By Malloy & Co. for The Island Connection
Kiawah Life Plan Village Inc. (KLPV), a newly formed not for-profit, has closed and purchased a 9-acre site from Kiawah Partners, a subsidiary of South Street Partners – for Seafields at Kiawah Island, the first 62+ luxury life plan community on the island. Conceived in response to fill a void in the market, and at the request of Kiawah and Seabrook property owners as a way to age in place, the property will feature a first of its kind in-house medical clinic operated by the Medical University of South Carolina (MUSC). The $180M project will be built and operated to meet the demand of today’s seniors for a new generation of luxury housing and healthcare. KLPV also closed on the initial round of bond financing to enable construction to begin on the property. Big Rock Partners, a nationally known developer of luxury senior living, is acting as developer of the property. Kiawah Island Real Estate, the sole real estate brokerage firm with offices on Kiawah Island exclusively focused on selling Kiawah properties, is managing sales and marketing for Seafields. The 98 luxury one-, two-, and three-bedroom residences, as well as 16 assisted living and continuing care services, will be complemented by best-in-class amenities and services. Seafields residents have the option to purchase contracts with a 90% return of equity or a 0% return of equity. Reservations for all units are now available through Kiawah Island Real Estate and the project is slated to break ground early this fall. “Over the next five years, it is anticipated that there will be 31,000 additional 65+ residents in the Sea Islands (Johns, Kiawah and Seabrook) area,” said Richard Ackerman, Managing Partner, Big Rock Partners. “This project was initiated to meet an identified need for a world-class residential facility promoting an active lifestyle, focused on health and wellness,” The MUSC Health clinic at Seafields will utilize the most advanced current technologies as well as offering medical and therapeutic services. In the fall of 2023, the Sea Islands Freestanding Emergency Department, the result of a five-plus year venture between Kiawah Partners and MUSC Health, will open within walking distance of Seafields.
This facility will provide 24/7 lifesaving care in its emergency department with trauma rooms, an onsite lab, four exam rooms, imaging technology, and a helipad for the fastest possible transfers. Primary and specialty care will also be offered, for those residents who are looking for more convenient alternatives to their current providers.