Crest Development Seeks Funding to Continue Lowcountry Community Development

Funding will help complete a multi-generational lifestyle community
Oct. 13, 2009 - PRLog -- (Columbus, OH) - Crest Development LLC is seeking to acquire $50 million in funds to complete the development of Harmony Township, a multi-generational, residential lifestyle community situated on a 779-acre site in the coastal community of Georgetown, SC.

The development, designed by prominent planning firm Duany Plater-Zyrbek & Company, features six unique neighborhoods zoned for 1,710 units. The development will also feature a traditional village center as well as new amenities for entertainment and athletics.

“Harmony Township represents a unique opportunity in new urbanism in that it provides mixed usage for land where businesses and residential homes co-exist to create a live, work, play environment,” said Geoffrey Evancic, CEO of Crest Development.

“Our team will utilize its seventy five years of management experience within the residential and commercial development industry to help rejuvenate this pedestrian-friendly community that merges convenience with privacy in an old-fashioned, lowcountry setting. This will create one of the best destination locations along the coast of South Carolina,” said Evancic.

Crest Development has started to finalize all project documentation, team development, market research, due diligence, and presentation material to place the development in a more advantageous market position to reposition the site and gain final phase funding.

Crest Development is a seasoned development company located in the metropolitan Boston, MA region. Crest Development is a real estate developer whose management team has emphasized building class “A” multifamily, residential, retail and commercial developments primarily on the east coast from South Carolina to Maine.
Source:FBS Corp
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Tags:Business Plans, Funding, Investment, Financing
Industry:Business, Finance
Location:Ohio - United States
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