May
25

Cane Bay Developer Possible Port Royal Buyer

By
– The Post and Courier

State maritime officials won’t name the buyer with whom they signed a contract last week to sell their Port Royal property. But The Post and Courier has learned that local developer Ben Gramling of Cane Bay Plantation fame is said to be driving the $16.75 million Beaufort County deal.

Gramling, head of Charleston-based Gramling Brothers Real Estate and Development, declined to comment through a spokesperson last week. The bid that’s now on the table is nearly $10 million below the previous offer, a deal that came undone more than two years ago as the real estate market turned down.

ARTICLE SHORTENED DUE TO LENGTH….

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