SUMMERVILLE, SC (WCSC) - Changes ahead for Berkeley County's Nexton community after 4,000 acres of land was sold to a new owner and developer.
The announcement came over the weekend as North America Sekisui House, LLC (NASH) and its development partner American Newland Communities, LP purchased the land from WestRock Land and Development.
"Since 2008, we have enjoyed significant success establishing Nexton as the region's next job center, and our first residential village, Brighton Park, was named Community of the Year in 2015," said Kenneth Seeger, President of WestRock. "We selected NASH and Newland Communities because we are confident that they will follow through with our plans for Nexton as they were originally conceived."
The community located along I-26 and US 176 is for mixed-use development.
Seeger said the company had entered conversations with multiple parties interested in developing in Fall of 2016.
"The market is very strong, and we're able to pick a long-term developer that is extremely strong financially," Seeger said.
Newland Communities has developed mixed-use communities nationwide. While the company new to the Lowcountry, it did develop the Lake Shore on Lake Wylie community in Tega Cay, SC.
NASH is a subsidiary of Sekisui House, which claims to be Japan's largest home builder and a leading diversified developer, building more than two-million house.
NASH has established joint-ventures in the past, and now plans to make the transition into Nexton as smooth as possible, keeping the same vision for the area.
"Ultimately moving forward we plan to bring in multiple builders, multiple new amenities, and recreation activities for not only residents of Nexton, but also the outside community," said Bill Mumford, Senior Vice President of American Newland Communities.
Four-thousand acres of land was sold in the purchase. Roughly 3,600 acres will be built for residential use. Nexton was approved for 13,000 residential units, however now they're looking at 6,500 homes (single-family detached, single-family attached and multifamily dwellings) based on the density of the areas across the property.
"With what WestRock has retained, they will be focusing on a lot of additional opportunities for commercial retail and other uses," Mumford said.
The environment won't be an issue either, per Mumford. He said the goal is to save as much of the landscape as possible in the plans.
The new owner and developers are also confident this venture will impact the economy positively.
"From a jobs perspective, it's going to be a bunch," Mumford said. "The area and the region is going to be supported with a lot of construction, suppliers, service providers which are going to be associated with the continued growth."
"We had a vision that Nexton would be the next job center for the Charleston region, and it's really exceeded our expectations," Seeger added.
Construction of the new Sheep Island Interchange off I-26 will help with the traffic around the Nexton community and Berkeley County.
The goal is to have Nexton completed within the next five to seven years.