- Type
- Retail
- Market
- Carolinas
- Sq. Ft.
- 90,000
- Address
-
1679 Clements Ferry Rd Charleston
SC 29492,
Publix-anchored Development, Stiles' 1st in Charleston, SC
December 16, 2021
Stiles announced today that it has closed the $29 million sale of Point Hope Commons, a 75,000-square foot Publix-anchored neighborhood shopping center in Charleston, South Carolina. The property was purchased in a private transaction.
June 7, 2018
About Stiles Established in 1951, Stiles is a full-service real estate development firm with a clear mission: Invest. Build. Manage. Stiles services include development, construction, tenant improvement, realty, property management, architecture, acquisitions and financing. The company is responsible for more than 43 million square feet of office, residential, industrial, retail and mixed-use projects throughout the southeastern United States. Headquartered in Fort Lauderdale, Stiles maintains regional offices in Miami, West Palm Beach, Naples/Fort Myers, and Orlando, Florida, as well as a development office in Charlotte, North Carolina. Learn more about Stiles at stiles.com. About Cainhoy The 9,000-acre Cainhoy property is being planned and developed as a new master-planned, mixed-use community located within the City of Charleston and Berkeley County. Cainhoy was annexed into the City of Charleston over 20 years ago as an integral part of the city’s growth plan and serves as a key connection between Mount Pleasant and Charleston. An estimated $250 million in infrastructure funding (schools, roads, bridges, sewer, water) by the city, county, state and federal governments is in place. Many of these improvements are underway or completed to support growth on the peninsula and surrounding areas. Bordered by both the Wando and Cooper rivers, development plans call for the creation of a new “town” where innovative trails will connect people to rivers, creeks, parks, and marshlands, as well as neighborhoods, schools and a vibrant village. Conservation-minded planning principles will incorporate and enhance the land’s distinctive natural and cultural resources and over 50% of the property will remain undeveloped natural areas. With approved zoning for residential neighborhoods, schools, retail and commercial, Cainhoy will become a significant submarket within Charleston…the city’s last “borough.” The property is fully entitled for as many as 18,000 homes, although approximately half that number is anticipated to be built. The community’s first public school, Philip Simmons Elementary and Middle School opened to Cainhoy area students August 2016 and the Philip Simmons High School opened August 2017. The Guggenheim family and family interests continue their ownership of this land of which they have been stewards for decades. They have engaged the development team responsible for Daniel Island to lead the vision and development of their property as a vibrant new residential community and a place of recreation and retreat for greater Charleston. About Publix Publix is privately owned and operated by its 188,000 employees, with 2016 sales of $34 billion. Currently Publix has 1,155 stores in Florida, Georgia, Alabama, Tennessee, South Carolina, North Carolina and Virginia. The company has been named one of Fortune’s “100 Best Companies to Work For in America” for 20 consecutive years. In addition, Publix’s dedication to superior quality and customer service is recognized among the top in the grocery business. For more information, visit the company’s website, corporate.publix.com. ###
September 25, 2017
Charleston, S.C. – September 22, 2017 – Stiles, a longstanding developer and real estate services provider throughout the Southeast, today announced the signing of a lease with Publix Supermarkets to occupy the anchor tenant space at Point Hope Commons in Charleston’s burgeoning Cainhoy Plantation, a new master planned community in the heart of the rapidly growing metropolitan area.
