Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ATLANTA-Toll Brothers Inc., a 35-year-old national developer based in Huntingdon Valley, PA, has entered the South Carolina shelter market in a big way with the development of Hampton Hall, an estimated $1 billion, 1,000-acre, 935-unit golf course country club community, located 25 minutes from Hilton Head Island.

Hampton Hall will have town homes, condos and single-family residences priced from $350,000 to $600,000. The site is along Buckwalter Parkway, just off Hilton Head in Bluffton, SC, Beaufort County.

Toll is joint venturing the project with Hilton Head-based BHR Investments Inc. whose principals, John Reed, Gary Rowe and Tom Zinn, have 45 years of combined experience in the Hilton Head luxury home development market, according to a prepared statement from Toll chairman/CEO Robert I. Toll.

“As the baby boomers continue to mature and demand for empty nester homes and second homes grows, we believe these inter-related markets and communities such as Hampton Hall, offer tremendous growth opportunities for Toll Brothers in the future,” Toll says in the statement.

He says the empty-nester market, which Toll has focused on since the early 1990s, represents over 30% of the company’s business.

Robert Toll couldn’t be reached at GlobeSt.com’s publication deadline. But in his statement, he says Hampton Hall is being financed with an undisclosed loan from National Bank of South Carolina to Buckwalter JV LLC, the joint venture formed to develop the gated community.

Construction plans call for an 18-hole Pete Dye championship golf course, two clubhouses, indoor and outdoor swimming pools, six miles of walking trails, eight tennis courts and a 17,000-sf activity center.

Toll, which operates in 22 states, plans to buy at least 180 of the 935 home sites from the partnership over the next four years at an undisclosed sum to develop its own multiple product home lines. The partnership will sell the remaining 755 lots to individuals and other homebuilders beginning in early 2003.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.