The Property is minutes from Bluffton, SC; Hilton Head, SC; and Savannah, GA and is within close proximity to Interstate 95, US Hwy 278 and Hwy 170. It is directly in the “path of development” from Hilton Head Island, to Bluffton, to Hardeeville down US Hwy 278. The property is 20 minutes west of the historic town of Bluffton, 25 minutes west of Hilton Head Island, and 35 minutes north of Savannah, GA. The Hilton Head Island, Bluffton and Beaufort metro area was the 12th fastest growing community in the nation from 2014 to 2015, according to statistics released by the U.S. Census Bureau.
The area is home to premier communities, including the award-winning Palmetto Bluff, a 20,000-acre waterfront community owned by Crescent Communities; Hampton Lake, the Reed Group’s signature lake property; and Del Webb’s Sun City with over 8,000 homes.
The East Argent Planned District Development (PDD) was originally envisioned by JPR Properties, LLC and approved by the City of Hardeeville in 2005 for over 18,000 residential units across 7,350 acres. Argent Land Holdings (ALH), a subsidiary of American Land Holdings, and a real estate fund managed by Inland Capital, acquired over 4,700 acres in 2015 and ALH became the master developer of the PDD. As the master developer, ALH amended the Development Agreement & PDD in 2018 to create a platform for fully developing the Property and is investing over $15M to complete the Central Loop Road (connecting Hwy 170 and Argent Blvd) and completing the PDD’s water, power and sewer systems. Prior to our acquisition in 2015, the property was purchased, zoned and partially developed by John Reed of JPR Properties. JPR has developed multiple communities in the immediate area including Hampton Lake, Berkeley Hall, Hampton Hall, Belfair and Colleton River Plantation.
Since ALH’s acquisition, a number of large projects are now in the early stages of development within East Argent. Specifically, there are two joint ventures with Reed Development Group (one to develop the next Hampton Lake – Reed’s wildly successful lake focused community, and one to build approximately 1000 homes for a national builder). In addition, two large multi-family parcels are under contract, a brand-new regional YMCA facility will be built on land donated by affiliates of Inland Capital, and a state-of-the-art assisted living facility is in the planning stages. Furthermore, it is anticipated that a major regional grocer will be building a supermarket on the parcel they have owned since the mid-2000’s at the Hwy 170 entrance. Overall, there are plans for over 2,500 units of development that have been contracted for or are in the process of being contracted for in the last 12 months alone.