KIAWAH ISLAND, S.C. — Kiawah Life Plan Village Inc. (KLPV), a newly formed nonprofit, has purchased a nine-acre site from Kiawah Partners, a subsidiary of South Street Partners, in the coastal resort community of Kiawah Island.
Plans for the site include Seafields at Kiawah Island, a $180 million continuing care retirement community.
Conceived in response to fill a void in the market, and at the request of Kiawah and Seabrook property owners as a way to age in place, the property will feature an in-house medical clinic operated by the Medical University of South Carolina (MUSC Health).
KLPV also closed on the initial round of bond financing to enable construction to begin on the property. Big Rock Partners is acting as developer of the property.
Kiawah Island Real Estate, the sole real estate brokerage firm with offices on Kiawah Island exclusively focused on selling Kiawah properties, is managing sales and marketing for Seafields. The community will feature 98 luxury one-, two-, and three-bedroom residences, as well as 16 assisted living and continuing care services. Construction is slated to begin early this fall.
“Over the next five years, it is anticipated that there will be 31,000 additional 65-plus residents in the Sea Islands (Johns, Kiawah and Seabrook) area. This project was initiated to meet an identified need for a world-class residential facility promoting an active lifestyle, focused on health and wellness,” says Richard Ackerman, managing partner, Big Rock Partners.