Greenville-based Graycliff Capital Partners, LLC (Graycliff Capital), a leading developer/owner in the multi-family sector, is pleased to announce its newest multi-family development in coastal Georgia – Waterleaf at Salt Creek, located along US Highway 17 within the Berwick master-planned community in Savannah.
Construction is underway on the 252-unit, Class-A residential luxury apartment community. Pre-leasing is expected to begin in Spring 2023 with initial resident occupancy in late 2023.
“We are excited to bring luxury, multifamily living to Greater Savannah, one of the fastest-growing regions in the Southeast and the nation. We deemed the Berwick master-planned community an ideal area to develop a high-end, multi-family community because of its proximity to downtown Savannah, various waterfronts in both Georgia and South Carolina, Savannah-Hilton Head International Airport, and more. The property is convenient to I-95, making it an easy commute to major employers and recreation,” said Paul Aiesi, partner at Graycliff Capital. “Residents of Waterleaf at Salt Creek will find this community unmatched locally.”
Waterleaf at Salt Creek will feature 14 garden-style residential buildings with one-, two- and three-bedroom floor plans ranging in size from 833 square feet to 1,624 square feet. Several of the buildings, which vary in height from one to four stories, will be elevator served – a distinctive attribute that sets Waterleaf at Salt Creek apart from other communities in this market. The property will feature first-class amenities, including a sizable clubhouse, 24/7 community fitness center, and resort-style swimming pool with cabana, along with carwash and dog wash areas, thus appealing to a mix of retirees, growing families, students, and young professionals alike.
As part of a master-planned, mixed-use community, residents of Waterleaf at Salt Creek will have ready access to a Kroger-anchored retail center, as well as CVS, Starbucks, and a Wells Fargo bank branch – all within walking distance. The property’s location should be attractive to those working for the area’s top employers, including Gulfstream Aerospace, Savannah Chatham Board of Education, St. Joseph’s Candler Hospital System, and Fort Stewart/Hunter Army Airfield. Waterleaf at Salt Creek is also well positioned to serve the future employees of Hyundai Motors, which recently announced plans to build an electric vehicle assembly plant and adjacent EV battery factory near Savannah – the largest single economic development project in Georgia history – expected to employ more than 8,000 workers. Waterleaf at Salt Creek is just 10 minutes from historic downtown Savannah, and is close to Forsyth Park, Wormsloe historic site, and other tourist attractions.
Waterleaf at Salt Creek will be operated by Greenville (S.C.)-based NHE, Inc., which has significant regional operating experience in southern coastal markets.
Graycliff Capital in Southern Coastal Region
In addition to Waterleaf at Salt Creek, Graycliff’s recent and current Southern coastal developments include Waterleaf at Carolina Bays in Myrtle Beach, S.C.; Waterleaf at Murrells Inlet, S.C.; and Encore at Westgate Townhomes in Leland, N.C., near Wilmington. Graycliff continues to identify opportunities for new communities within the coastal Carolina markets, which are experiencing a significant in-migration population boom. The migration to the coast is driven by its moderate climate, diverse economy, and abundant lifestyle amenities – attracting both millennials and baby boomers alike to relocate.
About Graycliff Capital Partners, LLC
Headquartered in Greenville, S.C., Graycliff Capital Partners is a multi-family development and investment company with focus on the Southeast and Mid-Atlantic regions of the United States. Since its founding in 2010, Graycliff has acquired and developed 15,000 units, executing approximately $3.6 billion in transactions. Graycliff’s core strategy is based on investing in areas with established economic growth and high barriers to entry. Over the past decade, Graycliff’s geographic reach has extended beyond the Carolinas to other parts of the Southeast, including Tennessee. Graycliff’s portfolio also includes multi-family communities in the Mountain West, including Utah and Idaho. Graycliff is passionate about supporting local non-profits making positive impacts in their respective communities. For more information, visit www.graycliffcapital.com.