Any furniture, appliances or decorator ready items depicted herein are shown for artistic and illustrative purposes only and are not included in the purchase and sale of the residence. Phone: (843) 768-3428 Email: [emailprotected], 1 Kiawah Island Parkway Kiawah Island, SC 29455. In such page, we additionally have number of images out there. The company has over $1 billion of assets under management. The bones of The Cliffs are unlike any other weve ever seen in terms of the quality of construction and development of the golf courses and other amenities, Randolph said. . Access is by boat only to this little island of perfection, scrubbed clean twice daily by Mother Nature. Select Accept to consent or Reject to decline non-essential cookies for this use. Charlotte, NC and Charleston, SC July 27, 2022 South Street Partners(South Street) a leading private equity real estate investment firm headquartered out of Charlotte, NC and Charleston, SC, announced the final close of SSP GP Fund I(the Fund) yesterday. In November 2020, the Kiawah Island Club launched a new employee initiative,Kiawah in the Communityunder the Advance Kiawah umbrellaa program designed to engage their employees in volunteer opportunities in an effort to serve the greater Sea Islands community in a more targeted and effective way than previous employee volunteer programs. The service, amenities and experience we offer need to be just world class. CHARLESTON, SC 29403. From our perspective, the genuine opportunity was to breathe new life into The Cliffs, similar to what we did at Kiawah. Ultimately, Advance Kiawah has put forward a four-part initiative based on four foundational pillars: Staff and Culture (creating greater opportunities for employment for people of color, a speaker series program and changing golf, hospitality and culinary internship programs to focus on recruiting from HBCU's in the hope of fostering diverse talent within the organization at every level), Home Ownership (aiming to attract a more diverse homeowner and club member demographic to Kiawah), Supplier Diversity (expansion of supplier and vendor relationships to include more Black-owned businesses and institutions while helping to equip and educate these vendors on how to do business on Kiawah), Community Outreach (connecting Kiawah Island with the greater Lowcountry community focusing on outreach, service, and philanthropy). South Street Partners plans to turn the nearly 900-acre Orange Hill tract into an 18-hole golf course community with homes. He currently serves on the Medical University of South Carolinas Childrens Hospital Advisory Board, The First Tee of Greater Charlestons Board of Advisors, and the Charleston Regional Development Alliance Board of Directors. Jordan received a bachelors degree in Economics from the University of North Carolina at Chapel Hill. As a former fund-less sponsor raising capital on a deal-by-deal basis, reaching the closing of our inaugural U.S. discretionary commingled fund is a major achievement, said Chris Randolph, Partner. Most of this experience has been with Kiawah Partners involving projects on Kiawah Island and Cassique in South Carolina. South Street Partners, a Charlotte and Charleston-headquartered developer and operator of luxury residential private club communities, today announced the acquisition of The Cliffs - a collection of seven private luxury mountain and lake club communities in the western Carolina mountains. In May 2013, Kiawah Partners was sold to South Street Partners who retained all of the development staff and have kept the original Kiawah Partners vision intact. Its not just Monday through Friday 9-to-5. He served a six-year term on The First Tee of Greater Charleston Board of Trustees (including two years as Board President) and served as Co-Chair of the Friends of the Muni which raised money to renovate the Charleston Municipal Golf Course. His experience includes coordinating the necessary design professionals, legal, and other service providers in securing government approval at all levels . South Street has really made a push into offering turnkey homes at its properties. A native South Carolinian, Amy has returned to her roots after 17 years in Colorado. Most of our neighbors feel the same way. We knew if we had the right management, the right team in place, and the right programming, meaning more family-centric amenities and activities, we knew that would be meaningful to the existing owners as well as future buyers.. Two of the four partners, Patrick Melton and Jordan Phillips, worked for Arizona-based Discovery Land Company, a developer and operator of luxury private residential communities and golf resorts, in 2008 when the real estate market started to collapse. 2023 www.greenvilleonline.com. About South Street Partners South Street Partners is a private equity real estate investment firm headquartered in Charlotte, NC and Charleston, SC whose subsidiaries include Kiawah. At the clubs Cassique Boathouse, access is provided to a variety of water equipment to explore surrounding creeks and marshlands. We listened to existing property owners with open ears, and I credit three factors for our initial success on one of Americas most famous barrier islands, continued Randolph. Prior to Fifth Third Securities, Henry worked for Challenger Capital Group, a Dallas, Texas, based boutique investment bank focused on middle market mergers and acquisitions. Chris graduated from the University of North Carolina at Chapel Hill with a bachelors degree in American History. Shortly after closing, we hired Rob Duckett as president of The Cliffs to oversee a new era focused on providing exceptional service and hands-on management from the top down. That separate company, now known as Kiawah Island Golf Resort, opened in 2004, The Sanctuary, a luxury oceanfront hotel, featuring 255 rooms as well as dining, conference, and recreation facilities, including a spa, fitness center, and indoor and outdoor pools. South Street Partners is a private equity real estate investment firm headquartered in Charlotte, NC and Charleston, SC whosesubsidiaries include Kiawah Partners, Kiawah Island Club & Real Estate and The Cliffs, as well asSoutheast Land Management, one of thelargest privately-owned land portfolios in the Southeast. Prior to joining South Street, Amy served as Vice President of Marketing for The Cliffs as well as Chief Marketing Officer for Timbers Resorts, where she managed the resort hospitality and real estate marketing for their portfolio across the globe. They just did a very good job of keeping this place as a best-in-class type of asset. Vice President of Homebuilding & Operations. The program has expanded to Keowee Springs and will soon launch at other communities offer a range of options, from turnkey cottages clustered around amenities to higher-end spec homes with various floor plans and interior packages. The Charlotte and Charleston-based real estate investment, management and development company owns The Cliffs, seven golf and residential communities that dot northern Greenville and Pickens counties, the shores of Lake Keowee and the mountains just minutes away from Asheville. in Finance, summa cum laude, from Virginia Tech in Blacksburg, Virginia. If you look at our home building activity, we are now the largest home builder at Kiawah and the largest home builder at the Cliffs. Melton, Phillips, Randolph, and Culp all attended the University of North Carolina Chapel Hill, although not at the same time. Will began his career with Inter-Asia Venture Management in Hong Kong, China. Multifaceted Initiative to Chart More Diverse, Equitable and Inclusive Future for Kiawah Island. Chrome Extension. We designed it, built it and did the interiors, all the way down to the forks and knives in the drawers. Dan Whalen President & Broker in Charge Phone: (843) 768-3428 Email: dwhalen@kiawah.com Address 1 Kiawah Island Parkway Kiawah Island, SC 29455 It will include a short course and a practice facility for members. Chris Randolph Partner. Patrick J O'Brien In March, South Street Partners bought The. The island accommodates more than 400,000 visitors annually. Henry graduated from Southern Methodist University with a bachelors degree in Business from the Cox School of Business. "Residences at Salamander is a low-density, protected community in a beautiful, natural setting with a temperate climate," said Chris Randolph, a partner at South Street Partners. We will be updating our website over time to implement the relevant portions of the World Wide Web Consortiums Web Content Accessibility Guidelines 2.0 Level AA (WCAG 2.0 AA), which will also bring our website into further conformance with the Section 508 Web Accessibility Standards developed by the United States Access Board (Section 508). They created an external and internal committee made up of property owners, club members, and staff to take a deeper look - and they interviewed homeowners - all in an effort to develop goals, and a plan to accomplish them, for Advance Kiawah. ACROSS THE SOUTHEAST OF AMERICA: South Street Partners is quickly becoming a powerful force in the golf and private club marketplace. There are various methods for calculating the total square footage of a residence and the quoted square footage of a unit may vary. Rob is a veteran of the United States Air Force and graduated from St. Josephs College with a bachelors degree in business administration. When you talk about giving the architects the best land, how much of that is member/customer-driven, and how much of that might be attributed to the average golfers growing understanding of what a good golf experience entails? On September 8, South Street Partners joined MUSC to break ground on the long-awaited Sea Island Medical Pavilion. As the partners surmised, there was plenty of opportunity in the Southeast. Chris Randolph - Randolph is a Partner with South Street Partners, the largest developer of vacation home communities in the state including the Cliffs Communities in the Upstate and Kiawah Island in the Lowcountry. The company has over $1 billion of assets under management including hospitality, residential and commercial real estate investments. Most recently, Chris was a Director with Heritage Golf Group, a boutique owner and operator of private and daily fee golf clubs throughout the Southeast. Chris Randolph spoke with The New York Times on South Street Partners investment plans and future development. The economy and markets are "under surveillance". The Fund will seek to generate attractive risk-adjusted returns for its limited partners by: The current environment and demographic trends in our markets of focus create significant opportunities for the Funds investment strategy, said Patrick Melton, Co-Founder and Managing Partner of South Street. "Our families all thought we were a little crazy," smiled Chris Randolph, partner at South Street Partners who joined the firm shortly after it launched and also a Tarheel alum. After acquiring Kiawah Island Real Estate in 2013, around-the-clock medical care was a clear need for the community, with the closest hospital an hour away. For more information, please visit PalmettoBluff.com. Home; Products. As we enter into whatever this recessionary whether its deep, shallow, long or short environment, were going to be very conscious of what that means for our buyers. South Street Partners started looking at The Cliffs in 2010. , Patrick Melton, our managing partner of South Street, was interviewed by Charleston Business Magazine for their cover article,Living Large. Here Are Four Ways to Spot Greenwashing, The White House Is Considering Broad Actions to ExpandTenant Protections, The School Board Queen Endorsed by Florida Governor Ron DeSantis, The School Board Queen: How a Florida Mom Is Shaking Up US Education, Ryan Salame Invested Big In ASmall Town, Now Its Tangled Up In FTXs Fallout(Podcast), Fight to Regulate Crypto atCrossroads as Ripple Ruling Looms. The following conversation has been condensed and edited. We worked through the holidays crunching the numbers and quickly realized how compelling the opportunity truly was.. All in all, it was a special safe place to be during an otherwise scary time, Randolph said. Scott earned his M.B.A. from UNCs Kenan-Flagler Business School in Chapel Hill, North Carolina and holds a B.S. All rights reserved. Prior to joining Discovery, he worked for Inter-Asia Venture Management in Hong Kong, China. We think the golf consumer has gotten far more sophisticated in terms of what they expect. All conditions and descriptions of amenities and facilities are subject to the Developers continuing quality improvement programs. Please be aware that our efforts are ongoing. During this time, Terrabrook was the largest owner and developer of master planned communities in the country. Our goal is to provide an accessible and barrier-free environment for our website, online services and other technology. Prior to SECU Crystal Coast Hospice House, Bennette worked in the hospitality space providing office management and bookkeeping services. Our goal is to provide an accessible and barrier-free environment for our website, online services and other technology. Our families all thought we were a little crazy, smiled Chris Randolph, partner at South Street Partners who joined the firm shortly after it launched and also a Tarheel alum. Learn more at AdvanceKiawah.com. Get in touch Charlotte 2820 Swelwyn AvenueSuite 500Charlotte, NC 28209Phone: 704-334-3212 Kiawah Island 345 Freshfields DriveSuite 210Kiawah Island, SC 29455Phone: 843-768-9111 Charleston 701 East Bay StreetSuite 518Charleston, SC 29403Phone: 843-656-9442 Greenville 3851 SC-11Travelers Rest, SC 29690 Phone: 864-365-0700 our inaugural US discretionary commingled fund is a major achievement," said Chris Randolph, a partner at South Street Partners. Kiawah in the Community also hosted a fundraiser which raised over $100,000 for theBarrier Islands Free Medical Clinicwhich provides free health care for low income, uninsured adults who live or work on Johns, James and Wadmalaw Islands or Folly Beach. Bennette graduated from East Carolina University with a bachelors degree in fine arts. That money was focused more on the Northeast and what they call the 24/7 coastal cities, said Chris Randolph, who joined South Street as a partner shortly after its founding. He was most recently a Senior Associate at Brookfield in New York where he focused on the asset management of debt and REO investments. Chris Randolph of South Street Partners - the new owners of The Cliffs communities - remembers thinking that after the group acquired Kiawah Partners in 2013 and were determining what to do with a large centrally located piece of land on Kiawah Island, which already had half a dozen notable courses. LinkedIn and 3rd parties use essential and non-essential cookies to provide, secure, analyze and improve our Services, and (except on the iOS app) to show you relevant ads (including professional and job ads) on and off LinkedIn. Philip graduated from the University of Georgia with a bachelors degree in Finance and Real Estate. These projects include several golf courses, beach clubs, golf clubhouses, a marina, and other residential and recreational facilities along with real estate subdivisions. from 8 AM - 9 PM ET. Rays other notable works include the Doonbeg Lodge & Golf Club, County Clare, Ireland and Christophe Harbour, St. Kitts, West Indies. . Investor Relations Manager + Accountant Southeast Land Management. During his tenure there, Jordan had direct involvement in all areas of the companys operation which led to lengthy stints in The Bahamas, Mexico, and Scottsdale, Arizona. As the largest remaining entitled waterfront property on the East Coast, with proper planning, the opportunity for success is profound, stated Randolph. CHARLESTON, SC 29403. Patricks focus was acquisitions, finance, project management, and operations oversight across the entire portfolio of communities. In our space, a lot of money is made on the buy, so if you can get at the right point in the cycle and start a company at the bottom of the market instead of the top of one, thats a step in the right direction, Melton said. Copyright 2023 Arounddeal Holdings Limited. Bennette assists with day-to-day asset management responsibilities for South Street Partners land holdings. Mr. Randolph spoke about his firms investment plans and residential golf developments. Well continue to build the clustered neighborhoods around those amenities. ", "We know authentic change doesn't happen overnight,"said Jordan Phillips, partner at South Street Partners. Chris Randolph - Randolph is a Partner with South Street Partners, the largest developer of vacation home communities in the state including the Cliffs Communities in the Upstate and Kiawah Island in the Lowcountry. Has anything changed about how South Street views residential golf communities? Randolph previously served on the Board of Visitors of MUSC Health and currently serves on the Advisory Board of MUSC Children . While navigating the industrys ups and downs, Chris Randolph of South Street Partners says his firm has learned that you cant rinse and repeat.. We all had a familiarity with each other, so it all made sense, Melton said. South Street Partners also started a new homebuilding program, Cliffs Builders, with its first development at The Cliffs at Walnut Cove. https://lnkd.in/eDjV9rMD, South Street Announces Final Closing of $225 Million SSP GP Fund I. Raising this fund through the pandemic certainly created challenges but we are honored by the outsized investor demand the fund received, which we believe is not only related to compelling opportunities that we are seeing but also the reputation and track record weve built over the past 13 years.. Founded in 2009, South Street has deployed over $500 million of equity across resort, residential and commercial properties and has over $1.3 billion of assets under management. Vice President & Head of Asset Management. The Cliffs at Walnut Cove in Arden, N.C., just outside Asheville. Economics from the Cox School of Business and knives in the hospitality space office. College with a bachelors degree in Business from the University of North Carolina Chapel Hill Times South. Future development of MUSC Health and currently serves on the Board of Visitors of MUSC Health and currently on... 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