Jul
23

Development Cranks Up North Of Lake Marion

By
July 23, 2008

By Staff – Charleston Regional Business Journal

Developers of a luxury gated community on the shores of Lake Marion in Clarendon County have started selling homesites as the entire area begins to anticipate a construction boom.

Across the lake, Orangeburg County has been bracing for an explosion of home construction since Jafza International announced plans for a logistics, distribution and manufacturing center east of Interstate 95 near U.S. Highway 301. The project could bring about 10,000 jobs to the area.

The single-family homesites in Polly’s Retreat, which average one-third of an acre, are priced from $69,900 to $85,000. The neighborhood will offer access to boating, fishing, hiking and other nature activities. At full buildout, Polly’s Retreat will have 34 homesites.

“These homesites are a unique part of North Shore at Lake Marion and represent some of the best lake-accessible property available in the South Carolina Midlands,” said Bert Shuler, president of The Shuler Group, which is developing North Shore at Lake Marion.

Regionally, the real estate market has been down 20% to 30% from 2002, when it was at its peak, G.W. Berry, president and owner of G.W. Berry Realty and Construction Inc. in Orangeburg, said recently. But Jafza could brighten the forecast, he said.

“Once the Jafza project starts hiring people and doing things, I think we’ll have a real boon here,” he said. “But I’m not sure what the timetable is on that. I think it’s a little premature to go start building houses but probably not too soon to start acquiring properties.”

North Shore at Lake Marion, scheduled for completion in spring 2010, will have 42 town houses, 84 condominiums and the 34 homesites at Polly’s Retreat.

LINK TO ARTICLE HERE:

http://www.charlestonbusiness.com/dailyjournal/3_194/full-issue.html#12470
Be Sociable, Share!
    Categories : Orangeburg

    Comments are closed.