Since the advent of the hybrid workplace, the home office movement has taken hold and changed the way that many contractors, corporate workers, entrepreneurs, and small business owners get work done. While working remotely certainly has its benefits, many professionals are beginning to find that spending 40 hours or more a week in a home office isn't the best choice. According to the INAA, working remotely can blur the line between professional working environments and a person's personal life.
As it turns out, having a dedicated, safe space to work privately or collaborate with others can boost efficiency and increase morale. Working in an office environment with readily-available resources like printers and meeting rooms makes accomplishing tasks and making progress much more manageable. For business owners and startups, the prospect of being unproductive at home just won't cut it.
That's where The Runway's co-working space comes into play.
A new take on the modern-day office, co-working spaces give individuals, entrepreneurs, startups, and business owners access to private desks, office resources, inclusive amenities, and exclusive perks. Imagine a purpose-built space filled with hardworking professionals, all employed by different organizations with different goals and tasks. The building has many different rooms, from communal areas with shared workspaces to large, private offices with frosted glass. Here, workers from every background can network with like-minded colleagues while having a dedicated place to work and collaborate.
From exciting startups owners working seven days a week to individuals needing a quiet place to do research, co-working office spaces offer help provide:
If you're looking for an affordable office space for rent in Kiawah Island, SC, a co-working space might be the perfect solution. But with more than 17,000 co-working spaces around the globe, what makes The Runway so special?
Business Center with Scanning and Printing
Secure, 24/7 Access to Your Co-Working Space
Access to Onsite Networking Events
Friendly and Productive Atmosphere
When you rent with The Runway, you'll enjoy modern workspaces, shared and private desks, and private office options. Plus, with access to our fully-stocked Pilot's lounge and even a business address, you'll be set up for success on day one.
Whether you're looking for a co-working space for your new startup or you simply need a one room office space for rent in Kiawah Island, SC, we have all the amenities you'd expect and more. Our goal is to provide our clients with a professional atmosphere where business-minded individuals and teams can work independently while still being a part of something bigger. It all starts by choosing the best office space rental options for your business needs.
At The Runway, we offer a wide variety of rental options to best suit your needs, whether you're looking for a quick day pass for a few hours of work or you need a frequent monthly commitment. Plans at The Runway include the following:
Don't need to spend much time at The Runway? With our day pass, you can enjoy access at any time of day to our state-of-the-art lobby, conference room with frosted privacy glass, and convenient business center with printing and scanning. Relax in our fully-stocked Pilot's Lounge or get straight to work at the high tops.
Sometimes you need a clean, impressive meeting room for those big clients, but you don't want to sign a monthly contract. We get it! Our meeting room rental options are fully equipped for modern meetings with plenty of seating, privacy glass, high-speed internet, natural light, flat-screen TVs, and more. This option allows you to impress your business partners or guests without breaking the bank.
Our hot-desk options are perfect for individuals who may only need to use our co-working space a few times a week. Members can choose from a part-time hot desk with three days per week access or a full-time hot desk with five days per week access. Unlike our day passes, our hot desk rental options include access to the Pilot's Lounge and Conference Room.
Renters can also enjoy access to our state-of-the-art lobby any time of day, conference room with frosted privacy glass, and convenient business center with printing and scanning. When it's time to take a break, relax in our fully-stocked Pilot's Lounge before you get back to work. If you're looking for an office space for entrepreneurs in Kiawah Island, SC, this option is a great choice.
If having a private desk to yourself is non-negotiable, The Runway has plenty of options for you to consider. Our private desks are an affordable solution for anyone who wants a budget-friendly option and requires a private space. When you rent one of our private desks, you'll get more perks than our day pass options, like a business address, mail service, conference room access, and access to the fully stocked Pilot's Lounge. It's all included in your monthly rate!
Whether you're working on a top-secret digital marketing campaign or you're just an introverted professional, our private office rentals are for you. In fact, many workers use 3300 W Montague Ave as their business address. When you rent a private office on a monthly basis, you'll enjoy a fully-furnished executive office with janitorial and valet trash services, 24/7 access to both our facility and an online Co-working Hub, and invitations to exclusive networking events. If you're looking for an alternative to the premium pricing found in most office parks and corporate centers, consider this option.
If you're like many of our clients at The Runway, you're probably wondering, "Why should I choose a co-working space in Kiawah Island, SC, near me instead of a traditional office space?"
The truth is co-working spaces with flexible workplace options have drastically changed the way professionals work. Over the last few years, more self-employed business owners and companies have taken advantage of the savings and convenience co-working spaces offer. In the past, the only options on the table were limited by nature, at rates that seemed ridiculous, even for major companies.
On the other hand, co-working spaces offer professionals the chance to move right away to a fully-functioning, comfortable workspace in a business-centric part of town. Unlike traditional office space rentals, The Runway provides you with everything you need to be successful and grow your business, whether you're a sole proprietor or have several employees.
With a properly equipped co-working space, you can focus on accomplishing your goals and finishing your day-to-day tasks without the headaches of moving into and maintaining an expensive office. Co-working spaces offered by The Runway provide:
On the other hand, traditional office spaces often feature:
With the growing popularity of office rooms for rent in Kiawah Island, SC, many types of businesses and people are inhabiting these spaces, from popular companies to self-starters and everyone in between. Here is a quick glance at some of the most common professionals using The Runway's co-working office space.
Yes, you read that correctly. Remote work is often associated with Zoom calls and home offices, but remote employees can benefit greatly from co-working offices. Most remotely-employed workers enjoy having more freedom but want to use it responsibly. They choose co-working spaces because, unlike working from home, they benefit from socialization, structure, and the ability to brainstorm with others.
As is the case with remote workers, freelancing doesn't inherently mean you have a dedicated workspace or home office. Since having a home office isn't always a guarantee, we find that many freelancers flourish at The Runway. Even freelancers who have home offices often prefer to work in a more structured environment to reduce distractions and downtime. For hardworking freelancers, co-working spaces present an opportunity for more productivity and career progress. When you add access to client meeting rooms, printers, scanners, free Wi-Fi, and even a business mailing address, co-working offices are often no-brainers for freelancers.
Especially in the early stages of growth, entrepreneurs need a dedicated, productive space to grow their business and determine the next steps to success. Depending on the industry, entrepreneurial work can quickly clutter your personal space, both physically at home and mentally, in your head. That's often the first reason why entrepreneurs flock to co-working spaces â they're away from home, where they're more inclined to relax and be unproductive. Whether you're looking for a private office or simply a desk where you can work away from home, The Runway is the solution you need.
A co-working space for startups in Kiawah Island, SC, is a great idea because it provides a central location for full-time work, office meetings, and more. Startups are often defined by a team's ability to come together, brainstorm, produce a product, and fill a need. With The Runway's co-working office for startups, you can do exactly that.
Plus, having a co-working office space for a startup team saves money. If you've ever had the chance to grow a company from the ground up, you know first-hand how important budgets are for your business. When you rent from The Runway, you won't have to worry about expenses like management fees, insurance, power, internet, reinstatement fees, and other overhead costs.
If you own or manage a small to mid-size business, you know how expensive office space is in Kiawah Island. As is the case with startups, many businesses use The Runway's private meeting rooms and offices to conduct business at a fraction of the cost of a traditional office. Plus, they use the space to connect with other businesses, professionals, and freelancers who often become valuable resources. As an added bonus, co-working spaces like those at The Runway have been shown to boost morale and provide a sense of camaraderie, collaboration, and community.
Co-working and shared workspaces from The Runway are cost-effective, convenient, and full of value for hardworking people looking to get ahead. Though co-working offices have grown in popularity, with approximately 24,000 locations globally, they're still a mystery to many. If you still have questions, we invite you to contact our office today to learn more about The Runway. Until we speak, here are just a few of the most frequently asked questions we encounter.
Q. Do co-working spaces actually work? My friend uses a desk from The Runway and swears by it, but I'm not convinced.
A. The short answer to this question is a resounding "Yes!" Thousands of people use co-working offices as a reliable way to stay productive and professional. In fact, research from Harvard Business Review states that surveyed workers benefit from more motivation, higher productivity, and more valuable social interactions.
Q. What does The Runway's co-working space offer?
A. The Runway is a co-working office space and community that offers clients a modern, purpose-built place to work and succeed. Depending on their needs, members enjoy many options and perks, including:
Q. What is the point of co-working spaces?
A. Co-working spaces like The Runway give professionals a chance to work in a professional setting without the overhead costs and headaches of a traditional office. Whether solo or in a team, The Runway offers diverse groups of workers the opportunity to thrive professionally while connecting with others.
At The Runway, we're passionate about empowering risk-takers, dreamers, and businesspeople of all backgrounds with affordable office space for rent in Kiawah Island, SC. Whether you're just starting a new venture or you're a veteran freelancer, The Runway is where your business can take off. Contact our office today to reserve your co-working space or to learn more about our day passes and monthly options.
Charleston, June 13, 2023 (GLOBE NEWSWIRE) -- Charleston, South Carolina -Selling Kiawah is a leading real estate agent for luxury properties set in the pristine natural beauty of South Carolina.Many dream of living an idyllic life on ocean fronts framed with spectacular landscape views in natural surroundings. Some of the best coastal towns and areas in the U.S. are located in South Carolina, offering a luxurious and sedate lifestyle with plenty of options for recreational activities. Surrounded by pristine natural la...
Charleston, June 13, 2023 (GLOBE NEWSWIRE) -- Charleston, South Carolina -
Selling Kiawah is a leading real estate agent for luxury properties set in the pristine natural beauty of South Carolina.
Many dream of living an idyllic life on ocean fronts framed with spectacular landscape views in natural surroundings. Some of the best coastal towns and areas in the U.S. are located in South Carolina, offering a luxurious and sedate lifestyle with plenty of options for recreational activities. Surrounded by pristine natural landscapes, luxurious island homes on Kiawah Island seem like paradise.
Selling Kiawah is the leading provider of luxury properties in these sought-after coastal destinations of South Carolina. The company has a stunning collection of exclusive Kiawah Island Real Estate offerings nestled along the picturesque shores of the coastline. Homes are available on Kiawah Island, Johns Island, Isle of Palms, Seabrook Island, and Sullivan’s Island—renowned for their unparalleled beauty, world-class facilities, and exceptional quality of life. An added attraction of Lowcountry life is its proximity to the enchanting historical Charleston city and five championship golf courses designed by leading architects.
The agency’s portfolio of extraordinary properties can meet the desires of any discerning buyer. Whether seeking a spacious oceanfront estate, a charming cottage surrounded by lush greenery, an appealing apartment, or a contemporary villa with sweeping views, there is an option to suit every budget, taste, and preference.
The available properties feature impeccable craftsmanship, timeless architectural designs, and the finest amenities to ensure a life of comfort and indulgence. From gourmet kitchens equipped with state-of-the-art appliances to elegant master suites with private balconies, every detail has been meticulously planned to provide the ultimate luxury living.
For more information, visit https://www.sellingkiawah.com/
is the premier provider of luxury properties on the islands of South Carolina’s shoreline, including Kiawah, Johns, Seabrook, Isle of Palms, and Sullivan’s Islands. With a commitment to exceptional quality and service, Selling Kiawah offers an unparalleled collection of oceanfront properties, charming cottages, lovely apartments, and contemporary villas designed to exceed the expectations of even the most discerning buyers. The properties are available for sale in various sizes and budgets to suit the needs and preferences of every client.
Have you ever dreamed of rolling out of bed to watch the sun rise over the ocean waves? Do you find that a week at the beach is too short? If you love to spend your days searching for sea shells, watching for marine wildlife, or simply walking in the sand, you may have thought about purchasing a second home that would let you enjoy the ocean any time you please. In fact, some of the beaches in ...
Have you ever dreamed of rolling out of bed to watch the sun rise over the ocean waves? Do you find that a week at the beach is too short? If you love to spend your days searching for sea shells, watching for marine wildlife, or simply walking in the sand, you may have thought about purchasing a second home that would let you enjoy the ocean any time you please. In fact, some of the beaches in South Carolina are among some of the most popular in the entire country.
Each year, thousands of visitors flock to Myrtle Beach, Hilton Head Island, and other beachside towns in South Carolina and its neighboring states of Georgia and North Carolina. Yet if you have ever considered purchasing a beach house, you know that oceanfront property does not come cheap. This article covers five of the most popular and most expensive beaches in South Carolina. You will discover basic facts about each place and the key numbers that prove that they are among the most expensive places to buy a beach house in the entire state. Let’s dive in now, starting with the most expensive beach community in South Carolina.
First on the list of most expensive beaches in South Carolina is the town of Sullivan’s Island. Sullivan’s Island is a barrier island close to Charleston Harbor. This 2.5-mile island has a small-town feel with gorgeous beaches, marshes, and plenty of history and culture for visitors to enjoy. Located only about 10 miles outside of downtown Charleston, you can reach Sullivan’s Island after a quick 20-minute drive. This beach town is a popular destination for families with young children and retirees alike and provides plenty of award-winning restaurants, watersports like kayaking and swimming, and historic landmarks.
The quiet, picturesque town gives residents and visitors a sense of rural peace while a population of only about 2,000 ensures that neighbors know each other. The majority of homes are owned, with fewer than 20% of residents renting their homes on Sullivan’s Island. However, purchasing a home here will come at a steep price tag.
In June 2023, the average home price in Sullivan’s Island was around $3 million – but in 2022 the majority of single-family homes in Sullivan’s Island sold for $3.8 million. Halfway through 2023, the year’s median was up to $4.7 million. In June 2023, one oceanfront home sold for an incredible $6.29 million, setting a record for the year. Back in November 2020, another oceanfront villa sold for a whopping $8.2 million! Not only is Sullivan’s Island the most expensive beach community in which to buy a house in South Carolina, but it is also one of the top most expensive in the country!
Next up is Kiawah Island, a beach in South Carolina called an “oasis of untouched natural beauty and renowned hospitality.” The town of Kiawah Island is located about 21 miles outside of Charleston. With 10 miles of beaches and diverse habitats – from sand dunes to forests and marshes – Kiawah Island is the place to find wildlife thriving. From sea turtles to alligators and whitetail deer and bobcats, Kiawah Island is a window into ocean ecosystems and land mammals alike. This resort island has world-renowned golf resorts, including the famous Kiawah Island Golf Resort which has hosted golfing championships.
This charming resort island has a regular calendar of events, a thriving restaurant and shopping scene, and plenty of opportunities for outdoor adventure. Buying a home on Kiawah Island, however, could be an adventure of its own. Most of the homes on Kiawah Island are rented out during the year to the numerous guests visiting the beaches. Homeowners can expect to pay steep homeowners association (HOA) fees, significant upfront costs, flood insurance, and more. However, the local market makes up for that with a lot of options. Do you want to live in a condo? Would you prefer to buy a house? Are you looking for a beachfront mansion? Whichever it is, Kiawah Island has it all.
In 2022, the median price of a single-family home was $2.7 million. The island saw an incredible $742 million in sales.
The town of Isle of Palms is located on the barrier island also called “Isle of Palms.” This residential and resort community with a population of just over 4,300. Take a 20-minute drive from Charleston, and you might end up walking the six miles of white, sandy beaches. Isle of Palms has many bike paths around the island, lots of recreation facilities and opportunities to enjoy every sport from tennis to softball. On the north end of the island, the Wild Dunes Resort commands 1,500 acres of land. There, you will find pools, tennis courts, and golf, as well as homes and vacation rentals.
Isle of Palms is often voted one of the best places to live in South Carolina since the town offers plenty of restaurants and activities and operates like a tiny city. This self-contained ecosystem has everything you will need to live or vacation in a beachside house.
However, purchasing a home on the Isle of Palms might not be easy. In 2022, the median home price for a single-family home was $1.98 million. Yet by June 2023, the median home price was already up to $2.15 million – and prices still seemed to be on the upswing.
Folly Beach is a town on Folly Island. In this beachfront city just south of Charleston, life revolves around the ocean. Whether biking the beachfront trails, kayaking, surfing, swimming, or boating, visitors flock to Folly Beach to enjoy the sun, surf, and sand. This 12-square-mile barrier island offers 6 miles of beaches and a quirky assortment of local businesses – from seafood restaurants to cafes and small shops.
Folly Beach is also steeped in history. From pirate legends to Civil War history, Folly Beach was historically the site of dastardly deeds and military occupation. Despite being abandoned after the Civil War and later being hit by devastating hurricanes, Folly Beach made an amazing comeback during the 20th century. Today, the boardwalk and the many local attractions bring thousands of visitors to the town that 2,400 residents call home.
In 2022, the median cost of a single-family home in Folly Beach was $1.66 million. Even a small two-bedroom bungalow could easily set you back $1.2 million.
Yet another Charleston-area beach town is Seabrook Island. This small, welcoming oceanfront community boasts of natural beauty, miles of pristine beaches, forest, and marshland. Seabrook Island is a private community on a gated barrier island. This means that Seabrook Island is exclusively accessible to residents and their guests. Privacy, peace, and nature attract members who want to enjoy the natural wonders away from crowded beaches.
Thanks to its exclusivity, Seabrook Island features many luxury homes, including those that look out at the ocean or feature river, marsh, forest, or golf course views. As a planned community, Seabrook Island’s designers sought to maintain the natural habitat, keep the local wildlife, and provide luxury real estate.
Unlike in other towns on this list, there is a unique process to become part of the Seabrook Island community. The Seabrook Island Real Estate team is your official source for buying and selling homes in Seabrook Island. You get the choice to buy a unique home or build your own, with the chance to surround yourself with incredible sights. The average home size on Seabrook Island is about 3,000 square feet. With 2,600 residential properties, you can choose from among 38 different mini-communities “within the community” – get a villa, cottage, or townhome.
In 2022, the median cost of a single-family home on Seabrook Island was $1.2 million. By June 2023, that cost had risen to $1.37 million.
The photo featured at the top of this post is © George A. Kenna/Shutterstock.com
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Kids may be returning to school, but there’s still plenty of summer left for a few rounds of golf in South Carolina.But where should you tee off to get the best bang for your buck?The Palmetto State isn’t hurting for golf courses. Myrtle Beach alone has more than 90 courses, most of which are public. How about letting ...
Kids may be returning to school, but there’s still plenty of summer left for a few rounds of golf in South Carolina.
But where should you tee off to get the best bang for your buck?
The popular monthly magazine has compiled its list of the 100 best public golf courses in the U.S. for 2023. This year, Golf Digest placed four South Carolina public golf courses on the list. However, only one course broke the top five, ranking third on the list this year.
Located on the eastern-most end of Kiawah Island, the Ocean Course has the most seaside hills in the Northern Hemisphere. The course was designed to give players an unobstructed view of the coastline from every hole.
The course can also be particularly challenging, due to strong winds from the Atlantic.
“Every hole is edged by sawgrass, every green has tricky slopes, every bunker merges into bordering sand dunes,” Golf Digest writes. “The Ocean Course will forever be linked with Phil Mickelson and his improbable victory at the 2021 PGA Championship.”
#27 Harbour Town Golf Links
This perennial favorite among PGA Tour players is located on Hilton Head Island. The course has undergone recent enhancements, such as new Celebration Bermuda grass for the fairways and a new irrigation system. Since 1969, it has been home to the RBC Heritage Presented by Boeing.
#51 May River Golf Club at Palmetto Bluff
This 18-hole Jack Nicklaus Signature Course in Bluffton is surrounded by century-old live oaks and scenic native landscapes. The 7,171-yard course includes several holes on the bank of the river.
“The classic routing has the front nine turning clockwise through forest while the back nine circles counter-clockwise, and each touch repeatedly on the wetlands of namesake May River,” Golf Digest wrote. “Gorgeous and mysterious at every turn, the course is at its best when it gets players thinking, like at the short par-4 seventh where they must decide to either lay up to an island of fairway or take a swipe at a shallow green situated on another small isthmus of land along the marsh.”
#71 The Dunes Golf & Beach Club
Built in the 1940s, the Dunes Golf and Beach Club dubs itself as the premier country club in Myrtle Beach. The 18-hole, oceanside course has been host to numerous high-end golf tournaments, from the PGA Senior Tour to the USGA Women’s Open.
This story was originally published August 11, 2023, 6:00 AM.
Almost any South Carolina resident or visitor has at some point been to or seen a beach along the state’s coast.The Palmetto State is known for many things, including its pristine, white sand beaches and quaint, beachfront towns.Although the state is accustomed to collecting accolades for its beauty and livability on a near-monthly basis, it brings awareness to South Carolina’s local communities, history and destinations.FamilyDest...
Almost any South Carolina resident or visitor has at some point been to or seen a beach along the state’s coast.
The Palmetto State is known for many things, including its pristine, white sand beaches and quaint, beachfront towns.
Although the state is accustomed to collecting accolades for its beauty and livability on a near-monthly basis, it brings awareness to South Carolina’s local communities, history and destinations.
Although the Palmetto State wasn’t featured in the list’s top 10, four of the state’s Lowcountry destinations made the list.
The first “secret” beach to make the list in South Carolina was Kiawah Island.
Kiawah Island was ranked as the 18th best “secret” beach in the country. The area has 10 miles of pristine beaches, untouched dunes, marshes and maritime forests, which were cited as prime reasons one may want to visit this “secret” beach. The area has an abundance of local flora and fauna that are unique to the area, so those who enjoy exploring the outdoors may find themselves going on several adventures there.
Kiawah Island has an abundance of wildlife to observe and remains at a slower pace for those looking to slow down their lifestyles.
“Kiawah Island remains relatively uncrowded, providing visitors with a sense of seclusion and tranquility that is hard to come by in more heavily populated areas. The island is home to a diverse array of wildlife, including alligators, bobcats, and a variety of bird species, making it a prime destination for nature lovers, as detailed by FamilyDestinationsGuide.com.
Next on the list, Harbor Island was ranked in 48th.
Harbour Island was described as a “stunning and secluded destination” as well as an area that offers visitors the opportunity to experience the Lowcountry’s beauty in a peaceful and unspoiled setting.
This destination is a 1,400-acre barrier island that is located 15 miles outside of Beaufort and throughout the year, visitors can spot over 200 species of birds roaming around the island.
Listed as the third South Carolina beach destination to make the list, Daufuskie Island placed 62nd.
Daufuskie Island “feels like a world away, with its lush vegetation, sandy beaches, and picturesque marshes providing a natural playground for outdoor enthusiasts,” detailed FamilyDestinationsGuide.com. “The island is steeped in history, with historic landmarks and ruins that provide a glimpse into its past as a thriving Gullah community.”
Visitors of Daufuskie Island can only get there by boat, ferry or water taxi and may explore the island on foot, by bike, by golf cart or on horseback.
Lastly, Edisto Island received 65th place on the list of the nation’s 100 best “secret” beaches. The area has much to do for those who prefer to spend their time exploring outdoors. The summer destination has Edisto Beach State Park, bike paths, fishing, kayaking opportunities, golfing, camping and more. The lush environment of Edisto Island also includes a significant amount of historical background to the area as well.
Whether you prefer to spend your days exploring or relaxing, this locale has ample possibilities to enjoy your time.
As for the top 10 secret beaches in the country, according to FamilyDestinationsGuide.com, they include:
Sarah Claire McDonald is a Service Journalism Reporter for The Island Packet and Beaufort Gazette. She specializes in writing audience-focused, unique, spotlight stories about people, places and occurrences in the Lowcountry. Originally from the Midwest, Sarah Claire studied news media, communications and English at the University of Alabama in Tuscaloosa, where she graduated in 2021.
Ziegler, a specialty investment bank, is pleased to announce the successful closing of Seafields at Kiawah Island's $212,930,000 Series 2023 bonds.CHICAGO, July 31, 2023 /PRNewswire-PRWeb/ -- Ziegler, a specialty investment bank, is pleased to announce the successful closing of Seafields at Kiawah Island's $212,930,000 Series 2023 bonds.Kiawah Life Plan Village, Inc. (KLPV) is a South Carolina nonprofit corporation that was formed on December 7, 2020, to develop, own, and operate a senior living community on approximately 8 acr...
Ziegler, a specialty investment bank, is pleased to announce the successful closing of Seafields at Kiawah Island's $212,930,000 Series 2023 bonds.
CHICAGO, July 31, 2023 /PRNewswire-PRWeb/ -- Ziegler, a specialty investment bank, is pleased to announce the successful closing of Seafields at Kiawah Island's $212,930,000 Series 2023 bonds.
Kiawah Life Plan Village, Inc. (KLPV) is a South Carolina nonprofit corporation that was formed on December 7, 2020, to develop, own, and operate a senior living community on approximately 8 acres in Kiawah Island, South Carolina to be known as Seafields at Kiawah Island ("Seafields" or the "Community"). The Community will be a licensed continuing care retirement community and is currently planned to consist of 90 independent living units and 16 assisted living units as well as common areas and amenities including full-service dining, bar, bistro, outdoor infinity pool, fitness center, yoga, salon, physical therapy, wellness center, theater and various multipurpose rooms. Seafields is located adjacent to Freshfields Village, which is an open-air pedestrian village with a variety of stores, dining, events and entertainment located at Kiawah Island.
KLPV will use the proceeds of the Series 2023 Bonds along with other available funds will be used to (1) finance and reimburse the costs of developing, marketing, acquiring, constructing and equipping a continuing care retirement community consisting of 90 independent living units, 16 assisted living units and associated common areas that will be located on an approximately 8.0 acre tract of land; (2) refund the outstanding Series 2021 Bond Anticipation Notes; (3) fund debt service reserve funds; (4) funded interest; (5) fund a portion of reserves; and; (6) pay the cost of issuance. The Series 2023 Bonds are fixed rate bonds and will be Issued through the South Carolina Jobs-Economic Development Authority. The Series 2023 Bonds consists of $87.125 million of long-term fixed rate bonds, and $125.805 million of Tax-exempt Mandatory Paydown Securities (TEMPSSM) and taxable mandatory paydown securities (TMPSSM), totaling $212.93 million (collectively, the "Series 2023 Bonds"). Additionally, an affiliate of the developer will purchase a $3,770,000 taxable Subordinate Capital Appreciation Bond.
Seafields and is being developed and managed by BRP Senior Housing Management, a vertically integrated firm with capabilities in development, renovation, operation and restructuring expertise in both senior housing communities.
Kiawah Island Real Estate is the sole real estate brokerage company for the Community providing both marketing and sales for prospective residents with a team of sales executives dedicated to Seafields at .
, Director, Ziegler Investment Banking, stated, "Ziegler is very proud to help provide construction financing for Seafields at in a very challenging capital markets environment. The Community is solving a critical piece to the sea islands of Kiawah and where seniors will now have the option to stay or live on the beautiful sea islands of ."
, Chairman of the Board of Kiawah Life Plan Village shared, "The Board is pleased with the outcome of achieving a successful financing that was underwritten by Ziegler. We look forward to seeing Seafields at serve as a vibrant addition to the community by providing residents and their loved ones with a place to live and enjoy their lives while the ability to remain in the community with their network of friends, family, amenities, and proximity to quality healthcare resources."
of BRP Senior Housing Management stated, "The completion this financing plus the earlier BANs financing is allowing us to bring best in class senior housing to on a one of kind site. With 70 units reserved the project has wide acceptance in the market. Ziegler and the whole team did a great job given a tough market and a unique project. We look forward to an opening in the fall 2025."
For more information about Ziegler, please visit us at .
About Ziegler: Ziegler is a privately held, national boutique investment bank, capital markets and proprietary investments firm. It has a unique focus on healthcare, senior living and education sectors, as well as general municipal and structured finance. Headquartered in with regional and branch offices throughout the U.S., Ziegler provides its clients with capital raising, strategic advisory services, fixed income sales, underwriting and trading as well as Ziegler Credit, Surveillance and Analytics. To learn more, visit .
, Ziegler, 3125961617,