"When South Carolina's Charleston Naval Shipyard closed in 1996, the decision led to significant job losses and economic shock for the local community. North Charleston spent years crafting redevelopment plans for the 2,800-acre site and its collection of historic buildings. Now, the city is seeing success. Like many former military bases across the country, the site is being transformed into a vibrant area where people can live, eat, shop, and work."
"DRB Homes, a subsidiary of Japan's Sumitomo Forestry America, will build the first for-sale housing at what's now named Navy Yard Charleston. The Rockville, Maryland-based builder plans 55 townhomes as part of a ground-up development called Marine Row at the Navy Yard. Site work is set to begin in next year's second quarter, with the first homes starting construction a year later. The builder's commitment extends beyond the townhomes. It has established offices and showroom space in a renovated 1908 building called Storehouse 8."
"DRB Homes is expanding its local presence with the shipyard deal. The company has 11 communities of single-family homes and townhomes at various sales stages around the Charleston area. The long-term vision for the property combined with our love for this market is what attracted us to the site, said Bennett Rogers, division director for land development at DRB Homes. The Navy Yard Charleston redevelopment spans 85 acres within the larger property."
When South Carolina's Charleston Naval Shipyard closed in 1996, the local economy suffered major job losses and shock. North Charleston developed long-term redevelopment plans for the 2,800-acre property and historic structures, leading to successful reuse. Navy Yard Charleston is being transformed into a mixed-use neighborhood for living, dining, shopping, and working. DRB Homes will build 55 townhomes in Marine Row, with site work beginning in Q2 next year and home construction following a year later, and has opened offices and a showroom in renovated Storehouse 8. Jamestown and investors plan mixed housing, commercial, and retail development across an 85-acre redevelopment area, continuing adaptive reuse of historic buildings.
Read at www.housingwire.com
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