BY STEPHEN FASTENAU
firstname.lastname@example.orgAugust 25, 2015
A crowd marched across the dirt out to the edge of the marsh off Water Street to ring in a new development on Tuesday.
The Beaufort Regional Chamber of Commerce led a ground-breaking for the City Walk housing community, which will include about 50 homes off of North Street in Beaufort’s West End neighborhood.
East West Communities is developing City Walk, with construction on three model homes to begin in September.
East West’s Mac Rogerson, who also works with the developer’s Pinckney Retreat community off of Parris Island Gateway, said there is optimism in the industry.
“All the short sales and foreclosures have been bought, and there’s a great opportunity now for new construction,” he said. “Interest rates are low, construction costs are still reasonable. It’s a good time for all of us in this industry — knock on wood.”
Homes in the community will start at about $340,000 and go up to about $475,000 Rogerson said, with some custom homes possibly costing more. There are 18 marsh and waterfront lots and another 10 with water views, he said.
The developers and their land planners worked with the city to ensure the new development fit with master plans for Boundary Street and open space.
“We didn’t want to put in a gated community here,” Rogerson said. “We wanted something to feel like it was part of downtown and had been here.”