More new apartments are coming to the Daniel Island area.
One of the latest is from a Charlotte-based firm that's planning rental units as part of a large, mixed-use development in the heart of the island's commercial center.
The City of Charleston's Design Review Board recently approved conceptual plans for Faison Enterprise to construct a project that includes 300 apartments and 33,000 square feet of commercial space on Island Park Drive, just across from the Family Circle Tennis Center, according to documents.
Officials at Faison's headquarters did not respond to repeated attempts for comment.
Faison's project is the latest among a handful of developments that would add several hundred of apartment units on Daniel Island and surrounding areas in the coming years, according to a new report by ApartmentGuide.com.
Catherine Hontz, senior market sales manager for ApartmentGuide.com, said demand in that area is being fueled by spillover from nearby Mount Pleasant, one of the region's hottest real estate markets.
Another factor: jobs being created by employers such as jet maker Boeing Co. and Benefitfocus, a software firm that plans to add 1,200 technology jobs at its Daniel Island campus, she said.
"We just have so many jobs coming," Hontz said. "Developers are not scared to develop another apartment community because they see the growth."
The job growth is encouraging news for developers like Woodfield Investments, which is planning to construct a 300-unit Woodfield Daniel Island apartment complex on 12 acres near the north side the Interstate 526 overpass. Work on the seven buildings is scheduled to start next year, according to partner Mike Schwarz.
Schwarz said the developers were drawn to Daniel Island in part because of the job growth in the area and the mix of commercial and retail space.
"We looked at it as an iconic mixed-use development that has all the benefits of Charleston, but in a suburban setting," he said.
A mix of commercial and residential amenities is important for attracting those in the millennials generation, Hontz said.
"They want to live, work and play close to home," she said.
Other developments include Simmons Park, a 269-unit luxury apartment complex near Seven Farms Drive and River Landing that's being built by Spectrum Properties Residential of Charlotte and Spartanburg-based Pacolet Milliken Enterprises. The project is scheduled to be ready for occupancy by mid-2015.
Also, Sullivan's Island-based Kassinger Development Group plans to build 324 luxury "coastal style" apartments as part of a 46-acre Sweetwater development at the former Rebellion Farms estate off Clements Ferry Road in the Wando area, north of Daniel Island.
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