Jul
17

Johns Island Village to Offer Shops, Offices, 600 Homes

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Angel Oak plan gets final approval

July 17, 2008

By David Slade – The Post and Courier

Coming soon to Johns Island, a densely built development of shops, offices and up to 600 multi- family homes at Maybank Highway and Bohicket Road that just received final approval from Charleston City Council.

Angel Oak Village has been on the drawing boards since 2005, when nonprofit Sea Island Comprehensive Health Care sold the 42 acres of undeveloped land for $3.5 million in order to extricate itself from bankruptcy. An endowment fund supporting the nonprofit also will receive funding from the development profits, under an agreement with the developers.

Originally approved as a mixed-use development with fewer than 300 homes, with a commercial area anchored by a large grocery store, Angel Oak Village later dropped plans for the grocery store and more than doubled the housing units.

Christopher Morgan, director of the city’s Planning Division, said the development fits with the Johns Island Plan adopted by Charleston last year, which envisions three village-like areas on Maybank Highway.

“There’s a better site plan than before, creating more of a village atmosphere,” he said, comparing the plan approved Tuesday with the original one. “There’s also a substantial component of affordable housing, which was not there before.”

At Angel Oak Village, there would be apartments, condominiums and town homes, and up to 15 percent of the homes for sale would meet city guidelines for middle-class affordability, which means a one-bedroom condo could sell for a price in the mid-$100,000s. There also would be 80,000 square feet of retail and commercial space.

ARTICLE SHORTENED DUE TO LENGTH:

LINK TO ARTICLE HERE:
http://www.charleston.net/news/2008/jul/17/angel_oak_plan_gets_final_approval47799/

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