Magnolia Landing, the long-planned $2 billion mixed-use development on the upper peninsula has named its first residential developer.
Toll Brothers, a high-end housing developer in the Lowcountry, will be building luxury townhomes for the first phase of the work-live-play development in Charleston.
Long-term plans for the marathon 5.9 million-square-foot development call for up to 4,080 multifamily housing units, 1.2 million square feet of commercial space and 1,080 hotel rooms, with about 25 acres set aside for parks.
The residences will be a mix of market-rate and affordable housing situated on the Charleston neck area along the Ashley River.
The project is being developed by Highland Resources, which purchased a major portion of the property at a courthouse auction in 2018 and then went to worked to clean up the contaminated soil.
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Real Estate Matters in Charleston SC - Gena Glaze 