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Note
220 Acre Mixed Use PUD: I-95 (Exit 5) - Price Reduced For Quick Sale
Listing was updated at: 11/27/2018
Property Overview
Price/Rent PSF $ 3,900,000.00
Asset Type Land
Trade Type Sale
Acres Available 220.00
Date Available 11/27/2018
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Description

Location
Hardeeville is a bedroom community for major employers in Savannah, Bluffton, Hilton Head, and the surrounding counties. The site is 20 minutes to Savannah Harbor, the busiest cargo terminal on the East Coast; to Savannah Industrial Park and the distributions centers for Target, Home Depot, Lowe's, and IKEA; and to Savannah/Hilton Head International Airport and Gulfstream Aerospace headquarters, research, development, and manufacturing facilities. Bluffton and Hilton Head resort and retirement communities and the associated employment opportunities are within 20 and 30 minutes, respectively. Demand for multifamily and single family housing in the area is growing.


Sale
Gateway Crossing is a 220-acre mixed-use development in Hardeeville, South Carolina. The property is located at exit 5 of I-95 and bordered by Highway 17 to Savannah and Main Street/Route 46 to Bluffton and Hilton Head. The project is fully entitled, and has strong community support. Wetland permits are active and valid through 2019. The project is virtually shovel-ready.
The property is fully entitled for 704 single family homes, 435 multifamily units, and 412,350 square feet of commercial zoning in the 2003 PUD. The housing is exempt from current impact fees of $6,500 per door because the PUD was approved before imposition of fees; commercial development fees also are reduced. The wetlands have been delineated, and active USACE permits are valid through 2019.
Gateway Crossing is planned to be a walkable community offering a variety of affordably-priced housing products, from multifamily rentals to single family homes for sale, with recreation facilities, business/internet center, parks and paths, and over 80 acres of lakes and open space. When built out, Gateway Crossing would include a grocery, bank, pharmacy, hardware/homeware store, health center, restaurants, local retailers, small businesses, and a Continuing Care Retirement Center or Nursing Home.
The project has tax benefits and financing options. The City of Hardeeville supports Tax Increment Financing (TIF) for construction of infrastructure and reimbursement of development costs. The commercial development would qualify for New Market Tax Credits. A portion of the housing could be tax credit units.
Gateway Crossing has conducted the requisite studies, prepared the plans, and obtained necessary approvals.
Plans
• Planned Unit Development, Conceptual Master Plan
• Conceptual Drainage Master Plan, Utility Master Plan, Access Master Plan
• Wetlands Survey, Wetland Impact Plan, Boundary & Topographic Survey
Approvals
• Department of Health and Environmental Control
• Department of Natural Resources, Department of Transportation.
• Office of Ocean and Coastal Resource Management
• US Department of the Interior, Fish and Wildlife Service, US Army Corps of Engineers


Location

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