Charleston National
Charleston, South Carolina
 
Un-gated, 750 unit “volume builder” community halfway through development.
Address two specific developer questions: could remainder of community be developed with combination of volume builder and custom homes; did a better/more profitable development option exist?
Reviewed existing covenants, club plan, option agreements and similar controlling documents; analyzed product offering in terms of lot counts, sizes and views and amenity quality and loadings; reviewed realistic opportunities for master plan modification; developed alternate project pro formas dimensioning the likely financial outcomes associated with two plausible development approaches.
Answered first question affirmatively; offered specific product, pricing, amenity and marketing approach enabling concurrent development of gated and un-gated neighborhoods on remaining land parcels thereby accelerating unit absorption and increasing both revenues and investment returns.
 
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