Carolina Park, Mt. Pleasant South Carolina
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Carolina Park is a 1700 acre mixed residential and commercial community in the town of Mt. Pleasant. Carolina Park Blvd., a 1.25 mile road runs parallel to Highway 17 and will make the interior lots accessible to the builders of the first residential units. When completed, the road will link to the Park West subdivision which is already connected to highway 41 through Dunes West. Carolina Park is built around the "smartgrowth" concept in which residents may work, shop and play within their community without having to go out onto highway 17. The developers had hoped on having the first residents moving into their homes by the fall of 2007 but building of the first homes was delayed until 2008. 1745 residential units are planned for Carolina Park with single family homes starting in the $400,000 range. There will be a mix of National, regional and local builders.
A high definition video below taken September 20, 2009 showing the current status of Carolina Park. There have been few new homes sold or started due to the current real estate market and slow economy.
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The New Entrance To Carolina Park. Photo Taken Jan. 20, 2007
Carolina Park Is Located Adjacent To The New Wando High School
According to the developers of Carolina Park, the 1750 residential units will be built on 1000 acres of the tract. There will be 140 acres of parkland and recreation open space as well as 220 acres of marsh and wetlands. Commercial building will be constructed on 340 acres, with heavy buffering seperating the residential neighborhoods. 850 single family homes are planned in the center of Carolina Park. There will be 545 "estate sized" lots available of at least 1/2 acre, each with marsh views and some with Wando River deepwater access. These lots will be available for custom built homes.
250 apartment homes as well as 100 town homes are planned for Carolina Park.
There will be more than 1.3 million square feet of retail and non retail commercial space seperated into three distinct commercial centers. The Community Shopping Center will be located on Park Avenue, the main street in Carolina Park. The center will house high end retailers, entertainment facilities, restaurants and a luxury hotel.The Central Retail Center will be home to a major grocery strore, drug store, restaurants and miscellaneous retail shops.The Boulevard Commercial Center will be locate near the entrance to highway 17 and will have a bank and professional offices in addition to a children's learning center. The Business Park at Carolina Park will be a class A campus setting with the potential of generating more than 10,000 new jobs.
Roper St. Frances Hospital is in the process of building a new 85 inpatient bed facilty in Carolina Park. The facility will have outpatient and inpatient surgery, intensive and critical care units as well as imaging, laboratory and a pharmacy. Roper Hospital broke ground on their new Mt. Pleasant facility in May of 2008. The "Children's Center" at Carolina Park is an early childhood education center for children ages 1-5. It opened in August of 2007. It is adjacent to the new Wando High School. The childrens center sits on 3 1/2 acres and has a private drop off area adjacent to their 18,000 sqft. facility. It is the only pre-school East of the Cooper to achieve National Association for the Education of Young Children accreditation. Palmetto Presbyterian Church has started construction on their new facility in Carolina Park.
Photo of Children's Center taken on June 13, 2007.
Above photo taken June 14, 2007
The Childrens Center At Carolina Park Web Site
Carolina Park donated 80 acres of land to the town of Mt. Pleasant for a passive park as well as 54 acres for an active park consisting of a ball park and eight soccer fields.
Carolina Park Is Not Far From The Isle of Palms and Sullivan's Island Beaches, The Charleston Historic District And The Charleston International Airport
The following article appeared on the town of Mt. Pleasant web site in 2005
Carolina Park vision shown at ED committee
Carolina Park principals share vision with new Economic Development Committee
MOUNT PLEASANT, SC (January 18, 2005) – At a recent Special Economic Development Committee meeting, principals in the 1,600-acre venture known as Carolina Park shared their vision with committee chair Joe McKeown and committee members Joe Bustos and Bobby Utsey.
Ben Marino and Stacey Hornstein who have partnered their respective companies, CDM Charleston Co. and Republic Properties, in the Carolina Park venture focused discussion on the 340-acres of economic development inventory located in the south portion of the tract, near the East Cooper Airport.
“We are very excited to be moving forward with this project,” said Marino explaining the general lay out of the tract. “Our goal is to provide premier campus type locations to attract the very best corporate tenants to Carolina Park. High-end relocating and expanding operations seek out communities and locations that offer a desirable quality of life and low impact commutes to attract and retain key employees.”
The 340-acre economic development site will be bordered by 240 multifamily homes, 100 townhouses, and by 6,000-8,000 sq. ft. single family properties. “Working where you live and living where you work is of great benefit to both employees and employers and we have made a conscious decision to include affordable housing opportunities in close proximity to this development,” said Marino.
Town Economic Development Coordinator Myles Stempin stated that, “the development plan for Carolina Park will provide prime site location opportunities and clustering for our target sectors: office-based/information service operations; technology, science and research and development; and advanced technology-based manufacturing, production and assembly.” The class A development plan includes high visibility property along US 17 to attract corporate and regional headquarters. Wetland areas will be incorporated in the corporate campus scheme.
A major improvement to the existing airport road will become a dynamic feature of the new business park. “We plan to create the same type of entrance as the Wando High School, a four-lane roadway with buried utilities and conduits,” said Hornstein. Stempin added, “While the principals plan to develop their Carolina Park brand and advertise nationally, the economic development business recruiting efforts are have already begun and involve the South Carolina Department of Commerce, Charleston Regional Development Alliance, Metro Chamber of Commerce and Charleston County, in addition to the Town’s marketing efforts.”
Both Marino and Hornstein discussed clustering as a marketing tool. “By strict standards a cluster is a major group of like-minded businesses at a particular geographic location. Under this strict definition, only half a dozen of such clusters exist in the US – Raleigh-Durham Research Triangle, Boston, Washington D.C and San Diego to name a few. We well know that we must diversify and offer a range of locations to all types of high-end economic development prospects.
To keep this project attractive to the very best companies more than 40 percent of the 1,600 acres will be dedicated green space, with a 15-mile trail coursing through the project. A 100 ft buffer will help maintain the character of Mount Pleasant. “We plan to give 20 acres for a new elementary school, two and a half acres for a new fire station and police substation and four acres for a library. Additionally, we will give 110 acres to the town for a passive or active central park,” said Marino.
Carolina Park Updates
On August 16, 2007, construction started on the mile long Park Avenue Bvd. in Carolina Park which will connect Carolina Park with Park West and Dunes West. The road is expected to open in late 2008 and will offer relief to high traffic areas like Highway 17 adjacent to Wando High School. New residents of Carolina Park will be able to travel from their community to I-526, via Highway 41 and Clements Ferry Rd. Approximately 1750 residential units are planned for Carolina Park with single family home prices expected to start at about $400,000.It is hoped that the first residents will move in during Spring of 2009. More than 1/3 of the acreage will be used for office buildings and light manufacturing facilities. Roper Hospital has broken ground on a 85 bed full service hospital near Wando High School. The Childrens Center at Carolina Park opened on August 20, 2007. It is a private preschool for ages 1-5. Construction was expected to begin in January 2008 on Palmetto Presbyterian Church.
On January 28, 2008, Carolina Park released it's first three building lots available to the public. They have been priced between $147,500 and $155,000. The lots are about 1/4 of an acre in size. Reports indicate that lot prices will start at $127,500 with acreage up to .5 acres.
According to a recent news article in the Moultrie News, there is no minimum buidling time requirement. However, the construction must meet the ARB Guidelines. The purchaser can select from a preferred builder list or bring in their own builder as long as the builder goes through the cerified Carolina Park Builder approval process. It is anticipated that the custom builder section of Carolina Park will open in February, 2009.
Phase 1 of Carolina Park will include 22 lots in Palmetto Forest and the Tidewater neighborhoods.
Construction of the new Palmetto Presbyterian Church is expected to begin soon.
Updated Photos Of Carolina Park Taken April 1, 2008
The Above Photos Of Carolina Park Were Taken April 1, 2008. About 150 Building Lots Have Been Marked. In June It Was Announced That The First Four Custom Builders Have Been Selected To Build Homes In Carolina Park. They Include Advanced Builders, Allen Custom Homes,Nielsen Construction And South Atlantic Builders. Construction Of The First Homes Is Expected During The Summer of 2008.
Updated Photos Of Carolina Park Taken June 2008
Sintra Corporation Visitor Center Under Construction - Photo Taken June 2008
Hot Off The Press - November 7, 2008
I just learned today that Brentwood Homes will be the first 'tract" builder constructing homes in Carolina Park. Brentwood Homes hopes to start construction of two spec homes in the next few weeks. The two homes will be priced in the $420,000 to $450,000 range. The smaller of the two will be approximately 2213 sqft. with 4 bedrooms and 2 1/2 baths. The larger and more expensive home will be 2624 sqft. with 4 bedrooms and 3 1/2 baths. Brentwoo homes builds homes throughout the Charleston area. In 2006, Brentwood became the largest "green" builder in South Carolina, committing that all homes built in Charleston would meet the EarthCraft House standard. Brentwood Homes has built over 1000 homes in the Charleston area. As of June 2007 they were building in Coker's Crossing in Goose Creek, Highlands Plantation in Summerville, Hunt Club in West Ashley, Indigo Palms and Oak Terrace Preserve in North Charleston, and Summertrees, located on Johns Island. In mid summer of 2009, Brentwood Homes was taken over by Crescent Homes.
Brentwood Homes Starts Construction Of The First Of Three "Spec" Homes In Carolina Park
Single family home on lot 65 in Carolina Park under construction December 8,2008
Brentwood Homes has started construction of the first of three "spec homes" planned in Carolina Park. The first two story home is located on Lot 65. It will be a 4 bedroom 3 1/2 bath two story home of approximately 2624 square feet. The Rutledge Plan has a formal living room, separate dining room, family room and loft area. It also has a first floor master suite. It has been listed at $432,200. The photos below were taken on December 8, 2008. See photos and information on Carolina Park on my Charleston Real Estate Web Site and/or search for homes for sale in Carolina Park. It is anticipated that the time of construction for a new Brentwood home in Carolina Park will be about 6 months.
February 2009 Photo Update
First New Home sale In Carolina Park
Recent Spec Home Almost Completed In Carolina Park By Brentwood Homes. Crescent Homes Has Taken Over the Operations Of Brentwood Homes.
Contact Joe for floor plans of this and other new homes to be built by Brentwood Homes at Carolina Park. Joe can represent your interests as a "buyer agent" at no cost to you on any Brentwood?Crescent home in this new Mt. Pleasant residential community.
A Photo Diary Of The Progress Of The Brentwood/Crescent Homes Subsection at Carolina Park.
New Homes For Sale In Carolina Park
Building Lots For Sale In Carolina Park
Carolina One Real Estate Has Started To Release Building Lots In The Tidewater & Palmett Forrest Neighborhoods Of Carolina Park.
A "typical" rear view from one of the pond site building lots released in January of 2009.
These lots are listed by Carolina One Real Estate. As an "Accredited Buyer Representative" with over 14 years of real estate experience, I am able to represent your interests in the purchase of a building lot in Carolina Park or in most any other Charleston area community at no cost to you. Feel free to contact me with any questions you may have about Carolina Park or any other Charleston area community. If you live out of town and would like me to preview a lot for you, feel free to give me a call at 843-214-1611 or send me and e-mail at Scott.Ferguson@agentownedrealty.com
Cline Homes Starts Construction Of "Spec" Homes At Carolina Park In The Egrets Landing Subsection Adjacent To The Construction Of Brentwood Homes. Photo taken in May 2009.
The January 6, 2010 edition of The Post and Courier Newspaper reported today that the developer of Carolina Park has missed a mandatory $500,000 payment to the town of Mt. Pleasant, putting it's development agreement in jeopardy. Carolina Park Associates had agreed to pay $500,000 annually to the town and $100,000 to the county for improvements in the nearby Whitehall Terrace community over 12 years as part of it's development agreement, which dictates what can be built on the 1700 acre tract. A lawyer for Carolina Park said that the developer has invested about $50 million in the project and that the value of the unbuilt portion of the tract was appraised a year ago at $150 million.
New Update March 11, 2010
According to an article in the Post and Courier on March 11, 2010, a judge has ruled that the foreclosure of about 1200 acres in Carolina Park can proceed no sooner than May 18, 2010.One of the investors in the development, CDM of Charleston LLC has been fighting the lawsuit brought last year by Palmetto Debt Holdings, which controls the $25 million first mortgage on the property.
In August of 2009, Palmetto Debt Holdings bought the note from the National Bank of south Carolina for an undisclosed amount. It than filed a lawsuit to take over ownership of the land which has been appraised at $150 million.
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Mount Pleasant South Carolina Subdivisions By Price
|Belle Hall Plantation - $280,000 to $1,000,000 +
Carolina Park -$390,000+
Old Village of Mount Pleasant - $600,000 to $4,000,000
|Charleston National - $275,000 to $1,000,000 +
Olde Park - $1,200,000 to $3,000,000
Dunes West - $250,000 to $3,000,000 +
Park West - $260,000 to $2,000,000 +
Hamlin Plantation - $400,000 to $1,000,000+
River Reach- $1,200,000 to $3,000,000
I'On - $500,000 to $3,000,000
Rivertowne On The Wando - $375,000 to $2,000,000 +
Contact Joe If You Want To Be Informed Of The Latest Developments At Carolina Park Or May Have An Interest In Purchasing A Home Or Home Site When They Become Available.