Monday, November 5, 2007

Oak Terrace Preserve

Friendly. Oak Terrace Preserve is a very friendly neighborhood, not just Earth-friendly, but just generally friendly feeling, maybe it's all the old trees or the sort of people who buy in this sort of neighborhood or all of the nice places to walk . . . I can't put my finger on it, but friendly pretty well sums it up!

"Just over a year ago, J.R. and Holly Kramer brought home a new son and they wanted a home to match their family lifestyle. Randomly, J.R. Kramer struck up a conversation at the 2005 Annual Sustainability Awards Event with Verdi Group architect/builder David Hill, who told Kramer he should consider Oak Terrace Preserve in North Charleston.

'We were one of the first to buy, and we were one of the first to move in,' said Kramer, who has lived in his Earth-friendly home since February with Holly and their 15-month old son, Elias. 'We like the sense of community and all the parks and the fact that it’s so easy to get around,' he said. ”

Oak Terrace Preserve is a unique development both for the fact that it is a neighborhood owned by the city of North Charleston and is a sustainable community smack dab in the middle of an urban core. After more than three years on the drawing board, families just began moving in this year.

As of mid-October, eight homes had sold, two sales were pending, 12 were for sale and another dozen were under construction, said Keith West, spokesman for The Noisette Co., which is acting as the development manager on behalf of the city. The neighborhood is located not far from the former Navy base that Noisette is hoping to redevelop into an urban
community.
Part of the company’s commitment to the area included creating a blueprint for redeveloping the Navy base and the 2,700 acres surrounding it, most of which is included in the historic Park Circle, the heart of old North Charleston.

A few miles from this development, the old North Park Village, the state’s largest public housing project, was torn down and recently replaced with a mixed-income community called Horizon Village.

'For a long time the values were declining in this part of town, but it has turned around,' said Art Titus, Noisette’s director of operations."

For the full Charleston Regional Business Journal article: http://www.charlestonbusiness.com/pub/13_22/news/10685-1.html

For the Oak Terrace Preserve website: http://www.oakterracepreservesc.com/

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