Montage Residences Palmetto Bluff just announced an offering in the spirit of their 15th Anniversary. Deemed “A Place to Create Forever Memories,” Montage introduces this $2.75M, 2,900-square-foot residence, decked out for those seeking the ultimate outdoor recreation lifestyle.
Situated within Palmetto Bluff, a 20,000-acre residential community and conservation preserve, this property is seated next to 32 miles of riverfront and marsh front coastline, with extensive nature trails, a vibrant Village center complete with river access, boat storage and canoe club. This community embraces its rich history natural rural landscape, and is a historical haven to gain a true sense of the Lowcountry lifestyle.
The collection of homes features charming, timeless interiors that have spacious living areas, celebrating authentic Southern tradition. The indoor-outdoor spaces flow naturally with breezy entryways, with other highlights including…
- Residences situated in a waterfront setting in close proximity to the resort
- Two, three, four and five-bedroom, single-story residences
- Indoor/outdoor sitting rooms with fireplaces
- Oversized master suites with his-and-hers walk-in closets
- State-of-the-art kitchens
- Antique heart pine floors
- Driveways and walkways utilizing Old Savannah brick throughout
Photos courtesy of Montage Residences Palmetto Bluff
Crescent Communities’ acquired businesses will remain headquartered in Charlotte, North Carolina, under its existing management team.
Crescent Communities, LLC, a residential and commercial real estate company, and Sumitomo Forestry America, Inc., a comprehensive housing and wood products corporation and a wholly-owned subsidiary of Sumitomo Forestry Co., Ltd., announced the signing of a definitive agreement under which Crescent Communities’ three key businesses will be acquired by Sumitomo. The transaction is expected to close by the end of June.
“We are excited to partner with Sumitomo as their investment will continue Crescent Communities’ growth strategy and enhance our capital structure,” says Todd Mansfield, the chief executive officer of Crescent Communities. “This acquisition is evidence of Sumitomo’s favorable view of our multi-product platform and geographic footprint in high growth markets. We look forward to leveraging their extensive real estate expertise, financial strength and global network to support our ongoing commitment to unleash value for all stakeholders.”
Masons Bend’s Amenity Center
“We have been pursuing further expansion of our U.S. real estate business and the acquisition of Crescent Communities is a perfect fit with our investment philosophy,” says Atsushi Iwasaki, the president of Sumitomo Forestry America, Inc. “With favorable demographics, including outsized employment growth, Crescent Communities’ markets are well positioned to support healthy long-term real estate fundamentals.
The acquired business will take the Crescent Communities’ name and remain headquartered in Charlotte, North Carolina, under the existing management team led by Todd Mansfield, Chief Executive Officer. Palmetto Bluff, the acclaimed 20,000-acre resort community with a Montage branded hotel located in Bluffton, South Carolina, will be retained by Crescent Communities’ existing owners, with the local management team continuing in their roles and David O’Donoghue continuing to serve as president.
The new light rail by NOVEL NoDa and NOVEL at Providence Farm
Sumitomo Forestry America, Inc. will acquire Crescent Communities’ multifamily, single family and commercial and mixed use businesses. Crescent Communities’ multifamily business, operating under the “NOVEL by Crescent Communities” brand, includes 20 communities in development and/or operations, totaling approximately 6,400 units. The company’s Fielding Homes single family home building business includes over 1,700 single family lots across 6 communities in Charlotte and Raleigh-Durham, North Carolina.
The commercial and mixed use business development portfolio includes nearly 1.5 million square feet of assets, including the recently announced 742,000 square foot Ally Charlotte Center project in Charlotte, North Carolina. In addition, Sumitomo Forestry America, Inc. is also acquiring Crescent Communities’ development pipeline of nearly $2 billion of real estate projects, including 5,500 multifamily units, 2,200 single family units and 2.5 million square feet of office and industrial assets.
Photos courtesy of Crescent Communities
By Alyssa Apuzzio
Palmetto Bluff, the largest remaining waterfront property on the East Coast, has debuted its second residential community, Moreland Village. Surrounded by rich history dating back 12,000 years, the architecture is designed to create seamless transitions between the indoors and outdoors.
Crescent Communities at Palmetto Bluff has committed to the recent expansion of the Crescent-managed forest area by an additional 90 acres, protecting this land from development and allowing the organization to study and maintain the land. This increases Palmetto Bluff’s protected acres to 12,631.
“The needs and interests of the land and wildlife lead everything we do here at Palmetto Bluff, and we’re in great hands with the Conservancy team helping to ensure that the Bluff’s original inhabitants, its wildlife, prosper,” said David O’Donoghue, Crescent Communities executive vice president, resort and second home.
Amenities include The Boundary, which features a bowling alley, restaurant, smokehouse, two pools, a fitness center and an art loft. Palmetto Bluff is also home to the newly expanded AAA Five Diamond
Montage Palmetto Bluff with fantastic golf, spa, canoe club, and culinary offerings — all surrounded by 32 miles of riverfront and extensive nature trails.
Palmetto Bluff is currently home to 466 families, with the long-term plan of developing another 3,500 homes.
Photo courtesy Crescent Communities