A 92-acre parcel within the rapidly growing Point Hope community has sold for approximately $24 million, marking another significant investment in what is expected to become one of the largest master-planned developments in South Carolina.
The property is part of the broader 9,000-acre Point Hope development on Charleston’s Cainhoy Peninsula, a project entitled for up to 18,000 residential units alongside commercial, retail, healthcare, educational and recreational uses. While the approved entitlement reaches 18,000 homes, project leaders have indicated the community will likely be built with approximately 11,000 to 12,000 homes over the next 15 to 20 years, depending on market demand.
The latest land acquisition underscores continued confidence in the Clements Ferry corridor, one of the fastest-growing areas in the Charleston region…