Middleburg Communities has closed and plans to commence construction on a 211-unit single-family housing community on an approximately 46-acre land parcel in Johns Island, S.C., one of the fastest-growing submarkets in the Charleston Metropolitan Statistical Area.
The community, to be known as Hamlet Maybank, is a joint venture between Middleburg and Parse Capital, a subsidiary of The Wolff Co.
Middleburg plans to leverage its in-house construction capabilities to transform the land into a vibrant neighborhood community that will offer individuals and families the benefits of single-family living without the hassle of property maintenance and upkeep.
Hamlet Maybank will be a low-density multifamily development that will feature a mix of detached cottages, duplexes and townhomes with floorplans designed to cater to today’s active lifestyles. Middleburg plans to commence construction in early 2023, with units coming online beginning mid-2024. All homes in the community will feature best-in-class amenities with environmentally friendly designs and private backyards that will allow residents the opportunity to enjoy the outdoors – a luxury that is unavailable in most traditional multifamily developments.
“Hamlet Maybank promises to deliver an exceptional single-family living experience in the heart of one of America’s most active submarkets,” said Selim Tay-Agbozo, president of Middleburg Development. “The value proposition our Hamlet brand offers is unmatched – all of the comforts of home ownership with the ease and flexibility of renting and no down payment required – and that is why we are experiencing overwhelmingly strong demand in the other high-growth Southeastern markets where we are developing this prototype. We have no doubt we will experience similar interest at Hamlet Maybank, especially as more and more individuals choose to relocate to hotspots like Charleston and seek out traditional neighborhood environments to raise families.”
The proposed site of Hamlet Maybank, located at 2029 Harlow Way in Charleston, sits just 20 minutes from downtown, more than 68,000 jobs and a number of the area’s main attractions, including beaches, golf courses, restaurants and nightlife. With its natural beauty, welcoming lifestyle and economic development, Johns Island has experienced a 50 percent increase in population growth over the past 12 years and is projected to continue being a preferred destination for people of all ages.