A new, Daniel Island inspired, 18,000 home development in the Cainhoy area will be the largest ever for the Charleston area. The new development will encompass 9,087 acres; larger than the Charleston Peninsula and Daniel Island combined. It expected to be a partnership between the Guggenheim Foundation, The Daniel Island Company and The Beach Company.
Cainhoy Plantation will be a city-sized community of up to 45,000 residents. The development will benefit from major lane expansion and improvements on both Clements Ferry Road and Highway 41, that will be complete in 2021. An investment now, in my opinion, in real estate along Clements Ferry Road may represent an attractive opportunity. However, traffic may be challenging until the lane expansions are complete. With the growth, there will be immediate benefits with this development such as new schools that will open in Berkeley County. There is one new elementary/middle school complex opening Fall 2016 and a new high school opening in 2017. The new schools have been a long time coming. Currently, the Daniel Island School is somewhat overcrowded, with 200 more students than originally planned. Immediately, students will benefit from smaller class sizes and shorter commutes. The Cainhoy Plantation development is another indicator of Charleston’s growth and appeal.
Owner, Broker Associate
Prestige Real Estate Group