kitchen countertopsNear Nexton, SC

The company that’s building out a master-planned community in Berkeley County that’s as large as the Charleston peninsula is set to come under new ownership.

California-based Brookfield Residential announced this week that it is acquiring Newland, the developer of the 5,000-acre mixed-use Nexton neighborhood between Interstate 26 and U.S. Highway 176 near Summerville.

The sale of San Diego-based Newland, which is involved in 20 large master-planned projects around the country, is expected to be finalized June 1.

Financial terms were not disclosed.

A Nexton spokeswoman declined to comment on the pending sale.

“No major, significant operational changes are expected,” said Brookfield spokeswoman Krista Ellingson.

She said the company’s specialty is supplying homes and lots in constrained real estate markets such as Charleston, where a scarcity of homes on the market has dropped to less than a one-month supply, triggering bidding wars and pushing up prices.

“We just aren’t a homebuilder, we invest in land to build homes and sell to homebuilders,” Ellingson said. “We want to show our partners that we are in it with them.”

Bob McLeod, Newland’s executive chairman, said the Brookfield deal “will provide more opportunities for the continued development of additional mixed-use masterplans well into the future as well as give us significant additional vertical development opportunities.”

As of this week, Nexton has 1,266 occupied single-family homes in four subdivisions — Brighton Park, Del Webb, Midtown and North Creek. About 200 more are under development within the neighborhoods.

Nexton also has about 900 finished apartments in three complexes, with another 600 rental units on the way.

When build-out is completed in about 10 years, Nexton will have about 7,000 residences with about 17,500 residents. That will make it roughly equal to the current populations of Moncks Corner and Georgetown combined.

Brookfield Residential currently has no real estate operations in the Palmetto State. The Newland acquisition will expand its footprint to eight new markets, including Charleston, Raleigh-Durham and Wilmington in the Carolinas, and five other areas where both companies have projects in the works.

Last year, Brookfield’s revenue from home and land sales was $1.74 billion, about $200 million less than in 2019, mainly because of the COVID-19 pandemic, according to the company’s annual report.

During the first three months of 2021, total revenue topped $444 million, about 30 percent more than the first quarter last year, when the coronavirus began to spread throughout the overall economy.

Costa Mesa, Calif.-based Brookfield Residential is part of Canada’s Brookfield Asset Management, which oversees investment totaling $600 billion and is headquartered in Toronto.

Newland oversees the development of the Nexton tract for North America Sekisui House LLC. NASH, a subsidiary of Japan’s largest homebuilder, bought the property in 2017 from paper maker WestRock Co.’s former real estate division for $90 million.

Several new commercial tenants are coming to a large housing development on the edge of Summerville.

Lombardi’s Pizza Kitchen, The Co-op Frosé & Eatery, The Backyard Biergarten, Lowcountry Yoga and children’s gym KidStrong are all lined up to be a part of The Hub in Nexton.

The restaurants and fitness sites are expected to move in by late June or early July, according to Nexton spokeswoman Cassie Cataline.

The Hub is a collection of office and commercial buildings under development on Nexton Parkway and Brighton Park Boulevard near Home Telecom and Refuel convenience store.

Office tenants include Coastal Vascular & Vein Center, Charleston Wound Care, Palmetto Primary and Specialty Care Physicians, Derrington Dermatology and Holliday Ingram law firm.

A new pair of two-story office buildings is expected to be completed in 2024 and 2025. They will be 30,000 square feet and 20,000 square feet, respectively, and be built beside Nexton Parkway.

Nexton is a 5,000-acre, mixed-use development next to Summerville between Interstate 26 and U.S. Highway 176 in Berkeley County. With more than 2,500 homes already sold, the development is expected to have 7,500 residential units at full build-out.

It also could house as many residents as the current populations of Clemson, North Myrtle Beach or West Columbia, roughly between 16,000 and 20,000. That would make it as big as Moncks Corner and Georgetown combined.

Now open

A new pizza restaurant is now open in Mount Pleasant.

BarPizza opened May 12 at 656-G Long Point Road in the revamped former Kiki & Rye space.

It’s part of Free Reign Restaurants owned by Ryan and Kelleanne Jones. They also operate the recently opened Southbound on the Charleston peninsula and Community Table in Mount Pleasant.

Stepping in

A new retail shop that incorporates a clothing item in all of its wares is close to opening in downtown Charleston.

Respoke hopes to open by the weekend at 377 King St. in the former location of Simply J Boutique.

The shop will offer shoes, clothing and other items that are made in part by repurposing different sections of scarves. Hours will be 10 a.m.-6 p.m. daily, but they could change after the shop opens, according to store manager Joseph Fennell.

New threads

Also, coming to downtown Charleston is a new women’s clothing store, now with a shop in Asheville.

Hazel Twenty owner Lexi DiYeso plans to open in August at 73 Wentworth St., formerly part of 269 King St. that was used as back-of-house storage for the former Gap store. The front section houses Aerie, also a clothing shop.

The 3,641-square-foot space is currently under construction behind clothing store Collared Greens and next to The Port Mercantile, part of The Restoration Hotel, according to Blair Hines Gearhart of Oswald Cooke & Associates, who represented the tenant. Charles Constant with Constant Properties represented the landlord.

Fresh return

Ruke’s Produce Stand returns to Mount Pleasant on May 24. Operated by Arthur Brown, the vegetable and fruit vendor will operate 10 a.m. to 5 p.m. Monday through Saturday through Dec. 31. It’s at 378 Mathis Ferry Road next to Holy Trinity AME Church.

Book it

That Big Book Sale returns for its 41st run May 19-21 at Omar Shrine Auditorium at 176 Patriots Point Road in Mount Pleasant.

More than 60,000 books in all categories will be on sale, starting at $1. Sponsored by Charleston Friends of the Library, the event helps support Charleston County Public Library System.

A pre-sale event for members is 5-8 p.m. May 18. The event is open to the public 9 a.m.-7 p.m. May 19, 9 a.m.-5 p.m. May 20, and 10 a.m-3 p.m. May 21.

Checks, cash, major credit cards and electronic payments, such as ApplePay, will be accepted.

The New Covenant Church of God has experienced quite a few changes since its inception in 1993 that saw a group of eight “passionate” worshipers expand and grow throughout The Lowcountry, says church administrative assistant Sheila Black.

After relocating from Hanahan, the Pentecostal house of worship moved to Ashley Phosphate Road in 2007, while maintaining a steady presence in Mount Pleasant as well.

But Pastor Marc Campbell and company recently sold the North Charleston property in October 2021, with designs on building a state-of-the-art facility at 1667 Rose Drive in the Nexton mixed-use community in Downtown Summerville.

With shovels hitting the dirt this past Sunday, the projected completion date for construction is about 18 months away in the summer of 2024.

New Covenant’s congregation is presently meeting for 9 a.m. and 11 a.m. services at the old Summerville Church of God at 304 Pine Street during the Nexton construction phase. Additionally, the church also has several sub groups that meet separately on Wednesday night, including a a woman’s group, along with boys and girls clusters.

Food distribution services are also part of the mix, as New Covenant collaborates with a North Charleston ministry to donate food to the needy every Thursday.

“Our church will be constructed with future plans to include an outdoor amphitheater and athletic fields,” detailed Black. “Our main goal in the next few months is to have our church ready for worship and facilities for our children’s ministries.”

Campbell, a Hazard, Kentucky native, and his wife, Mary, served abroad as evangelists and pastors in the United Kingdom prior to starting New Covenant out of their living room.

When asked if Pastor Campbell’s sermon style is strictly by-the-book, Black described him as a preacher who will incorporate or relate to the daily lives of his congregants, but also bring his discussion back to the Bible. In short, she depicted him as a “man with a vision.”

It was also noted that Campbell is a member of the Charleston Ecclesiastic Council and heavily involved in training in parts of Europe and Asia.

Unlike lots of new churches featuring gospel bands and singing at their services, however, New Covenant goes down the more traditional music-free route.

“We are a multi-cultural, multi-generational place to worship,” concluded Black, who expounded on the collective enthusiasm provided by church members on a weekly basis.

“On any given Sunday at New Covenant, you will find smiling faces, willing hands and open hearts. There is room here for those who have felt unwanted and neglected. There is room here for those who have never walked through the doors of a church. There is room here for families that are struggling ... for the imperfect. As a matter of fact, this is what New Covenant is made of — come as you are. You’ll see suits and ties right next to shorts and flip flops. It would make our day to see you walk through the doors.”

BERKELEY COUNTY, S.C. (WCSC) - The Nexton community in Summerville continues to see new growth right off of I-26 and Highway 17A.

Nexton Vice President of Operations Brent Gibadlo says the community can expect to see new restaurants, parks, employments opportunities, offices, and a variety of homes coming in the next few years.

“Nexton is already in a really great location, right off of I-26, so it’s very accessible. I think the other thing is a lot of employment here,” Gibadlo said. “So, this isn’t really just about homes, it’s a lot about businesses. So, it’s this idea of integrating where people work and where people live and getting those things more inter-connected.”

The Midtown area of Nexton opened about six months ago and currently has about 100 homes on site, but within the next 10 to 15 years, Gibadlo says they plan to have around 3,000 homes there.

“I think that’s the biggest thing that we’re trying to do at Midtown Nexton is offer housing options across the board,” Gibadlo. “So whether you’re a young person looking to buy your first home or you’re an empty nester looking to downsize, and everything in between.”

Gibadlo says the Midtown space will have apartments, townhomes, and individual houses. They also just broke ground on the Midtown Club which will have a resort pool, lap pools, exercise facilities, and other amenities.

Downtown Nexton is expected to break ground later this year. It will be separate from the existing Nexton Square with restaurants, stores, and offices. It will be about 100 acres along Sigma Drive. Gibadlo says it will have hotels and apartments in a more urban and city-like area of the community.

He says he’s excited for Nexton to also become a health and wellness hub for the area. That includes new offices already and the anticipation of a MUSC Community Hospital expected to open in 2022.

Gibadlo also says they realize the growth of this area may not seem beneficial for everyone.

“You know, it’s very fair for folks to have concerns about growth. What we always think about is we want to make sure that there’s far more positives than negatives associated with growth,” Gibadlo said. “So I think first it starts with a good, thoughtful master plan. And that’s one thing that we’re lucky in the case of Nexton. This is a plan that’s been in the works now for over 10 years.”

He adds that Nexton has a master plan for the road networks and stormwater plans that come with the rapid growth here.

Copyright 2021 WCSC. All rights reserved.

SUMMERVILLE, S.C., July 21, 2022 (GLOBE NEWSWIRE) -- Terwilliger Pappas, one of the Southeast’s premier multifamily property developers, is nearing completion on Solis Nexton, adding to its roster of 32 complete properties. Under the company’s marquee Solis brand, the newest property features 320 apartment homes in the Nexton neighborhood of Summerville. The project team includes Summit Contracting, Group 4 Architecture, Cline Design Associates, Seamon Whiteside and management company, Lincoln Property Company.

Welcoming home its first residents on July 29^th, Solis Nexton offers contemporary finishes such as granite countertops, stainless steel appliances, custom kitchen islands with sleek shaker-style cabinetry and modern hardware. Solis Nexton’s extensive amenity list includes a saltwater pool, expansive fitness center and yoga studio, local hot and cold brew coffee on tap, community dog park and pet spa, and a business center brimming with work from home opportunities. The community is located just steps from Nexton Square, placing residents moments from Nexton’s premier attractions such as Hall’s Chophouse, Taco Boy, Poogan’s Porch, and Page’s Okra Grill.

“Solis Nexton will provide our residents the full complement of amenities found in all of our Solis communities while honing in on the signature neighborly spirit of Nexton,” said Tom Barker, Regional CEO of Terwilliger Pappas. “Positioned minutes from top employers, schools, conveniences, entertainment, and walkable to all the perks of Nexton Square, living at Solis Nexton puts residents at the pulse of the Nexton community, and we are excited and honored to be the newest addition to the neighborhood.”

Lincoln Property Company will serve as the management company and has already begun pre-leasing apartment homes at Solis Nexton. Lincoln currently manages 11 active communities in the Charleston area and is thrilled to be working with Terwilliger Pappas and the Nexton team on this project. “We are looking forward to welcoming the first members of the ‘inner circle’ here at Solis Nexton later this July,” said Danielle Lombardi, Business Manager at Solis Nexton. “This community is truly a place to enjoy the brighter moments and we’ve really perfected the resident experience to be one that is second to none in the Summerville submarket.”

To explore the collection of studios, one-, two- and three- bedroom offerings at Solis Nexton- visit: 6000 Front Street | Summerville, SC 29486 or call to schedule your tour today: (854) 300-4913. You may also visit the community online and explore virtual touring options at: www.solisnexton.com.

For more information on Terwilliger Pappas or its 32 properties, please visit www.terwilligerpappas.com.

About Terwilliger Pappas

Founded in 2013 by J. Ronald Terwilliger and Peter A. Pappas, Terwilliger Pappas develops best-in-class multifamily apartment communities in the Southeast’s most appealing submarkets. Terwilliger Pappas communities are identified by their marquee brand, Solis, and reflect the company’s elevated design emphasis resulting in the highest quality communities for residents, investors, and partners. Terwilliger Pappas is based in Charlotte, with regional offices in Raleigh and Atlanta.

About Solis Nexton

Solis Nexton is a vibrant community in the heart of the award winning, master- planned Nexton community. Enjoy our contemporary aesthetic, ideal amenities, and neighborly atmosphere while just steps away from renowned restaurants, shopping, and entertainment. At Solis Nexton, you’ll live a bit brighter. Welcome home.

About Lincoln Property Company

Lincoln Property Company was founded in 1965 by Mack Pogue as a builder and operator of high-quality residential communities. Headquartered in Dallas, Lincoln focuses on real estate investment, construction and development, in addition to property management. In 2019, Lincoln Property Company’s residential division formed a strategic partnership with Cadillac Fairview (CF), a globally focused owner, operator, investor, and developer of best-in-class retail, office, residential, industrial and mixed-use assets. Wholly owned by the Ontario Teachers' Pension Plan, CF manages in excess of $36 billion of assets across the Americas, Asia, and the United Kingdom, with further expansion planned into Europe. Lincoln is currently the second largest multifamily manager in the United States with more than 210,000 units under management. For more information about Lincoln Property Company, please visit www.lincolnapts.com/business-services.

Media Contact:Tom BarkerTerwilliger Pappastbarker@terwilligerpappas.com919-585-5191