Family Photographer in Nexton, SC

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At the mid-year point, South Carolina boasts three of the top-selling 50 master-planned communities in the U.S.

RCLCO Real Estate Consulting ranked Cane Bay Plantation in Berkeley County at No. 5 with 525 sales during the first six months of 2022. That’s down 9 percent from last year’s midpoint.

Nexton, also in Berkeley, came in at No. 22 with with 308 sales, down 5 percent from the first six months of last year.

Latitude Margaritaville in Hardeeville near Hilton Head Island ranked No. 39 with 234 sales, down 29 percent from last year from January through June.

The top-selling, master-planned community continues to be The Villages, between Ocala and Orlando, Fla. It had about 1,500 sales, down 25 percent from last year at the midpoint.

Almost all of the top 50 are in the southern tier of states. Texas posted the most with 20, Florida landed 15, Nevada had four, California and Arizona saw three each, and Utah and Washington state notched one each.

Total new home sales among the 50 top-selling master-planned communities declined by 18 percent in the first half of 2022 compared to the same time period last year, according to RCLCO.

“Supply chain issues and inadequate new home inventory have continued to pose problems for developers, as price increases and interest rate hikes have begun to impact traffic from potential buyers in recent months,” RCLCO said in its mid-year report.

Nationally, the average price among all new single-family homes is up 15 percent since mid-2021.

“The results of this updated mid-year report confirm that supply chain disruptions continue to have an impact on the ability of master-planned communities to meet new home demand, though climbing interest rates and price appreciation??????? have begun to have an impact on that demand, at least in the near-term,” said RCLCO principal Karl Pischke.

“However, it is important not to overreact to the slowing of sales seen over the last year, as these are still short-term trends,” he said.

“The long-term future of the for-sale housing industry, as evidenced by favorable demographic tailwinds, is strong,” Pischke said. “And the future of master-planned communities, particularly in their ability to capture an outsized share of buyer demand during uncertain or difficult economic times, provides another reason for optimism.”

An affiliate of King and Society Real Estate of Charleston bought the 1.5-acre parcel in 2019 for $1.25 million and plans to open a 38-room new lodging??????? with a restaurant and other amenities on the edge of Beresford Creek.

4427: Address on Spruill Avenue in North Charleston for a new alcohol-making business called Wind & Waves??????? Brewing.

28,200: Square footage of new Buy Buy Baby store soon to open in North Charleston. It’s the company’s second store in South Carolina.

5,703: Square footage of new sports bar The Natural coming to Johns Island, tentatively in mid-August.

+ Sold: The historic Two Meeting Street Inn changed hands earlier this month for nearly $7.7M. It’s had just two previous owners in its 131-year history.

+ The scoop: Jeni’s Splendid Ice Creams plans to open a second Charleston-area venue in Mount Pleasant Towne Centre.

+ Breaking ground: Charleston kicks off work on $42 million affordable senior housing complex??????? at former Archer School.

Developers Capital Square and Method Co. plan to open the 50-room ROOST Apartment Hotel??????? by early 2024 at the site of the former Dixie Furniture Store at 529 King St. in downtown Charleston.

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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

While Alzheimer’s disease has traditionally been a painful subject that many have previously kept in the shadows, Lake Murray-Irmo Rotary officer Rod Funderburk is pulling out all stops to shine a light on the incurable — and highly pervasive — malady.

As the President of The Cart Fund, Funderburk is visiting with several organizations in the quest to raise monies for research that will lead to permanently thwarting Alzheimer’s. One of his most recent public appearances saw the USC graduate share his knowledge at the Rotary of Club of Summerville’s Feb. 1 session at the Nexton Hilton Garden Inn.

Funderburk invited the audience to imagine a few all-too-common scenarios that some of our parents, grandparents, friends and relatives unexpectedly encounter on a frequent basis.

“You’re in a parking lot, I don’t care what parking lot, and you are looking around. You can’t figure out where you are and you don’t remember how you got there,” he began.

“You are in a room. Somebody is talking to you and you’re studying their facial expression and studying their voice inflection — and trying to figure out who this person is.”

When introducing a third scenario, he asked listeners to picture themselves at a table filled with sumptuous food. But despite being hungry, they are paralyzed by the fact that they don’t know how to feed themselves despite the presence of kitchen utensils.

“Any of these three can be an Alzheimer’s patient. Alzheimer’s is a dreaded disease. It affects families just like it does a patient, and so it’s a cloud that hangs over our heads. And it’s a cloud we don’t want to deal with.”

While people typically equate Alzheimer’s with the deterioration of one’s memory, Funderburk depicted the condition as a series of neurological hiccups emanating from the brain.

When the million or so neurons — functioning as the connectors that move messages from the brain down to other parts of the body — misfire, he explained, those mental directives experience a lag or get diverted, resulting in the affected individual’s inability to perform mundane tasks.

“That happens millions of times a day with all kinds of decisions you try to make. If the neurons are not working, the messages get slowed down. Sometimes that’s not a big deal and sometimes that’s critical,” continued the guest speaker who also serves as a independent energy consultant.

Local Rotarians also learned that even though Alzheimer’s disease was initially identified in Frankfurt, Germany in 1906, it took about 90 years before a concerted effort was made to examine the affliction, which ranks as the sixth leading cause of death nationwide behind heart disease, accidents, COVID, stroke and chronic lower respiratory diseases.

Funderburk noted, however, that while the five diseases ahead of it all have preventions and cures, Alzheimer’s currently has neither.

The reason for this, according to Ten-Star Rotarian and benefactor, is that back in 1996 fewer than two cents for every medical research dollar was being invested in Alzheimer’s.

It wasn’t until former Rotary Club of Sumpter member Roger Ackerman — who passed in 2018 — inspired his fellow Rotarians to begin collecting change for research that extensive studies took flight.

Those donated monies, recounted Funderburk, were tucked away into research grants that are annually awarded to scientists/physicians who are plugging away in hopes of unearthing a silver bullet that can ultimately neutralize the form of dementia afflicting one in eight people 65 and older.

It was noted that Ackerman was the driving force behind creating what would be known as The CART (coins, checks, credit cards, cash for Alzheimer’s research trust) Fund, which reportedly dedicates 100 percent of monetary contributions to research.

The first grant in 1999 poured money into Dr. Allan Levey’s discovery of LR 11, a human gene mutation recognized as the greatest risk factor in predicting the late onset of Alzheimer’s disease.

What the conclusive study proved is that every Alzheimer’s patient possesses the LR 11 gene (sometimes referred to as SR 11). On the note, Funderburk clarified that not every individual with the LR 11 gene will develop symptoms of Alzheimer’s.

“We Rotarians in CART do not give money to our friends. We have a science and review panel that tells us who to pay because of their propensity of success,” he added.

Over the years, inroads have been achieved relative to doctors now using innovative methods to detect this most prevalent form of dementia, including placing anything from spinal and eye fluid under the microscope to analyzing blood samples.

But until a cure is found, certain measures only serve to delay the progress of Alzheimer’s in folks at risk of contracting the life-altering disorder. To that end, Funderburk advised adopting a diet rich in greens, fruits and fish, as well as recommending that people embark on a “vigorous” cardio exercise routine.

In the meantime, the numbers only continue to increase for the insidious disease, as there’s been a 145 percent rise in diagnosed Alzheimer’s cases in the U.S. over the past decade. Moreover, two-thirds of current Alzheimer’s patients are women.

What’s more, though the total of Alzheimer’s patients in the U.S. is about 6.5 million, The CART Fund president and spokesperson estimates that twice as many are victims of Alzheimer’s who have yet to be diagnosed.

“I’m sure you’ve read in the paper or in magazines [about] wonderful breakthroughs in the Alzheimer’s area,” concluded Funderburk. “Some of those are in trials, some of those have already failed. We’re looking forward to one of them succeeding.

“We are chasing a cure; we really are. You can be the power of one. Your contribution can put us over the hump and fund the researchers who can actually find the cure.”

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A new office and commercial condominium development is coming to Summerville.

Atelier Downtown Nexton is planned by an affiliate of New Jersey-based Sharbell Development on 7.5 acres on Brighton Park Boulevard off of U.S. Highway 17A.

Located in the developing mixed-use Nexton community, the project″s campus-like setting will include multiple two-story buildings up to 18,000 square feet. Office, service and commercial space will be for sale or lease.

“The design for Atelier Downtown Nexton was inspired by a modern think-tank environment with common green spaces and connectivity to the surrounding community,” said Thomas Troy, president of Sharbell Nexton LLC.

He called the finished product a place “where work happens, creativity thrives and people want to be.”

The project is expected to break ground later this year, with the first phase completed in 2024.

Bridge Commercial will provide leasing and sale services for Atelier Downtown Nexton.

Downtown Nexton is a nearly 100-acre development between Sigma Drive and Brighton Park Boulevard. When completed, it will provide retail, dining, hospitality, residential, service, office and commercial options within walking distance of many of Nexton’s neighborhoods.

Previously announced plans include The Ames multifamily community, The Lofts mixed-use development and Daybreak Market and Fuel.

A six-story building with 134 studio-only apartments is planned on Spring Street in downtonw Charleston.

11: Number of new gates proposed in the 20-year expansion plan for Charleston International Airport.

19: Number of Chick-fil-A restaurants now serving the Charleston area after the recent opening of a new restaurant in Berkeley County.

26: Number of years women’s clothing store Ellington??????? has operated in Charleston before recently moving off the peninsula.

+ Rezoning rejected: Developers’ plans to build a 150-unit apartment project on Charleston’s upper peninsula, where a restaurant and bar operate, hit a roadblock Oct. 19 when the Planning Commission unanimously opposed the change in land use.

+ Eyes have it: A national eyewear company recently opened its second Charleston-area location and 10th in South Carolina.

Patriots Annex is a 31-acre development at Patriots Point and will include a mix of hotels, offices, shops, conference center, amphitheater, parking decks, park and a boardwalk. The Grand Patriot Hotel, in background, will serve as the centerpiece of the new multiyear project.

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There’s been no shortage of news over the past 30 months about office vacancies. In large gateway cities, office occupancies fell dramatically during the pandemic as staffs found they could work from home. Moreover, occupancies have remained stubbornly low, as employers and staff faced off over remote work.

Though the weeks since Labor Day have seen a number of firms’ employees return to in-office mode, many corporate tenants in the nation’s biggest office markets are downsizing to considerably less space.

But let’s pause before assuming the well-reported empty office is the ubiquitous norm. In an assortment of cities in the Southeast U.S., the opposite trend has taken hold. Developers and communities in Alabama and South Carolina, for instance, have noted growing tenant interest in office space, particularly in high-end office buildings.

No vacancies

The Jasper, a luxury 12-story, mixed-use structure in the historic downtown district of Charleston, S.C., features 75,000 square feet of AAA office space, as well as 25,000 square feet of first-floor retail space and 219 luxury multifamily units. All spaces in The Beach Company building, which touts its riverside geography, are currently filled.

The Range, situated within a designated Opportunity Zone in the western end of downtown Huntsville, Ala., not far from acclaimed restaurants, museums and parks, is a commercial office development offering three floors and 49,000 square feet of Class A commercial office space. Walking a fine line between big-city office environments and those with a small-town vibe, The Range offers pedestrian-friendly access to a variety of the Rocket City’s most popular dining, retail and entertainment options. That may be why it recently welcomed two new corporate tenants, Eyecare Partners and Bridgeworth Financial Services.

“People are leaving western and northeastern markets for small and mid-sized Southern cities like Huntsville,” says J.C. Darby, development manager at The Beach Company. “In the past decade Huntsville has become Alabama’s No. 1 city with the addition of thousands of jobs and billions of dollars in investment from companies like Mazda, Toyota, The Boeing Company and Remington, all things The Beach Company looks for when scouting development sites.

“The Range is equidistant to the Interstate and all of Huntsville’s economic drivers, including the medical district, Cummings Research Park, NASA’s Space Flight Center and Redstone Arsenal. And we are predicting occupancy growth as a result of this, its walkability and the structure’s distinctive modern design.”

Near job hubs

Meanwhile, demand for office space sparked the development of two new office buildings in Nexton, a master-planned Summerville, S.C. community situated near the region’s top employers, including Volvo and Boeing. One, Atelier Downtown Nexton, offers two-story buildings featuring 2,500 to 18,000-square-foot spaces in a campus like setting where office structures are connected by walking trails.

Developed by Sharbell Development Corp. of New Jersey, the development is the latest within the live-work-play milieu of Downtown Nexton. “The Southeastern U.S. has appealed to Sharbell for years, especially South Carolina, due to its population and job growth, as well as its burgeoning diversity,” says the company’s Thomas Troy.

“Many companies are relocating to the South in search of lower costs and higher quality of life for employees, and our developments reflect that shift.”

Not to be outdone, Workplace at Nexton, a Class A office park within the community, offers 3,000 to 20,000-square-foot spaces, and connectivity to Nexton’s residential side. Residents can walk to Nexton Square’s shopping, hotel and other commercial businesses. Workplace at Nexton’s office spaces had all been claimed before construction was completed, and there’s been no attrition.

“Garden office space with minimal shared common spaces, private entrances and outdoor parks have become the gold standard for commercial leasing in the Charleston, S.C. region,” says Cassie Cataline, Nexton director of marketing.

“Leasing interest for Workplace at Nexton was so great we are developing additional commercial campuses, such as The Hub, to provide office, retail and medical space to address this demand.”