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5,000-acre Nexton marks 10th anniversary with milestone in residential sales
A developing Berkeley County community that could one day have as many residents as Hanahan, Clemson or West Columbia recently reached a milestone on its 10th anniversary.
The 5,000-acre Nexton development between Interstate 26 and US Highway 176 northwest of Summerville has sold its 2,500th home. At full buildout over the next decade, the community is expected to have 7,500 residential units with a population approaching 20,000.
Nexton includes four residential neighborhoods, including Del Webb for the 55-plus set. It also features commercial nodes with several restaurants, hotels and office ventures near US Highway 17A and I-26 and another commercial development on the northern end of Nexton Parkway, across from the developing Cane Bay Plantation community.
Two new grocery stores are on the way on Nexton Parkway near Brighton Park Boulevard. They include Harris Teeter and Publix.
The community, about 25 miles west of Charleston, puts its current population at about 8,000, including several residents in apartment developments.
“While this home sale milestone speaks to the success of Nexton, it also illustrates the increasing popularity of our region as a whole,” said Brent Gibadlo, senior vice president of development for Brookfield Properties at Nexton.
A car on US Highway 176 travels by the entrance to the future Fair Winds Boulevard, a new road being constructed in Cane Bay Plantation in Berkeley County. The wooden parcel in the background recently sold for $13 million and is slated for future commercial development. Warren L. Wise/Staff
Cane Bay tract bought for $13M for future commercial development
A Charleston developer recently bought a 45-acre parcel in Cane Bay for a future commercial development. The property is located on US Highway 176 at the future intersection of Fair Winds Boulevard, about a mile or so past Cane Bay Boulevard.
A recently built multifamily development in Nexton is now under new ownership while a new business venture that involves a store relocation and a possible restaurant/brewery combination is in the works for the Charleston-area suburb of Goose Creek.
By the numbers
1: Number of stores a downtown Charleston merchant will have after it closes a shop on King Street.
1,650: Square footage of a recently shuttered King Street shop where a King Street bar and restaurant plans to expand.
12,000: Square footage of the new two-story restaurant and bar coming to East Bay Street in Charleston.
This week in real estate
Aiming to grow: The town of Ravenel is looking to expand for the fourth time in two years with the proposed annexation of another parcel for new homes.
Apartment moratorium: Mount Pleasant extends its ban on new multifamily communities for one year.
Suite deals: The Jasper mixed-use apartment building now offers 24 commercial units for a variety of professional services.
Charleston home sales dip for the 18th straight month
Home sales across the four-county Charleston region sank in February, nearly falling to the lowest rate in six years for the second month of the year, according to data from the Charleston Trident Association of Realtors. Warren L. Wise/Staff
Charleston-area home sales declined to the lowest level since 2018 for the month of February, marking the 18th consecutive month of lower home sales after the runaway pace during the pandemic.
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