Graycliff Capital Announces Waterleaf at Foxbank, Upscale Multi-Family Development in Suburban Charleston
Greenville (S.C.)-based Graycliff Capital Partners, LLC (Graycliff Capital), a leading developer/owner in the multi-family sector,is pleased to announce its newest multi-family development in South Carolina’s Lowcountry region – Waterleaf at Foxbank – Luxury Apartment Homes located in Berkeley County in the town of Moncks Corner.
“Beaufort-Port Royal was deemed an ideal area to develop a high-end, multi-family community because of these neighboring cities’ high quality of life and stable employment base,” said Paul Aiesi, partner at Graycliff Capital. “Situated between Charleston and Savannah, and close to Hilton Head Island, this part of South Carolina is one of the fastest-growing regions in the nation. Residents of Waterleaf at Battery Creek will find this community unmatched locally, with its waterfront views, superior amenities and appealing coastal architecture.”
Waterleaf at Foxbank will feature 11 residential buildings with one-, two- and three-bedroom floor plans, as well as three “carriage house” buildings and an upscale community clubhouse. Construction is underway on the 318-unit, Class-A residential luxury apartment community with pre-leasing expected to begin in Spring 2023.
Part of Greater Charleston’s Goose Creek/Summerville area, Waterleaf at Foxbank is just 25 miles from historic downtown Charleston and the Port of Charleston, and 18 miles from Charleston International Airport. The property is situated within the master-planned, mixed-use community of Foxbank, which offers single-family homes, office/retail space and a 67-acre amenity lake. An all-new Publix-anchored shopping center is under construction across the street from Waterleaf at Foxbank with plans for a Parker Gas Station, a Waffle House, a Domino’s Pizza, a Mexican restaurant, and a coffee shop. Nearby attractions include Cypress Gardens – a preferred group and family destination since 1932.
Convenient to major highways, Waterleaf at Foxbank offers ready access to major employers including Google, Alcoa, Boeing, Daimler, Mercedes Benz Vans, Volvo, and Roper St. Francis Berkeley Hospital, as well as higher education institutions such as Trident Technical College, Charleston Southern University, College of Charleston, and the Medical University of South Carolina.
Waterleaf at Foxbank will be operated by Greenville (S.C.)-based NHE, Inc., which has significant regional operating experience in the region.
Graycliff Capital in the Carolinas and Beyond
In addition to Waterleaf at Foxbank, Graycliff’s recent and current coastal developments include Waterleaf at Murrells Inlet in South Carolina; Waterleaf at Battery Creek in Port Royal, South Carolina; and Waterleaf at Leland near Wilmington, North Carolina. Graycliff continues to identify opportunities for new communities within the coastal Carolina markets, which are experiencing a significant in-migration population boom. The migration to the coast is driven by its moderate climate, diverse economy, and abundant lifestyle amenities – attracting both millennials and baby boomers alike to relocate.
Over the past decade, Graycliff’s geographic reach has extended beyond the Carolinas to other parts of the Southeast, including Georgia and Tennessee. Graycliff’s portfolio also includes multi-family communities in the Mid-Atlantic region, as well as Ohio, Pennsylvania, and most recently, Utah.
About Graycliff Capital Partners, LLC
Headquartered in Greenville, S.C., Graycliff Capital Partners is a multi-family development and investment company with focus on the Southeast and Mid-Atlantic regions of the United States. Since its founding in 2010, Graycliff has acquired and developed 12,200 units, executing approximately $2.4 billion in transactions. Graycliff’s core strategy is based on investing in areas with established economic growth and high barriers to entry. Graycliff is passionate about supporting local non-profits making positive impacts in their respective communities. For more information, visit www.graycliffcapital.com.
