of pools, a lake, and clubhouses. This is something I’ve wanted to do for a long time. I came up with the concept, outlined the design, then sat down with the architecture team and they delivered the drawings and the details. The