Best Jewelry Store near Nexton, SC

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The local master planned community named the best in the nation has begun work on another phase, on the way to 7,500 residences. This new phase of the Nexton community in Summerville and Berkeley County is expected to add apartments for rent, hotel, office space and 150,000 square feet of shopping and dining space when it is completely built out over the next five to seven years.

Nexton has sold nearly 24 acres to Charlotte-based Crosland Southeast, which plans to develop the new One Nexton segment in multiple phases, starting this coming summer. The first phase of One Nexton will include 351 new apartments and 37,500 square feet of retail space anchored by a Publix supermarket.

One Nexton is consistent with the mixed-use development philosophy of the larger Nexton community, which sits between Interstate 26 and U.S. Highway 176 and was named the “Master-Planned Community of the Year” in 2021 by the National Association of Homebuilders.

Nexton sold 456 homes in 2020 and another 576 in 2021 to earn a spot on the RCLCO Real Estate Advisors list of fastest-growing planned communities. More than 1,800 homes currently comprise greater Nexton, including 250 under construction.

Located at the northeast corner of Brighton Park Boulevard and Nexton Parkway, the first phase of One Nexton will break ground in the summer and is expected to be complete in the fall of 2024.

“One Nexton illustrates that Nexton continues to be a national leader in modern community design,” said Brent Gibadlo, vice president and general manager of Nexton. “By fostering thoughtful commercial and residential growth along Charleston’s I-26 growth corridor, we can provide everything our residents want and need while cutting down on commute times and improving quality of life by allowing them to live, work and play and shop all within a short walk or drive from their homes.”

One Nexton will include green space, parks and trails that connect to the rest of Nexton. The master plan for the entire Nexton development calls for 50 miles of walking/biking trails; 2,000 of the total 5,000 acres set aside for woodlands, wetlands and open space; and 400 acres of office, commercial and retail.

One Nexton is the latest phase of the community, built one section at a time over the past decade. Originally developed by WestRock, the real estate company that was formed from lumber giant MeadWestvaco. Today, the development is under development by Brookfield Residential, which acquired the previous developer, Newland, last year.

Nexton’s previous phase to begin development was Midtown, five districts built around a central area of shops, restaurants and a wellness center complete with tennis center, lap pool, yoga studio and more. That followed on the heels last year of Downtown Nexton, 100 acres between Sigma Drive and Brighton Park offering the same amenities and walkability.

OMNI INDUSTRIAL CAMPUS EYES JUNE FOR COMPLETION DATE

BERKELEY COUNTY, S.C., March 6, 2023 /PRNewswire/ -- The final development lot within the Omni Industrial Campus is set to deliver 1.33 million square feet in June of this year, filling out one of the most prominent and successful industrial parks in the Charleston region. Developed by a partnership between Clarius Partners and Stonemont Financial Group, leased by Bridge Commercial, the three-building project located on the 100 acre Lot 1 of the park will offer tenants occupancy ready, state-of-the-art, best in class, modern distribution and or manufacturing space.

With the initial building, Building 2, pre-leased to a long term build to suit user, the remaining two buildings, Buildings 3 and 4, (totaling ±971,000 square feet) are being developed speculatively and are available for lease. Both buildings feature 36' clear heights, ESFR sprinkler systems, LED warehouse lighting to 30 fc throughout and a full complement of 40,000 lbs. capacity loading dock positions. These buildings will also feature speculative office space to allow for immediate occupancy in June of 2023.

Building 4, at ±607,000 SF, is a cross dock building targeted to accommodate high volume distribution needs with ample trailer storage on site. Building 3, at ±365,000 SF, provides an alternate front park, rear load configuration, designed to attract a variety of smaller tenant spaces,100,000 SF and above. Supplemental circulation/driveways provide multiple or separate access points between the two buildings benefitting both single tenant or multi-tenant occupancies. These two buildings will offer solutions to a wide range of user types and sizes, all benefitting from Omni Industrial Campus' immediate proximity to the both the Jedbug Road and Nexton Parkway interchanges on I-26. Further, Tenants choosing to locate at the Omni Industrial Campus will enjoy competitive and consistent operating expenses, thanks in large part to a pre-negotiated FILOT agreement in place with Berkely County.

This announcement comes on the heels of a record-breaking year for the South Carolina Ports, handling nearly 2.8 million TEU's at the Port of in 2022, positioning it as one of the top ports for cargo volume along the East and Gulf Coasts. Together with explosive growth in the greater area this makes Omni Industrial Campus a prime location for companies looking to expand their operations for either distribution or manufacturing uses.

For more information or media inquiries, please contact with Pearl Public Relations at .

Bridge Commercial is a regionally focused commercial real estate firm headquartered in . Our brokers are best in class and known nationally for their experience and expertise. We offer a variety of services including tenant representation, owner representation, investment sales, strategic planning, site selection, and consulting services.

Stonemont Financial Group specializes in investing across a broad spectrum of real estate asset classes and geographies to deliver attractive risk-adjusted returns. Stonemont offers diversified and differentiated real estate investment strategies and vehicles to institutions, family offices, trusts and high net-worth individuals. The firm's founders and managing principals have a combined track record of more than 60 years' experience and invested.

Clarius is a full-service real estate investment and development company managing select, Class-A industrial, cold storage, hospital, medical office, corporate office and land development investments on behalf of the principals of Clarius as well as third-party real estate investors and owners. Clarius' completed and ongoing projects total over 16 million square feet of ground-up development delivered in multiple markets across . Through its deep industry knowledge and extensive network, Clarius Partners aspires to deliver exceptional development results with quality, clarity and integrity.

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A recently completed Summerville-area apartment complex is under new ownership.

Terwilliger Pappas Multi-Family Partners of Raleigh and Charlotte recently sold the 320-unit Solis Nexton complex at 6000 Front St. in the Nexton development for $78.4 million, according to Berkeley County land records.

The new owner of the one- to three-bedroom units in nine three- and four-story buildings near Flowertown is West Shore Nexton LLC of Boston.

The 11-acre site sits on the southwest corner of Pace and Front streets between Sigma Drive and Brighton Park Boulevard.

Changing hands

A vacant parcel near a high-traffic intersection in Goose Creek is slated for new commercial development.

Mims Amusement Co. recently sold a 2.1-acre tract at 108-112 Red Bank Road to JMCS Holdings Inc. for $1 million, according to Jack Owens with the commercial real estate firm NAI Charleston, which represented the seller. Lawrence Richard of Carolina One Real Estate represented the buyer.

JMCS is registered to Michael Scarafile, president of Carolina One Real Estate. He said the Habitat for Humanity of Berkeley County ReStore, currently across the street at 1 Belknap Road, plans to relocate into a new building on part of the recently acquired parcel.

A brewery-type restaurant with outdoor space is planned on the rest of the land. The tract is between a graffiti park and Gary Street, not far from U.S. Highway 52, also known as Goose Creek Boulevard.

Construction on the Habitat store could begin in three to six months with work on the restaurant/brewery business afterward, according to Scarafile.

Taking shape

Development is beginning to take shape on a new multifamily complex five years after plans were first submitted to Charleston.

Property owner Hawthorne at Daniel Island Apartments LLC recently cleared about 10 acres at 2800 Clements Ferry Road near Interstate 526 to build the 210-unit Hawthorne at Clements Ferry rental housing structure.

The Greensboro, N.C.-based firm bought the marshfront tract near the Cooper River marsh in 2018 for about $2.6 million, according to Berkeley County land records. The site is directly across from the I-526 eastbound on-ramp to Mount Pleasant. The development will include two five-story buildings, one with 111 units and one with 99 units, according to plans submitted to the city of Charleston.

New homes

Mungo Homes plans to build more houses in the Long Savannah development in West Ashley.

The Irmo-based builder recently submitted plans to the city of Charleston to build 237 houses on about 56 acres at the end of Barons Drive. Part of the development would border the backside of the houses on Blue Dragonfly Drive in the Hamilton Grove at Grande Oake neighborhood.

The builder paid $11.75 million for the land off Bees Ferry Road last March, according to Charleston County land records.

Partnering

A Charleston-area real estate firm has joined forces with a Lowcountry homebuilder to market a new development in coastal North Carolina. Carolina One New Homes will handle sales for Johns Island-based New Leaf Builders’ waterfront Riverlights community in Wilmington.

The master-planned community is along the Cape Fear River.

Locally, New Leaf builds homes in Daniel’s Orchard in Summerville, Nexton near Summerville, Middleborough at Shadowmoss Plantation in West Ashley and Hayes Park on Johns Island.

South Carolina home sales dipped to their lowest level in five years in January while prices went in the opposite direction.

Residential transactions dropped nearly 32 percent last month compared to the same month a year ago, according to preliminary data from the S.C. Realtors Association.

In January, 5,152 homes changed hands statewide, the lowest number since January 2019.

Sales have now been down for 14 consecutive months across the Palmetto State. The median price, however, continued to climb, rising 7.7 percent to $307,500. That’s about $22,000 more than January last year and $105,000 higher than in January 2019.

Rob Woodul, president of S.C. Realtors and an agent with Carolina One Real Estate in Charleston, said the lower sales reflect a normalization of the market to 2019 numbers “from the craziness of the past couple of years” brought on by the COVID-19 pandemic.

He also pointed out the December-February period is usually the slower time of year for home sales and looked to an uptick in the warmer spring-selling season, based on recent market activity of pending contracts.

For the year, Woodul predicted residential transactions will be “flat or a little above” 2019′s numbers. The higher cost of borrowing, persistent inflation and lack of available homes continue to hinder the market.

All 16 housing submarkets in the state reported double-digit sales declines, with some of the bigger metropolitan markets tumbling more than 30 percent from a year ago, just before the Federal Reserve began raising interest rates to try to tame inflation.

Charleston, the state’s largest market by volume, posted a 36 percent drop in closings. Myrtle Beach, the second-largest market in terms of sales, slipped 29 percent. Columbia saw a decline of 30 percent while Greenville was down 31 percent.

Hilton Head slid 39 percent while Rock Hill dipped nearly 32 percent.

Pricewise, every metropolitan area in South Carolina posted increases from more than 4 percent to nearly 9 percent. Myrtle Beach saw a 16 percent surge over the same month a year ago. While sales were down in January, the median price came in higher at every submarket except the Anderson-based, three-county region in the state’s northwest corner.

As for rising prices, which continue to put homes out of reach for many would-be buyers, Woodul pointed out a simple axiom of economics.

“It’s supply and demand,” he said.

Housing inventory hasn’t kept up with those wanting to buy a home during the past decade because homebuilders are reluctant to overbuild after being burned during the deep recession of 2008, Woodul noted.

Across the state, Hilton Head Island continued to post the highest median price at $500,000. Charleston ranked second at $380,000 while Rock Hill, in the growing suburbs of Charlotte, came in third at $374,500.

Beaufort wasn’t far behind at $366,000, with Myrtle Beach showing $313,000 and Greenville at $300,000.

Several areas reported median prices between $250,000 and $300,000, including Aiken, Columbia, North Augusta and Spartanburg. Those between $200,000 and $250,000 were regional offices in Anderson, Gaffney, Greenwood and Sumter. Those below $200,000 included Florence and Orangeburg.

Along with elevated home prices is the higher cost of borrowing.

Home loan financier Freddie Mac reported Feb. 23 the average rate on a 30-year, fixed-rate mortgage edged up to 6.50 percent. The average rate on a 15-year note rose slightly to 5.76 percent. Both rates were between 3 percent and 4 percent at this time last year.

“The economy continues to show strength, and interest rates are repricing to account for the stronger than expected growth, tight labor market and the threat of sticky inflation,” said Sam Khater, Freddie Mac’s chief economist.

SUMMERVILLE, S.C., July 21, 2022 (GLOBE NEWSWIRE) -- Terwilliger Pappas, one of the Southeast’s premier multifamily property developers, is nearing completion on Solis Nexton, adding to its roster of 32 complete properties. Under the company’s marquee Solis brand, the newest property features 320 apartment homes in the Nexton neighborhood of Summerville. The project team includes Summit Contracting, Group 4 Architecture, Cline Design Associates, Seamon Whiteside and management company, Lincoln Property Company.

Welcoming home its first residents on July 29^th, Solis Nexton offers contemporary finishes such as granite countertops, stainless steel appliances, custom kitchen islands with sleek shaker-style cabinetry and modern hardware. Solis Nexton’s extensive amenity list includes a saltwater pool, expansive fitness center and yoga studio, local hot and cold brew coffee on tap, community dog park and pet spa, and a business center brimming with work from home opportunities. The community is located just steps from Nexton Square, placing residents moments from Nexton’s premier attractions such as Hall’s Chophouse, Taco Boy, Poogan’s Porch, and Page’s Okra Grill.

“Solis Nexton will provide our residents the full complement of amenities found in all of our Solis communities while honing in on the signature neighborly spirit of Nexton,” said Tom Barker, Regional CEO of Terwilliger Pappas. “Positioned minutes from top employers, schools, conveniences, entertainment, and walkable to all the perks of Nexton Square, living at Solis Nexton puts residents at the pulse of the Nexton community, and we are excited and honored to be the newest addition to the neighborhood.”

Lincoln Property Company will serve as the management company and has already begun pre-leasing apartment homes at Solis Nexton. Lincoln currently manages 11 active communities in the Charleston area and is thrilled to be working with Terwilliger Pappas and the Nexton team on this project. “We are looking forward to welcoming the first members of the ‘inner circle’ here at Solis Nexton later this July,” said Danielle Lombardi, Business Manager at Solis Nexton. “This community is truly a place to enjoy the brighter moments and we’ve really perfected the resident experience to be one that is second to none in the Summerville submarket.”

To explore the collection of studios, one-, two- and three- bedroom offerings at Solis Nexton- visit: 6000 Front Street | Summerville, SC 29486 or call to schedule your tour today: (854) 300-4913. You may also visit the community online and explore virtual touring options at: www.solisnexton.com.

For more information on Terwilliger Pappas or its 32 properties, please visit www.terwilligerpappas.com.

About Terwilliger Pappas

Founded in 2013 by J. Ronald Terwilliger and Peter A. Pappas, Terwilliger Pappas develops best-in-class multifamily apartment communities in the Southeast’s most appealing submarkets. Terwilliger Pappas communities are identified by their marquee brand, Solis, and reflect the company’s elevated design emphasis resulting in the highest quality communities for residents, investors, and partners. Terwilliger Pappas is based in Charlotte, with regional offices in Raleigh and Atlanta.

About Solis Nexton

Solis Nexton is a vibrant community in the heart of the award winning, master- planned Nexton community. Enjoy our contemporary aesthetic, ideal amenities, and neighborly atmosphere while just steps away from renowned restaurants, shopping, and entertainment. At Solis Nexton, you’ll live a bit brighter. Welcome home.

About Lincoln Property Company

Lincoln Property Company was founded in 1965 by Mack Pogue as a builder and operator of high-quality residential communities. Headquartered in Dallas, Lincoln focuses on real estate investment, construction and development, in addition to property management. In 2019, Lincoln Property Company’s residential division formed a strategic partnership with Cadillac Fairview (CF), a globally focused owner, operator, investor, and developer of best-in-class retail, office, residential, industrial and mixed-use assets. Wholly owned by the Ontario Teachers' Pension Plan, CF manages in excess of $36 billion of assets across the Americas, Asia, and the United Kingdom, with further expansion planned into Europe. Lincoln is currently the second largest multifamily manager in the United States with more than 210,000 units under management. For more information about Lincoln Property Company, please visit www.lincolnapts.com/business-services.

Media Contact:Tom BarkerTerwilliger Pappastbarker@terwilligerpappas.com919-585-5191