Archive for Clemson
Reserve at Lake Keowee Expanding
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The Reserve at Lake Keowee broke ground on a collection of four vacation homes adjacent to its Guest House.
While the real estate market remains soft, three of the four new homes have already sold.
“We have been planning this kind of a home collection at The Reserve for more than a year,” said Chuck Pigg, vice president of Greenwood Communities and Resorts and community manager of The Reserve at Lake Keowee. “Our goal across the Greenwood Communities and Resorts portfolio of communities has been to lead the way out of the recession by creating homes that meet today’s new reality of second-home ownership. Buyers are seeking the utmost value, tending to favor smaller, more manageably sized homes in communities that give them the fullest spectrum of engaging activities, scenic beauty and responsible development practices. The Guest House Cottages’ success gives us great confidence for future, similar home offerings.”
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Clemson Student Housing Complexes Sold As Part of Portfolio
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Kayne Anderson Real Estate Partners I LP, a private equity real estate fund managed under Kayne Anderson Capital Advisors, acquired nine properties for off-campus student housing from Education Realty Trust Inc. The acquisition includes Berkley Place and Clemson Place serving Clemson University.
“Our acquisition of the EDR portfolio was an extremely compelling investment for us as the deal components were in line with our overall investment strategy and allowed us to buy at an opportunistic price,” said Al Rabil, managing partner of KAREP. “We are pleased that the deal came through a referral from a close operational partner, which speaks to the team’s strong reputation for closing speed, efficiency and a highly specialized knowledge of the student housing space. We expect this investment to generate sustainable and growing cash flows on behalf of our investors.”
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Clemson City Council Wants Action on Site near Lake Hartwell
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A clearly frustrated Clemson City Council has directed its zoning and codes director to draft a resolution aimed at getting an eyesore removed from a prime piece of property on Lake Hartwell.
Developers at the old Lake Hartwell Inn site announced two years ago plans for a $5 million condominium project, but to date little has been done there.
Zoning and Codes Director Bob Vecchio told the council Monday night that he has been told “numerous times” by the owner of the property that the old hotel building was going to be demolished – the most recent assurance coming earlier Monday.
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Clemson University Students Battle in Appraisal Competition
Posted by: | CommentsClemson University’s Master of Real Estate Development (MRED) program recently held an “appraisal competition” among the second year graduate students. I was asked to serve as a judge, along with the following real estate professionals.
- Chuck Walsh, MAI, Director Of Sales, The Reserve at Lake Keowee
- Nick French, Professor in Real Estate & DTZ Fellow in CRE, Oxford Brookes University
- Bruce A. Kellogg, MAI, ARGUS Software, Past National President – Appraisal Institute
The students were divided into teams of five, and the properties to be appraised including flex buildings, a grocery anchored retail center with excess land and outparcels, an office building and several properties involved in a land swap – none of them were easy properties! The students did great, both with their reports and their PowerPoint presentations. This Clemson program is top notch and in good hands under the guidance of Dr. J. Terrence Farris, CRE, AICP and Elaine M. Worzala. I fully expect these students to go on to do great things in the real estate profession!
Me (center), and the winning team of Elsen Smith, Robert Cates, Shelby Dodson & Dan Rountree
Property Tax Bills Questioned In Oconee County, SC
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In a tight economy, people tend to pay attention to pocketbook issues.
Oconee County taxpayers who recently received tax notices with what they think is wrong information that could cost them money showed up in large numbers on Monday to appeal.
Some took time off from work and others brought crossword puzzles or something to read while they waited in the hallway outside the assessor’s and auditor’s offices.
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Seneca Group Still Hopeful To Develop More Than 300 Acres on Lake Hartwell
Posted by: | Comments- UpstateToday.com
A Seneca group is still hopeful of working out a deal with the state to develop more than 300 acres on Lake Hartwell into a tourist attraction.
Bob Daffin, a spokesman for Sanctuary Pointe LLC, said this week that talks between the developer, South Carolina Department of Parks, Recreation and Tourism (SCPRT) and U.S. Army Corps of Engineers are continuing.
Daffin said discussions are centered on how the Lake Hartwell property should be developed.
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LINK TO ARTICLE HERE:
http://www.upstatetoday.com/news/2009/nov/07/talks-continue-lake-hartwell-project/
Publix Receives Approval for Zoning Variance in Clemson
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Developers for the new Publix on Freedom Drive successfully completed the latest hurdle as the Clemson Board of Zoning Appeals recently approved a variance allowing light poles to be installed at a height of 33 feet.
“The variance was to give the applicant the ability to install taller light poles in the parking lot,” said Bob Vecchio, Zoning Director for the city of Clemson.
The variance request, issued by Tom Hamilton, of the Hamilton Property Group, surpasses the previous maximum height of 20 feet to the top of the light.
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Developer Quizzed On Keowee River Project
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Scott Vick had to know there wouldn’t be a lot of soft questions when he outlined plans for his Keowee River development to members of the Mountain Lakes Community Association (MLCA) Monday night.
There weren’t.
Vick, who, with a group of local business developers, plans to convert 775 acres along S.C. 130 into a planned, cross-generational community and eco-adventure tourism site, fielded a limited number of questions after his presentation, but they were all hardballs.
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LINK TO ARTICLE HERE:
http://www.upstatetoday.com/news/2009/aug/26/vick-quizzed-keowee-river-project/
Keowee River Development Unveiled
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Is Manufacturing the Key to Oconee’s Future?
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More jobs have disappeared from the manufacturing sector than any other job-producing category in Oconee County over the past decade, a review of state employment data in the county from 1999-2008 shows.
In 1999, manufacturing employed a monthly average of 9,958 workers in Oconee. Subsequently, the decline of manufacturing jobs went into free-fall until hitting bottom in 2007 when the average monthly employment number leveled off at 5,283. In 2008, the monthly average improved slightly to 5,356 workers employed in manufacturing.
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Developer Still Wants To Buy One-Time Proposed Landfill Tract
Posted by: | Comments- Pickens County News
An Easley developer says he’s still interested in possibly developing a huge tract of land near Clemson that at one time was being considered for a regional landfill.
Danny Youngblood said last week that Anderson County officials recently contacted him about the 513-acre tract — about four-fifths of a square mile — located between U.S. 123 and State 88.
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LINK TO ARTICLE HERE:
http://www.greenvilleonline.com/article/20090707/PCN/907070319/1004/NEWS01/Developer-still-wants-to-buy-Central-tract
Through The Haze Oconee County Leaders See Bright Future
Posted by: | Comments- Upstatetoday.com
Despite a deep national recession, some construction continues in the Upstate, including residential home construction on Lake Keowee. Leaders expect a flurry of activity when the recession ends.
Oconee County’s view of the future may be temporarily obstructed by a recessionary haze, but people whose job it is to look beyond the present remain convinced that the sun eventually will shine once more … and brightly at that.
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LINK TO ARTICLE HERE:
http://www.upstatetoday.com/news/2009/jun/08/through-haze-leaders-see-bright-future/
Development Tailored For Clemson Area
Posted by: | CommentsHighPoint developer recycles WestPoint Stevens site
- Greenville News
Developer Tom Winkopp put the first shovel in the ground 14 months ago on his largest project ever, the 330-acre WestPoint Stevens site, and the timing couldn’t have been worse.
The economy went south, but Winkopp continues to move ahead, betting on a part of the project already out of the ground a student apartment and condo community to be relatively recession resistant.
Highpointe of Clemson, upscale student digs overlooking Lake Hartwell, will be home to 450 freshmen in the Bridge to Clemson program beginning this fall. The Bridge program, a collaboration between Clemson University and Tri-County Technical College, is projected to grow to 900 students in the next few years.
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LINK TO ARTICLE HERE:
http://www.greenvilleonline.com/article/20090308/BUSINESS/903080308/1004/NEWS01
Good News for Homebuyers In ’09
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The housing market in 2008 left homebuyers and realtors alike hoping for a better 2009.
According to John Powell, owner of Powell Real Estate, that wish is bound to be answered.
“The market slowed, there’s no doubt about it,” he said. “But now, with the New Year, confidence will be restored and 2008 will serve as a big wake-up call.”
With so many foreclosures occurring across the nation in 2008, Powell said he believes people will no longer fall for the attractive adjustable rate mortgages that allow families to own a home, if only for a few years
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Clemson City Council Gives Lowe’s Final Nod
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A controversial Lowe’s Home Center has cleared its final zoning hurdle to locate on a site where the city of Clemson rejected a Walmart several years ago.
By a 6-1 vote the City Council Monday approved on second reading a rezoning request by Paramount Development Inc. of Myrtle Beach for a 20-acre tract on Issaqueena Trail and U.S. 123.
As with the first reading, Mayor Larry Abernathy cast the dissenting vote.
Abernathy said he wasn’t opposed to Lowe’s, but did not approve of going back on what he felt had been a promise made to residents of the vicinity when the attempt to build a Walmart on the site had been defeated.
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