Ginn has Submitted Plans for Upscale Development near Charleston, SC

Palm Coast, FL – The Ginn Company has submitted plans to the City of Charleston, SC for an upscale development on 975 pristine acres along the Stono River on James Island. The plan calls for 240 homes. The city had previously been unsupportive of an initial plan that included 600 single family homes and marsh front condominiums and a subsequent submittal for 310 homes.

The property, know as Grimball Farms, is mostly marshland. Only 343 acres can be developed. Several Civil War battle sites on the property will be preserved.

If the plans are approved, Ginn will sell the project to a group of investors who have hired a Greenville, SC based development group headed by golf legend Gary Player to build out the site. The group would build a public golf course designed by Player. Grimball Farms will not be gated. City council members who were interviewed indicated that they were leaning in favor of the new plans but the reaction of local residents is not yet known.

Ginn purchased the property for nearly $8 million in 2004. Investors have the property under contract for $28 million according to Bobby Masters, Ginn’s executive vice president. He said that the company wants to sell Grimball Farms so they could focus on two other Charleston area projects. “When we bought Grimball, we didn’t have either of those properties. They changed our focus,” he said. The two projects are Patriots Point in Mt. Pleasant and the Promenade resort off Morrison Drive on the Charleston peninsula.

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source: gotoby.com