Commercial real estate brokers in Nexton, SC

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  • Construction Management
  • Construction Management
  • Investment Analysis
  • Property Development
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Commercial real estate
Commercial Real Estate Nexton, SC

With an average of 230 days of sunshine each year, a low cost of living, and endless recreational activities, Charleston is a joy to call home. As the second most popular place to live in the U.S., metro Charleston is booming, not only with new residents but with new construction and property investment opportunities too. But with the Tri-County's rapid rate of growth comes increased real estate demand and complexity. That's especially true for commercial real estate transactions. According to CoStar, near-zero vacancy rates and short supply have forced rents and sales to reach record highs. At the same time, online medical and grocery purchases, along with last-mile delivery needs, have driven a new desire for industrial space.

It's safe to say that there is a lot of opportunity on the table for commercial real estate sellers and investors in South Carolina. But capitalizing on that opportunity without the proper market knowledge, relationships, or risk analysis can actually be counterproductive to your goals. That's where Coldwell Banker Commercial Atlantic's commercial real estate brokers in Charleston, SC, come into play.

As experts in the commercial real estate industry for more than 37 years, our brokerage provides the highest level of service to clients in today's rapid, constantly-changing business climate.

Service Areas

The Coldwell Banker Commercial Atlantic Difference

At Coldwell Banker Commercial, we pride ourselves on having local power and a global presence. Our clients entrust their complex and lucrative commercial real estate deals to us because they understand the value of working with brokers who are familiar faces within the community. On any given day, you could be standing next to one of our brokers at a grocery store or local restaurant. As your friends and neighbors, we're proud to call the Lowcountry home. Though we have local roots, our resources and expertise are backed by a global network. That power gives our commercial real estate clients peace of mind, knowing they have access to a dynamic and diversified brokerage of highly-trained and educated agents.

 Commercial Real Estate Brokers Nexton, SC

From general commercial leasing services and property management to investment guidance and new property site selection, our team works tirelessly to exceed your expectations and meet your goals. Whether you're looking to buy, sell, lease, or develop, our commercial real estate brokerage in Nexton, SC provides the up-to-date advice and time-tested market knowledge needed to facilitate any commercial real estate transaction, large or small.

Some of the commercial real estate specialties we focus on in South Carolina include:

  • General Brokerage and Commercial Real Estate Leasing Services
  • Commercial Investment Analysis
  • Commercial Property Management
  • Commercial Property Development
  • Commercial Construction and Project Management
  • Disposition, Acquisition, and Work-Out Properties

At the end of the day, our commercial brokers and agents aren't satisfied until you're a happy customer. That's why every service and decision we recommend is made with your best interests in mind.

Commercial Real Estate Nexton, SC

Why Hire a Commercial Real Estate Broker in Nexton, SC?

Perhaps you're in a situation where you need more space for a growing business. Maybe, instead, you want to capitalize on low-interest rates and buy a commercial real estate investment property to bolster your portfolio. Whatever your needs may be, whether as an investor or a small business owner, your goals are probably the same: lock in the best value and negotiate optimal terms for leasing, buying, or selling. When it's all said and done, you want to minimize expenses and maximize your ROI.

Unfortunately, commercial real estate is complex by nature. Given today's ever-changing real estate landscape and the challenges of our economy, working with a commercial real estate agent is the savviest way to save money and lessen the likelihood of making a poor investment.

That's because the very best commercial real estate brokers, like those at Coldwell Banker Commercial Atlantic, do more than putting "for sale" signs in yards and in newspapers. They have the tools and training to source and present research apropos to your commercial real estate purchase or sale. They also have the ability to provide transaction and advisory services to ensure every aspect of your CRE process goes smoothly and efficiently. But we're getting ahead of ourselves. Here are a few of the biggest reasons to work with a commercial real estate broker in South Carolina.

Save Money

Save Money

Unsurprisingly, money is one of the biggest reasons why people steer clear of CRE brokers - for the cost savings. Yet, just about every commercial real estate transaction is managed by a commercial real estate brokerage. Why might that be? The answer is that smart business owners, executives, and investors know that the most lucrative cost savings stem from good planning, time management, and successful negotiations. Only an experienced commercial real estate broker can provide you with those features while also properly structuring your commercial real estate deal.

Manage Your Time

Manage Your Time More Effectively

Commercial real estate investors and business owners often have jam-packed schedules with little time to spare for anything other than day-to-day operations. If that sounds familiar, you know how crucial time management is for commercial real estate. By working with a seasoned broker, you can uphold your daily responsibilities while they provide guidance and manage the minutia of your CRE dealings.

Specialized Systems

Access to Specialized Systems and Data

Reputable commercial real estate brokerages provide access to a bevy of information that is pertinent to your commercial real estate goals. We're talking vacancy and absorption rates, the latest sales price data, comparative labor and tax costs, and more. Your broker will help break down this information so that you can make the most informed decisions possible. Brokerages like Coldwell Banker Commercial Atlantic also have systems and software to facilitate complex real estate processes while eliminating unneeded costs. The combination of accumulated data and exclusive systems results in a more cost-effective, efficient way to meet your real estate requirements on terms that are beneficial to you.

Success and Experience

Years of Success and Experience

As is the case with most things in life, practice and repetition are essential in honing skills and achieving business success. The truth is that no amount of money or "how to" articles can suffice for decades of real-world, hands-on experience. Sure, you can find a litany of commercial real estate info online. But those articles won't teach you about navigating the nuances of structuring advantageous purchase terms or completing complicated due diligence tasks. A successful commercial real estate broker in Nexton, SC, will have no problem executing these often-confusing processes because they've done it dozens and dozens of times before. This priceless experience is your best resource for successful commercial real estate initiatives.

Service Integration

Service Integration

One of the biggest advantages of working with a commercial real estate brokerage is their ability to provide necessary services that are relevant to your real estate needs. As a Coldwell Banker Commercial affiliate, we are part of a network that allows us access to accounting, legal, and other services needed on your real estate journey. Finding and vetting these services can be very costly and time-consuming, which is unneeded stress that we're happy to remove from your plate.

Purposeful

Purposeful and Engaging Marketing

For any project to be successful, a strategic marketing plan must be implemented to achieve the desired results for our clients. The methods of exposing and promoting a property must be creative, innovative, and unique to your property. At Coldwell Banker Commercial Atlantic, we utilize the most effective methods that make sense for your property in South Carolina, including:

  • Print Materials
  • Digital Marketing
  • Design Renderings
  • Photography
  • Weekly and Monthly Advertising
  • Affiliation Marketing
  • Signage
  • More
Negotiating Acumen

Negotiating Acumen

If you're reading this page, chances are you're successful to some degree and have entered negotiations a time or two in your professional life. While that's nothing to sneeze at, the art of negotiating in the commercial real estate industry is a skill that must be honed over years of transactions. In the world of CRE, transaction negotiations are often time-consuming and stressful - two things you don't need in your life. Your commercial real estate broker will use their experience to relieve you of that stress so that you can focus on growing your business or serving tenants.

Knowledge of Local Markets

Knowledge of Local Markets

One of the most valuable reasons for working with a commercial real estate brokerage is that staff have a deep understanding of South Carolina's real estate market. In the Lowcountry, trends and market conditions are constantly changing. Opportunities are lost and found daily.

With this market knowledge, your commercial real estate broker in Nexton, SC, can provide an easy-to-understand analysis of various commercial properties within your budget. They'll know what relevant properties are leased or sold for and how much. Savvy commercial real estate brokers are also always informed on local demographics and market indicators that impact your commercial real estate goals. For instance, with COVID becoming a more accepted part of our lives, leasing, and sales in retail have taken off, especially for Class A and Class B centers.

Brief Overview A Brief Overview of Our Specialties

At Coldwell Banker Commercial Atlantic, we specialize in several commercial real estate services. Though each service is comprehensive and will differ for each client, here is a brief overview to help you understand the scope of our abilities.

Brokerage
General Brokerage and Leasing Services

We're proud to say that our commercial real estate brokers in Nexton, SC, are equipped with all the necessary skills and traits to make your life easier. From transactional needs to marketing strategies, our experience and market knowledge is second to none, allowing us to ensure your success in today's market.

Property Management
Property Management

In an ever-changing commercial real estate industry, our approach to property management is constantly evolving. Our team has extensive experience in commercial real estate management and recognizes its importance as a foundation for long-term value and wealth. As such, Coldwell Banker Commercial Atlantic provides tailor-made property management packages that meet your specific assets needs and objectives.

Construction Management
Project and Construction Management

Whether you're entering a build-to-suite or remodeling a commercial property, our associates are ready to represent you with facility planning, design, construction, zoning restrictions, and so much more. If you're looking for a brokerage that can guide you through every step of the construction process with your goals and budget at heart, look no further than Coldwell Banker Commercial Atlantic.

Investment Analysis
Investment Analysis

Coldwell Banker Commercial Atlantic provides comprehensive investment analytics to better evaluate potential investments and increase return on those investments. Additionally, our team can facilitate single or multiple-location transactions and also find alternative financing recommendations if needed.

Property Development
Property Development

From selecting the perfect building site for your property to overseeing its initial construction, our associates provide experience and expertise when you need it most, covering every step and service of property development. If needed, our team can assemble the right professionals to ensure your property is developed to your unique specifications and applicable regulatory standards.

Acquisition
Acquisition, Disposition, and Work-Out Properties

Our commercial real estate brokerage represents clients in both the disposition and acquisition of property and works directly with you to determine your needs. We then strive to improve efficiency and reduce costs. We also assist financial institutions and government agencies in the management and disposition of ‘troubled properties.' Our firm incorporates its spectrum of services to efficiently turn these properties around and improve their value for ultimate disposition.

 Commercial Real Estate Brokers Nexton, SC

Time-Tested Tips for Commercial Real Estate Investing

If you're just getting started in commercial real estate investing, you're probably searching for reliable advice and best practices to follow. While hands-on experience and guidance from a commercial real estate broker are always best, a little advice never hurts. After all, there's a wide world of opportunity out there. As you begin to build a more robust portfolio, keep these tips and tricks in mind.

Take Your Time

Take Your Time

Commercial real estate deals can take a lot longer than traditional single-family transactions. That's true throughout the entire process, from purchase, to renovation, to selling. That's not a bad thing - after all, having impatience is a good way to rush into a poor decision. Instead of a means to quick cash, think of commercial real estate deals as a large bonus or as a vehicle for retirement.


Keep an Open Mind

Keep an Open Mind

Many commercial real estate investors jump right into the multi-family property space. However, it's essential to keep other types of properties in mind, such as mobile homes, office buildings, land, and even mobile home parks. Forget about your comfort zone. Instead, weigh your options and choose a niche that helps you meet your goals.


Financing

Search for Great Financing Before Making Offers

Commercial loans are quite different than their residential counterparts. In some ways, they're better. Though down payments are typically higher, meaning you'll put more down, there's often no personal liability involved. Plus, commercial loans can be more forgiving when borrowing money for down payments. The bottom line is to search for the best lenders before making an offer. If you're having trouble, ask your commercial real estate broker for assistance, as they often have connections and partnerships with relevant entities.


Learn the Appropriate

Learn the Appropriate Formulas

If you're used to buying residential homes, you're probably familiar with some formulas, such as buying 75% of after-repaired value minus the estimated cost of repairs. Depending on the type of commercial property you're buying or selling, you'll have different formulas to learn. Two examples are Cap Rates and Net Operating Income. Learning these formulas can be very beneficial when making an offer.


Real Estate

Lean On Your Commercial Real Estate Agent in Nexton, SC

If you find yourself discouraged with the commercial real estate game, remember that the team at your commercial real estate brokerage is there to make your life easier. At Coldwell Banker Commercial Atlantic, we have a powerful brokerage with a team of over 20 highly skilled and educated agents. Our job is to serve you, whether you're a new investor looking for your first deal or an experienced property owner looking for 1031 tax investment advice.

Commercial Real Estate Nexton, SC

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Latest News in Nexton, SC

Nexton Highlights 2023 Achievements, Reveals Anticipated Additions for 2024

SUMMERVILLE, S.C. – Nexton, the most innovative and walkable community in South Carolina, reported a successful 2023 that includes the addition of cutting-edge commercial space as well as fresh amenities and housing options. As a new year begins, the community is poised for growth on all fronts, advancing its status as a national model for master-planned communities.“Nexton’s tenth year was filled with accomplishments. From celebrating 2,800 total home sales to welcoming a multitude of high-quality new businesses and...

SUMMERVILLE, S.C. – Nexton, the most innovative and walkable community in South Carolina, reported a successful 2023 that includes the addition of cutting-edge commercial space as well as fresh amenities and housing options. As a new year begins, the community is poised for growth on all fronts, advancing its status as a national model for master-planned communities.

“Nexton’s tenth year was filled with accomplishments. From celebrating 2,800 total home sales to welcoming a multitude of high-quality new businesses and housing choices, it was truly a remarkable year,” said Nexton’s Senior Vice President, Development Brent Gibadlo. “Each new year presents countless opportunities for Nexton, and we are excited to continue this momentum as a forward-thinking master-planned community and thriving economic hub in 2024.”

COMMERCIAL Nexton welcomed a collection of world-class retailers and commercial entities in 2023, including:

• The Hub at Nexton, developed by SL Shaw, added 88,000 square feet of office, retail, and restaurant space. It officially opened its doors in May, featuring local favorites such as The Co-Op and Derrington Dermatology. • Brighton Court: Two additional multi-tenant buildings were added adjacent to Coastal Fertility, offering new medical office and retail options. • Downtown Nexton: Sharbell Nexton LLC, the developer of Downtown Nexton, broke ground on Atelier Downtown Nexton office project in June and secured the first five tenants for the ground-floor retail in the Lofts Downtown Nexton apartments. Woodfield Development nears completion of The Ames, featuring 304 market rate apartments, and broke ground on The Radler, which includes 324 market-rate apartments. • Serendipity Labs, an established brand of co-working and flexible office facilities, celebrated the grand opening of its second Charleston location in Nexton in May. • The Pickle Bar: A new restaurant, retail and recreation concept that combines the growing popularity of pickleball with a bar and restaurant opened in November. • Dayfield Park, new commercial properties featuring office space and residential options, as well as retail and service providers broke ground in September. Tenants include The Goddard School daycare, HYLO Fitness, GoDog, Stretch Zone and . • One Nexton, a Publix-anchored commercial center, broke ground with plans to include a bank and neighborhood-serving retail and dining.

RESIDENTIAL Nexton continued to provide a variety residential offerings and amenities to cater to all lifestyles and preferences, including:

• 492 homes sold in four residential villages including Del Webb Charleston, North Creek Village, Brighton Park Village and Midtown. • Nexton celebrated the 2,800 total home sale milestone. • Brookfield Residential was added to the community’s builder program and introduced their new townhome collection. • Builder Ashton Woods unveiled a new 55+ neighborhood of homes called Hammock Walk, featuring 100 villa-style homes in its first phase. The neighborhood celebrated the grand opening of its first homes and model home in December.

CIVIC • Nexton Middle School, a new fifth through eighth grade Berkeley County middle school, broke ground in December with a planned opening in 2026.

AWARDS + ACCOLADES Nexton received several national and regional accolades for demonstrating its commitment to forward-thinking design and innovation:

• Awarded the Grand Aurora Award in the category Residential Housing Community of the Year – Masterplan. • Awarded the Multi-Housing News Excellence Award in the category Development & Design: Mixed-Use. • Awarded a 2023 Best in American Living Award by The National Home Builders Design Committee for The Villas at Nexton in the category Single-Family Community For Rent. • Recognized as #38 of the 50 top-selling master-planned communities in the U.S. by RCLCO Real Estate Advisors, based on year-end 2023 home sales.

LOOKING AHEAD As Nexton closes another successful chapter, the community continues to set the industry standard for master-planned communities across the U.S. The following can be expected from the Nexton in 2024:

• Page’s Okra Grill opened in January 2024. • Additional homebuilder, Stanley Martin will join the Nexton community as well as new with a new collection of townhomes and condos to Brighton Park. Existing builders are adding new floor plans to Nexton’s Midtown neighborhood. • Brookfield Residential’s model townhome and first homes will open to the public in February. • Del Webb Nexton will break ground on its expanded amenity package with the addition of indoor and outdoor pickleball courts, a large gymnasium and restaurant. • Harris Teeter and Publix grocery stores will open. • Dayfield Park, a new commercial property featuring office space and residential options, as well as retail and service providers, will open. • Downtown Nexton: The first phase of the Lofts and Atelier Downtown Nexton will be completed in 2024. • Berkeley County Park will open in the summer of 2024.

Several new restaurants, other businesses coming to Charleston-area development

Several new commercial tenants are coming to a large housing development on the edge of Summerville.Lombardi's Pizza Kitchen, The Co-op Frosé & Eatery, The Backyard Biergarten, Lowcountry Yoga and children's gym KidStrong ...

Several new commercial tenants are coming to a large housing development on the edge of Summerville.

Lombardi's Pizza Kitchen, The Co-op Frosé & Eatery, The Backyard Biergarten, Lowcountry Yoga and children's gym KidStrong are all lined up to be a part of The Hub in Nexton.

The restaurants and fitness sites are expected to move in by late June or early July, according to Nexton spokeswoman Cassie Cataline.

The Hub is a collection of office and commercial buildings under development on Nexton Parkway and Brighton Park Boulevard near Home Telecom and Refuel convenience store.

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Office tenants include Coastal Vascular & Vein Center, Charleston Wound Care, Palmetto Primary and Specialty Care Physicians, Derrington Dermatology and Holliday Ingram law firm.

A new pair of two-story office buildings is expected to be completed in 2024 and 2025. They will be 30,000 square feet and 20,000 square feet, respectively, and be built beside Nexton Parkway.

Nexton is a 5,000-acre, mixed-use development next to Summerville between Interstate 26 and U.S. Highway 176 in Berkeley County. With more than 2,500 homes already sold, the development is expected to have 7,500 residential units at full build-out.

It also could house as many residents as the current populations of Clemson, North Myrtle Beach or West Columbia, roughly between 16,000 and 20,000. That would make it as big as Moncks Corner and Georgetown combined.

Now open

A new pizza restaurant is now open in Mount Pleasant.

BarPizza opened May 12 at 656-G Long Point Road in the revamped former Kiki & Rye space.

It's part of Free Reign Restaurants owned by Ryan and Kelleanne Jones. They also operate the recently opened Southbound on the Charleston peninsula and Community Table in Mount Pleasant.

Stepping in

A new retail shop that incorporates a clothing item in all of its wares is close to opening in downtown Charleston.

Respoke hopes to open by the weekend at 377 King St. in the former location of Simply J Boutique.

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The shop will offer shoes, clothing and other items that are made in part by repurposing different sections of scarves. Hours will be 10 a.m.-6 p.m. daily, but they could change after the shop opens, according to store manager Joseph Fennell.

New threads

Also, coming to downtown Charleston is a new women's clothing store, now with a shop in Asheville.

Hazel Twenty owner Lexi DiYeso plans to open in August at 73 Wentworth St., formerly part of 269 King St. that was used as back-of-house storage for the former Gap store. The front section houses Aerie, also a clothing shop.

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The 3,641-square-foot space is currently under construction behind clothing store Collared Greens and next to The Port Mercantile, part of The Restoration Hotel, according to Blair Hines Gearhart of Oswald Cooke & Associates, who represented the tenant. Charles Constant with Constant Properties represented the landlord.

Fresh return

Ruke’s Produce Stand returns to Mount Pleasant on May 24. Operated by Arthur Brown, the vegetable and fruit vendor will operate 10 a.m. to 5 p.m. Monday through Saturday through Dec. 31. It’s at 378 Mathis Ferry Road next to Holy Trinity AME Church.

Book it

That Big Book Sale returns for its 41st run May 19-21 at Omar Shrine Auditorium at 176 Patriots Point Road in Mount Pleasant.

More than 60,000 books in all categories will be on sale, starting at $1. Sponsored by Charleston Friends of the Library, the event helps support Charleston County Public Library System.

A pre-sale event for members is 5-8 p.m. May 18. The event is open to the public 9 a.m.-7 p.m. May 19, 9 a.m.-5 p.m. May 20, and 10 a.m-3 p.m. May 21.

Checks, cash, major credit cards and electronic payments, such as ApplePay, will be accepted.

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New residential neighborhood planned for Nexton community

The homes by Ashton Woods will be located in the North Creek area of the master-planned community, according to an Ashton Woods news release. Presales are now underway at Hammock Walk, a 55-plus community that will feature over 100 villa-style homes in its first phase.“Ashton Woods has a successful history of delivering exceptional floorplans and innovative designs to Nexton, and we are excited to see Hammock Walk come to...

The homes by Ashton Woods will be located in the North Creek area of the master-planned community, according to an Ashton Woods news release. Presales are now underway at Hammock Walk, a 55-plus community that will feature over 100 villa-style homes in its first phase.

“Ashton Woods has a successful history of delivering exceptional floorplans and innovative designs to Nexton, and we are excited to see Hammock Walk come to life,” said Cassie Cataline, marketing director at Nexton, in the release. “As part of Nexton’s esteemed builder program, Ashton Woods is one of 10 builders providing a diverse array of homes to complement the community’s dynamic blend of businesses, recreation and restaurants throughout the community.”

Related content: HOT PROPERTIES: Downtown Nexton secures first tenants

Related content: New-to-market homebuilder coming to Nexton community in Summerville

Hammock Walk will include a collection of ranch-style villas featuring two- and three-bedroom plans, with outdoor living spaces and one-car garages starting in the $300,000s, the release stated. Located within Nexton’s North Creek neighborhood on Nexton Parkway less than one mile from U.S. 176, Hammock Walk will offer amenities including pickleball courts, walking trails, ponds and green spaces.

Ashton Woods, named 2023 Builder of the Year by Builder Magazine, has been building design-forward homes in thoughtfully selected communities across the country since 1989, the release stated. With an emphasis on honored design principles, Ashton Woods builds and sells homes in Atlanta, Austin, Charleston, Dallas, Houston, Orlando, Phoenix, Raleigh and San Antonio.

Celebrating the 10th anniversary of the community’s 2013 opening, Nexton is a lifestyle-driven destination that blends live, work and play by offering conveniences such as state-of-the-art schools, modern infrastructure, 20 miles of trails and 2,000 acres of green space, the release stated. The community’s four residential neighborhoods include apartments, built-for-rent homes, townhomes and a variety of for-sale single-family homes that cater to first-time buyers, executives and 55+ retirees. Nexton has currently sold over 2,600 homes.

In addition to Ashton Woods, Nexton’s builder program features nine other prominent builders, including newly added Brookfield Residential, Centex, David Weekley Homes, Del Webb, Homes by Dickerson, New Leaf Builders, Pulte Homes, Saussy Burbank and True Homes.

Business development in Carnes Crossroads, Nexton and Cane Bay

While Charleston's population is booming with new transplants, the Summerville and Goose Creek areas are developing just as quickly to accommodate the area's growth.Summerville is located roughly 45 minutes from Downtown Charleston, serving as the ideal location for folks who want to move close to the city without being directly in the middle of the excitement.Goose Creek is only 35 minutes from Downtown Charleston and is seeing a demographic of young families who hope to live near the city while finding affordable housing and ...

While Charleston's population is booming with new transplants, the Summerville and Goose Creek areas are developing just as quickly to accommodate the area's growth.

Summerville is located roughly 45 minutes from Downtown Charleston, serving as the ideal location for folks who want to move close to the city without being directly in the middle of the excitement.

Goose Creek is only 35 minutes from Downtown Charleston and is seeing a demographic of young families who hope to live near the city while finding affordable housing and nearby employment.

In recent years, both Summerville and Goose Creek have expanded with the development of several master-planned communities that offer housing, lifestyle, retail, dining, outdoor recreation and so much more. These areas have also developed several new businesses, restaurants, workspaces and corporate offices.

As Goose Creek's economy grows and thrives, many new projects and ventures are on the horizon in this Charleston community, specifically in Carnes Crossroads.

According to Post & Courier writer Barry Waldman's piece about new development in Carnes Crossroads, Carnes is now co-owned by Lennar Builders and Boston-based Freehold Communities, with approval to build about 4,500 homes.

This community is technically only a quarter built, with new projects on the way, such as the concept of "agrihood," a working farm and community gardens. Professional farmers will grow and supply produce, herbs and flowers to the community.

In September 2022, the city of Goose Creek announced a plan for growth in the community, including a walkable space for restaurants, offices and a green lawn for town events. Soon, this multi-planned community that is currently primarily residential with some outdoor amenities will expand to be more similar to larger communities like Cane Bay and Nexton.

While there are currently a few dining options available, like East Bay Deli, Steel City Pizza Co., and Mi Fiesta, plenty more options will be coming soon as well.

As for business development in Summerville's large Nexton community, according to Warren L. Wise for the Post & Courier, Atelier Downtown Nexton is a new project coming soon to Nexton, 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 Nexton community, the project will include multiple two-story buildings up to 18,000 square feet. Office, service and commercial space will be for sale or lease.

In addition, The Hub in Nexton is expanding. This project is a collection of office and commercial buildings under development on Nexton Parkway and Brighton Park Boulevard, and new expansions will include commercial tenants Lombardi's Pizza Kitchen, The Co-op Frosé & Eatery, The Backyard Biergarten, Lowcountry Yoga and children's gym KidStrong.

Big things are also happening over at Cane Bay Plantation in Summerville. Buck Investments, led by Eddie Buck, recently paid $13 million for nearly 45 acres on the northwest corner of the future Fair Winds Boulevard intersection at U.S. Highway 176. The buildout of this section will happen over the next four years.

Cane Bay has also been selling multiple large parcels of land for new housing developments as it expands, and the community is now roughly the size of Spartanburg, South Carolina.

More growth and business developments are coming quickly for these three large, multi-planned communities that are shaping up to be more like cities in their own right.

Nexton luncheon spotlights 'booming' local economy

Ample servings of Champagne coupled with a coastal poolside ambiance served as a fitting backdrop to a favorable economic forecast report during an April 4 Nexton luncheon attended by several local realtors at a sun-splashed Midtown Club in Summerville.Following a brief synopsis of Nexton's recent sales and continued growth as a "third job center" in the Charleston market, the mixed-use development's marketing coordinator Alicia Smith introduced South Carolina Ports Authority Business Development Manager Marion Bull to the p...

Ample servings of Champagne coupled with a coastal poolside ambiance served as a fitting backdrop to a favorable economic forecast report during an April 4 Nexton luncheon attended by several local realtors at a sun-splashed Midtown Club in Summerville.

Following a brief synopsis of Nexton's recent sales and continued growth as a "third job center" in the Charleston market, the mixed-use development's marketing coordinator Alicia Smith introduced South Carolina Ports Authority Business Development Manager Marion Bull to the podium, as he delved into his group's efforts of recruiting business activity to the Lowcountry.

The guest speaker sang the praises of Nexton — which is currently celebrating its 10th anniversary as a destination venue in the Summerville community — for its role in providing housing for incoming employees of national and global firms seeking to establish a presence in the Charleston region.

Moving forward, Bull anticipates Nexton continuing to offer corporations an attractive option for its staffers as a source of housing, employment and an ever-expanding array of amenities with new industry emerging in the Jedburg area of Summerville, as well as Ridgeville in the very near future.

"When they want to live somewhere with, you know, a high quality of life that's affordable, this is a place where business leaders can feel comfortable locating their businesses here," began the Mount Pleasant resident.

"South Carolina has done a fantastic job as a state, [and] not just as a port, in recruiting business. [We had] $10 billion in investment last year. I think the largest previous year was $3 billion or so. It's a huge number for our economic development in the state of South Carolina and some of it has happened right here."

Bull detailed that South Carolina Ports drives about $63 billion in economic impact statewide, with about $8 billion of it emanating from the Lowcountry. In fact, about 30,000 jobs are either directly or indirectly linked to port activity in the immediate surrounding zone — a number that he anticipates will "dramatically" increase due to investments by Volvo, Walmart, Mercedes-Benz and the like.

Luncheon attendees were also treated to a breakdown of expectations for the real estate market in 2023 by President of the Charleston Trident Association of Realtors (CTAR) Katesha Breland.

The Charleston-born real estate broker noted the Charleston region's remarkable 25 percent population growth over the past decade, along with a 17 percent spurt of newcomers in Summerville over that same 10-year stretch.

"We see changes in our local culture, our restaurant scene, our retail opportunities, and of course, we feel it in our traffic as well," she stated.

"The local economy is booming. The Nexton development offers something that Summerville residents hadn't seen before, an intentionally-developed masterplan community that gives residents the ease and opportunity to live, work and play right in their backyards ... that's just what Nexton does. They haven't built a neighborhood, they've built a community. While local media doesn't always like to focus on the positives of our real estate market, there's plenty of good news I can share with you," added Breland without referencing any specific news media outlet.

On that note, the CTAR leader communicated that closed property sales were down in 2022 by 18 percent, but compared to 2019, that total was actually up six percent.

Breland further spoke of a healthy, sustainable pace of growth, as the overall median sales price increased 14 percent, single-family home prices surged 12 percent and townhouse/condos similarly saw a 22 percent uptick.

Summerville and Moncks Corner, in particular, were two of the top areas in terms of home sales in 2022.

"We expect sales will remain at the pace we're seeing now, which is a good, healthy pace. Prices will also increase likely at a slower pace than we've been seeing. But that's good news for buyers who are challenged by the affordability of our region."

Breland concluded her address by lauding Nexton for its development of a wide range of home options (single-family, townhouses, rentals, etc.) and a variety of price points for prospective residents.

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