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Wave Crest Development Inc. a California Corporation, incorporated in 1976 solely owns eleven properties in Santa Cruz, CA. These properties include research and development buildings, office buildings, residential projects, and their corporate and support facilities. Wave Crest Development, Inc. is also managing member in Chestnut LLC. As an LLC member, Wave Crest Development, Inc. owns a CVS Pharmacy property in Easton, PA. Wave Crest Development, Inc. also owns a Hardees property in Ninety Six, SC, Burger King properties in Oneonta & Russellville, AL, a Sonic property in Kennesaw, GA, and a Dairy Queen property in Tomball, TX. Additionally, Wave Crest Development, Inc. has Tenant In Common or Delaware Statutory Trust interests in one vacant land parcel and the following seventeen properties:

- Westwood of Lisle - 296,486 SF Office Complex in Lisle, Illinois
- Edgewater Apartments - 228 Apartments in Lake Jackson, Texas
- Cummings Research Park - 672,328 SF Office Complex in Huntsville, Alabama
- Village at Lionsgate Apartments - 360 Apartments in Overland Park, Kansas
- Pinnacle Village - 126,909 SF Retail Center in Overland Park, Kansas
- The Caldwell Building - 59,839 SF Office Building in Greensboro, North Carolina
- Resort at Lake Crossing Aparments - 208 Apartments in Lexington, Kentucky
- Riverbend Executive Park - 154,529 SF Corporate Park in East Hartford, Connecticut
- The Arlington - 34,632 SF Office Tower in Charlotte, North Carolina
- Waterford Place - 400 Apartments in Stockbridge, Georgia
- Carrington Park Apartments - 240 Apartments in Montgomery, Alabama
- Legend at Indian Springs - 212 Apartments in Louisville, Kentucky
- Broad River Trace - 240 Apartments in Columbia, South Carolina
- Encore at the Park - 280 Apartments in Durham, North Carolina
- Azure Apartments - 308 Apartments in St. Petersburg, Florida
- Waterford Landing - 260 Apartments in McDonough, Georgia
- Madison Realty Senior Care - 84 Units in St. George & Providence, Utah

Wave Crest Development takes pride in maintaining our buildings and meeting our tenant’s expansion needs. Our tenants continually tell us how pleasant it is to work with a company that takes care of any issues as soon as they arise and goes the extra mile to make sure they are addressed in a professoinal manner. Wave Crest owns all of the properties it manages and is one of the larger developers in Santa Cruz County.

Carol C. Spragens, President 
Carol C. Spragens graduated from Calvin College in Grand Rapids, Michigan with a BA and later attended the University of San Francisco where she received her Masters degree. For twenty-four years she had dual careers: Teaching and Real Estate Development. For the past fifteen years, she has worked exclusively at Wave Crest Development, Inc., and is presently the President and CEO.

 

In The Community

Wave Crest Development is an active member of the Santa Cruz Community. Members of our staff have been supporting the Harvey West Association for over 25 years. Wave Crest also spearheaded the fundraising drive for the Santa Cruz Homeless Service Center Family Shelter and the Santa Cruz High School Centennial Committee renovations of the high school auditorium and gym. Curently, Wave Crest is supporting the efforts of the Second Harvest Food Bank and the Homeless Service Center Family Shelter.

Awards:

1991 Annual Scope Award, Award for Excellence in “preservation of a Unique Design” for their office building at 530 Chestnut Street.

 

©2006 Wave Crest Development Inc. All rights reserved.

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