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Legend Oaks Golf and Tennis Club tees up for sale
For months, an unnamed 18-hole golf course near Charleston has been on the market through a Georgia-based real estate company.
Now, the name has finally been listed. As long suspected, it’s Legend Oaks Golf and Tennis Club in Summerville, according to a listing in Golf Business magazine.
“The plantation-style clubhouse is approached through an avenue of 300-year-old live oaks,” according to the listing.
It says the greens at the semi-private, Scott Pool-designed course were replaced in 2014, and the site at 118 Legend Oaks Way off S.C. Highway 61 boasts a pool and four hard-surface tennis courts.
The 161-acre property is owned by Legend Oaks Facilities LLC, which is registered to golf club managing partner Jim Chickarello.
Chickarello said the property was originally listed anonymously “to minimize the disruption and impact on the community.”
Legend Oaks has about 1,300 homes. Several other communities are being developed nearby.
“We think the growth potential in the next 10 years will be very, very solid,” he said of the surrounding neighborhoods.
“It’s out there, and it’s for sale, and with the right price and the right buyer, we will sell it,” Chickarello said. “We are open to a partnership as well. My goal is to back out of the day-to-day operation.”
The course was originally constructed in the 1970s and then went dormant for several years before reopening in 1994. Chickarello and his wife, Kathy, purchased it in 2006.
It’s undergone several recent upgrades.
Chickarello declined to disclose publicly the asking price and said of the deal, “There’s a good chance it might not occur.”
The property is listed with Hilda W. Allen Real Estate Inc. A confidentiality agreement is required to receive additional information.
New heights
Redevelopment of the State Ports Authority’s offices overlooking Charleston Harbor took a step forward recently with Charleston City Council’s approval of a rezoning request by property buyer Lowe Enterprises.
L.A.-based Lowe, which owns Wild Dunes Resort on the Isle of Palms, has not said what it plans to do with the peninsula property at 176 and 186 Concord St. Fleet Landing restaurant is on part of the property and will continue to operate at least until its lease expires in 2024. The office site is in part of the city where a hotel with up to 225 rooms could be built.
Lowe spokeswoman Hannah Nuccio said the company has met with and gathered feedback from city staff, historic and preservation groups, neighborhood associations and business leaders.
Currently, the property has a 50-25 height limit, which means any new building there must be between 25 and 50 feet tall. The proposed zoning would increase the height limit overall to 56 feet and would allow up to 25 percent of the building to reach as high as 70 feet. However, the developer would have to invest more on the street level — by creating retail space or other public spaces — to qualify for the additional height.
City Council is expected to give the rezoning final approval next month. Lowe reportedly has agreed to pay about $40 million for the 6.5-acre, waterfront SPA property. The sale is expected to close this fall.
Flying high
Charleston International Airport is soaring after picking up an exceptional inspection report from the FAA for the second consecutive year.
“A 100 percent score is significant for at least two reasons: It comes at a time of great upheaval due to the terminal redevelopment and because it demonstrates that CHS has an outstanding operations department,” said Paul Campbell, executive director and CEO of Charleston County Aviation Authority, which oversees the airport.
During the inspection, regulators examined airport records as well as training, operations and compliance with emergency, fire and rescue procedures. They also conducted airfield inspections to ensure that lighting, pavement markings and signage comply with safety regulations. In Charleston International’s case, special attention was given to safety during the Terminal Redevelopment and Improvement Program to renovate and expand the airport terminal, a $200 million overhaul that is winding down.
An exemplary inspection is no small fete, Campbell said.
“It takes a lot of time and effort to ensure that the airport is running safely and efficiently every day, not just when there is an inspection,” he said.
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