Justin and Hailey Bieber’s wedding venue in South Carolina made history in real estate



Justin and Hailey Bieber (née Baldwin) were first married at a New York City courthouse in 2019. Their second wedding – a flamboyant and celebrity-filled main event reportedly costing $ 500,000 – took place in South Carolina. Palmetto Bluff Montage Hotel… The wedding venue caught everyone’s attention in 2019 and is a favorite of celebrities; Angie Harmon owns a home in the community; and No. 1 overall NFL draft pick Trevor Lawrence tied the knot at the Bluffton, South Carolina resort in April. Moreover, Forbes named the resort one of five luxury resorts that could save your marriage in 2018.

Now 20,000 acres Palmetto Bluff Development makes headlines for a different reason. South street partners, one of the largest community developers in the southeast, and London-based private equity firm Henderson Park Capital Partners acquired the property earlier this month in the largest deal in South Carolina history, according to public records.

Surrounded by 32 miles of waterfront and located between Hilton Head, South Carolina and Savannah, Georgia, Palmetto Bluff is one of the largest waterfront hotels on the East Coast.

Nick Weber, Founding Partner of Henderson Park, says Palmetto Bluff is an outstanding resort and residential area set in a unique landscape that will benefit from the continued resilience of the premium leisure sector and South Carolina’s long-term appeal. …

“The resort offers great potential for further expansion and we are delighted to team up with South Street as operational partners to create a truly exceptional luxury community for residents, guests and members,” adds Weber.

Patrick Melton, managing partner at South Street Partners, says the joint venture is a generational purchase that aligns perfectly with the firm’s other assets.

“Palmetto Bluff is high quality, best-in-class properties that fit seamlessly into our portfolio. Synergy is everywhere, ”says Melton.

Palmetto Bluff is located in the province of South Carolina. The complex offers over 22 miles of trails to explore and discover, allowing outdoor adventurers to bicycling, jogging, hiking or horseback riding. In addition, the hotel has an extensive nature reserve and two picturesque village centers with southern-style shops and restaurants.

Water sports enthusiasts can go canoeing or kayaking, swim in the May River, enjoy the coastal harbor, or start at Jack Nicklaus signature course, which runs through the territory and along the banks of the river.

Palmetto Bluff is home to several sports clubs and has an inland waterway system that curves around the coast to allow you to go fishing ashore or go on coastal adventures in deeper waters.

In addition to resort options, the complex has a variety of residential neighborhoods ranging from multi-million dollar family complexes to traditional private plots and single-family homes. What’s on the market? So, 153 Hunting Lodge Road is listed for sale for $ 1.5 million and includes four bedrooms and four bathrooms and an area of ​​3,465 square feet, and 32 Gilded St. has 4,787 square feet and is up for sale for $ 3.4 million with five bedrooms and five bathrooms. Also on the market is Old Palmetto Bluff Road, 401, a five-bedroom, four-bathroom, 7,708-square-foot for $ 5.9 million. For more listings visit Palmetto Bluff.… In June 2021, 18 real estate options were available, including: five lots offered by Palmetto Bluff Real Estate; five resale houses, plots for sale by current owners; and eight private houses for sale. The demand for housing is growing rapidly. The current available inventory is 1.4 percent. In June 2020, there were 107 building, resale and residential plots available.

W. Brian Byrne, broker in charge of Palmetto Bluff Real Estate, says: “As part of the original launch team for Palmetto Bluff, I have been involved in over $ 1 billion in real estate deals at Palmetto Bluff, and it’s really interesting that South Street Partners is active in bringing new inventory to the market with a focus on environmental protection. “

South Street Partners and Henderson Park plan to add a second golf club and build Anson Village, which will provide access to large waterfront space and southern Intercoastal Waterway.


Source link