2 apartment transactions under construction for Charleston; DR Horton buys more land in Berkeley | Immovable

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Two large multi-family complexes are under construction for the Charleston area.

The beach Co. request preliminary approval from the City Design review board for a 240-unit apartment development along the Maybank Freeway at Fenwick Hall Allee, just across the Stono River on Johns Island.

Charleston Real Estate Company Village at Fenwick Apartments will consist of nine three-story buildings just north of the Feeding lion grocery store.

During this time, Haut Real Estate Group wants to build 348 apartments nearby West Ashley High School. The project proposed to Glenn McConnell Parkway and William E. Murray Boulevard will consist of four four-storey buildings.

The owner requests preliminary approval for the development. The DRB will review the requests on Monday.

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The country’s largest homebuilder recently bought another piece of the Wild cats park in Berkeley County.

DR Horton paid nearly $ 3.5 million for 37 lots, or about $ 94,000 per person, for land located in the 2,031-acre parcel off US Highway 176.

About a year ago, the Texas-based developer shelled out $ 25.2 million, or about $ 42,000 an acre, for 604 acres in the Wildcat Tract. This was about 30% of the plot, which equates to about 1,700 houses.

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A Charleston branch based Gramling Brothers Real Estate and Development purchased the Wildcat Tract just west of the 4,500 acre development Planting cane berry for $ 21 million in 2016.

Over half of the area of ​​the Wildcat property has been purchased by builders or commercial users. The site is approved for 5,700 homes under complete construction.

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To reach Warren L. Sage at 843-937-5524. Follow him on Twitter @warrenlancewise.


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