Oct
02

Kalikow Group to Build Apartments on Johns Island

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The Kalikow Group, a multi-faceted real estate organization focusing on joint venture equity financing, multifamily property management, and development and construction services, will start construction on their latest development project, The Apartments at Shade Tree. The 9.167-acre apartment site is located at 2947 Maybank Highway on Johns Island at the entrance to Shade Tree, a 355-acre master planned development.

The approved site plan for The Apartments at Shade Tree features 248 garden-style apartment homes in 11 three-story wood frame buildings. The Shade Tree Apartments development is a joint venture between The Kalikow Group and EYC Companies. The Apartments at Shade Tree will be the first new construction project in the Johns Island area since 2005, and the submarket has lost over 1,000 units to condo conversion in recent years.

The Apartments at Shade Tree will offer a host of Class A amenities including a fitness center, clubhouse, pool, business center, and playground. Apartments include energy efficient washer/dryers, refrigerators with icemakers, microwaves, granite countertops, and garbage disposals. The overall site will also include a dog park, walking trails, retail/commercial parcels, and several community parks.

 

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