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New Mixed-Use Development Planned for Mount Pleasant

The town of Mt. Pleasant will soon be the home of a new mixed-use development, the construction of which should begin by late 2015. 

Johnson-Mount Pleasant Investments, LLC, an affiliate of Spartanburg’s Johnson Development Associates, has purchased about 38 acres along Highway 17 in Mt. Pleasant out of bankruptcy court. The property, known as the Gregg Tract, sold for $11.5 million.
 
The mixed-use space is expected to include:
  • 456-unit apartment complex
  • 123-room hotel
  • 600-unit self-storage facility
  • 62,000 square feet of retail space
  • tech incubator for startups and tech firms
  • 1 acre of green space
  • 9.5 acres of pond space for stormwater relief
The development company consulted with Mount Pleasant residents, who said they would prefer to see smaller boutiques and restaurants as opposed to big-box stores. A grocery store is expected to anchor the commercial space, which will also include retailers, boutique shops, and restaurants.
Construction is expected to begin by late 2015 in order to open in 2016.

What to Expect // Palmetto Health & Wellness Campus at Nexton

As you probably know, there is much building and improving going on in Summerville, SC. There’s really no escaping it. Summerville has grown by leaps and bounds very quickly, and the town has had to expand quite a bit to accommodate this growth. Enter MeadWestvaco's 4,500-acre Nexton development, which we’ve reported on in previous blog entries. In addition to new housing, a new elementary school, shops, restaurants, and parks, a brand new, innovative medical campus is being developed by Palmetto Primary Care Physicians and MWV.

 
The 50-acre medical campus located in the Nexton community is expected to mimic the design of a Mayo Clinic, says Jeff Lehrich, former CEO of Palmetto Primary Care Physicians. “When I started looking at things, I realized how fragmented and disjointed the health care was here,” said Lehrich.
 
Here’s what to expect from the Palmetto Health & Wellness campus:
 
Medical office tower
12-story clinical and administrative office tower with space for medical retail
Hotel with medical amenities for patients and their families
Around 200 assisted-living units and an independent-living facility
Ambulatory surgery center
Clinical decision unit
Skilled nursing, rehabilitation, and memory care center
24-hour urgent care and emergency department center
Centers for health and wellness, cancer, and hospice
 
“[Expect] concierge-level service service with common registration of the patients and open waiting areas with a cafe, wireless Internet and music,” said Lehrich. “It’s going to be a very welcoming and healing environment.”
 
The campus is projected to be completed by the end of 2015.
 
*source:  NewsMakers 2014 edition of the Charleston Regional Business Journal

11 Ways to Give Your Home a Fresh Start for 2015

Happy New Year! It’s time to shake off that post-holiday slump and start anew. Tomorrow is the first day of a brand new year, and right now is the best time to make a fresh start at home. Don’t wait until spring cleaning to make everything bright and new. Do it now and reap the rewards sooner. Here are just a few easy ways to make your home bright and new for 2015.
1. Toss or repair broken ornaments and tchochkes while you put away Christmas/Hanukkah/Kwanzaa decorations.
2. Frame and hang the artwork that you haven’t gotten around to hanging.
3. Change the paint color in that room you’ve been wanting to redecorate.
4. Change drawer pulls for a quick kitchen redo.
5. Polish the silver.
6. Wash the curtains. This is a chore many of us tend to forget about!
7. Rearrange your bookcase. Glance through and see what books you can donate and what you want to keep. Organize it alphabetically, by genre, or—in a fun if slightly impractical fashion—by color.
8. Switch out or recover throw pillows.
9. Toss that pile of papers that’s cluttering your kitchen counter/coffee table/office. (While you’re at it, start gathering your tax documents! It’s never too early to prepare for tax season.)
10. Rearrange the linen closet. If you’re feeling extra ambitious, tackle the other closets in the house, too.
11. Give wooden furniture a polish.
These might seem like tiny changes, but when you add them all up, they can make a nice visual change that you can enjoy all year long.
What other small chores do you think people tend to forget about that can give your home a quick restart for the new year? Tell us in the comments section!

Charleston Real Estate by the Numbers // November 2014

The outlook is great for Charleston area real estate as indicated by this year's market statistics. "The region remains on track to close 2014 with sales that reflect what the trend has been all year—a growing, sustainable market," says newly installed 2015 CTAR President Matthew DeAntonio. Check our infographic below to see just how well the market performed in November 2014. Numbers are up once again this month! Last year, 918 homes sold at a median price of $203,405. This November, 962 homes sold at a median price of $222,283. Though the numbers dipped slightly for the holidays, which is always expected, these stats show solid growth in Charleston over the last year. 

November 2014 Market Report

Should You Buy a Home During the Holidays?

Last week, we posted a blog on selling a home during the holidays. Today, we want to focus on buyers who are starting or continuing their home searches through the season. While the Charleston real estate market certainly slows down during Christmas time, it does not stall completely. In fact, there are savvy buyers out there who realize that they might actually have an advantage when it comes to negotiating this time of year. That’s especially important right now since inventory has been down this year, making it a seller’s market.

It’s possible that a lot of sellers might not allow showings during the holidays, so if you’re looking for a great deal on a home, your options could be limited. This could work in your favor, though. Sellers who do allow showings this time of year are probably more motivated than those who do not. If a seller is under pressure, chances are they’re willing to negotiate. It’s a great time to take advantage of sellers’ urgency. As an added bonus, people seem to be more generous this time of year. You could come out on top with a deal you might not have a chance at once the new year rolls around.

The moral of the story? Don't discount Christmas as a bad time to buy. An amazing opportunity could be waiting for you.

Have you had experience with buying or selling a home during the holidays? What are some of the advantages and disadvantages you've run into? Tell us in the comments section below!

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