Jun
17

Master Plan for 4,000 Acre Lake Marion Development Almost Finished

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Beach nearly done with Cantey Bay planning

June 16, 2008

By John P. McDermott – The Post and Courier

More than two years after taking ownership of the tract, the Beach Co. is putting the finishing touches on a master plan for its nearly 4,000-acre Cantey Bay Plantation property on Lake Marion.

The Charleston-based real estate development firm has scheduled a public meeting for Tuesday at the Summerton Cultural Arts Center from 5-7 p.m. to show how it’s proposing to build out the Clarendon County property.

The Beach Co. acquired the rural forest and farmland in October 2005 from Springs Co., a textile maker based in Lancaster, for about $9.7 million. The tract includes 1.5 miles of lakefront property and two miles along either side of U.S. Interstate 95. It is buffered to the west by a federal wildlife preserve.

The company has said the property would likely be developed into a mix of residential, commercial and recreational uses that could take a decade or more to complete.

According to Web site set up for the project, canteybay.com, the proposed amenities will include an 18-hole golf course, a lakefront clubhouse, a marina, a waterfront restaurant, swimming pools, walking trails, ball fields, parks and tennis courts.

The company bought the property in part because it felt the central location would likely appeal to buyers of weekend lake getaways and even primary residences, especially as development pushes out from some of the state’s urban centers, such as Charleston and Columbia.

A new factor that could give the Beach Co.’s lake project a boost is the coming wave of industrial development that’s expected to break at I-95 and I-26 in nearby Orangeburg.

Cantey Bay takes its name from a property that was submerged during the man-made formation of Lake Marion.

LINK TO ARTICLE HERE:
http://www.charleston.net/news/2008/jun/16/beach_nearly_done_cantey_bay_planning/

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