Our theory is that if you create an incredible world-class golf experience, just the proximity of homes to that course will yield higher prices than a traditional fairway-lined real estate golf course development. Dixie resides in Charleston, SC. "For generations, families have been drawn to Middleburg's mystique and its renowned equestrian and wine country lifestyle," said Chris Randolph, Partner at South Street. Both The Stables and The Vineyards have been designed to blend into the traditional landscape of the area, says Chris Randolph, partner at South Street Partners. Currently, Jordan is an active member of The Gibbes Museum of Art Board, the Charleston Regional Development Alliance Economic Leadership Council and the UNC Educational Foundation Board of Advisors. We look forward to adding to our collection of properties in the not-too-distant future., Where Nature Nurtures Across Sublime Coastal Landscapes. All rights reserved. When we entered the Kiawah/Charleston market, we were definitely the new kids on the block. https://lnkd.in/euxjYdCt "Ultimately, much of the credit is due to the previous ownership. Ray graduated from the University of Tennessee with a BS degree in Civil Engineering. Patrick J O'Brien In March, South Street Partners bought The. You can update your choices at any time in your settings. Floor plans may not be to scale. As part of this program, the Kiawah Island Club staffrenovated the outdoor facilitiesat Angel Oak Elementary School on Johns Island, providing more space and support for learning opportunities outside the classroom, including the construction of an outdoor classroom and the donation of a new greenhouse. Our smart growth plan that includes a new marina, a 3,100-yard reversible nine-hole course by King-Collins, and a second eighteen-hole championship golf course designed by one of the leading golf architecture firms in the world is in the final planning stages.. This seems to follow an industry trend. 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. When offered the opportunity relocate to the Charleston area and work exclusively for Kiawah Partners and Colleton River Plantation, he jumped at the opportunity. Presented plans, materials and specifications are subject to architectural and other revisions at the sole discretion of the developer, builder or architect, or as may be requested by law. KIAWAH ISLAND, S.C., March 18,2021 /PRNewswire/ --In the wake of George Floyd's death, and the mass protests that followed - bringing the issue of racial and systemic injustice front and center to the American consciousness South Street Partners created "Advance Kiawah", a multifaceted initiative charged with charting a more diverse, equitable, and inclusive future for Kiawah Island. 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. To that point, what are other major developments youve noticed in the last 10 years, and where do you foresee things going in the next five years? Chris Randolph's colleagues are Philip Weaver, Jordan Phillips, Gillian Welch, Gillian Welch. Prior to SECU Crystal Coast Hospice House, Bennette worked in the hospitality space providing office management and bookkeeping services. That might have worked in another time, in different cycles. Dixie graduated from the University of North Carolina, Wilmington with a Bachelor of Arts in Communication Studies, and holds various Human Resources certifications. Its all the time. Play a different courseand a different kind of courseevery day of the week. Presented plans, materials and specifications are subject to architectural and other revisions at the sole discretion of the developer, builder or architect, or as may be requested by law. 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. Over the past decade, their portfolio of communities has grown to include Kiawah Island Club, The Cliffs, Residences at Salamander and most recently, Palmetto Bluff. The economy and markets are "under surveillance". South Street Partners started looking at The Cliffs in 2010. CHARLOTTE, NC 28209, 345 FRESHFIELDS DRIVE, SUITE 210 South Street just raised its first discretionary fund of $225 million. Most recently Ray has worked with South Street Partners to launch The Residences at Salamanderadjacent to the Salamander Resort & Spa in the horse and wine country of Middleburg, Virginia. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Melton, Phillips, Randolph, and Culp all attended the University of North Carolina Chapel Hill, although not at the same time. He currently serves on the board of the First Tee of Charlotte and formerly served on the board of The Barrier Island Free Medical Clinic. That money was focused more on the. 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). Dan Whalen President & Broker in Charge Phone: (843) 768-3428 Email: dwhalen@kiawah.com Address 1 Kiawah Island Parkway Kiawah Island, SC 29455 Most recently, Chris was a Director with Heritage Golf Group, a boutique owner and operator of private and daily fee golf clubs . How will you handle the golf real estate at both Kiawah and Palmetto Bluff? Read more about the start of South Street Partners back in 2009 and our journey to becoming the largest owner of luxury residential club and resort communities in the Southeast. 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. Started in 2009 by Patrick Melton and Jordan Phillips, alums of both Discovery Land Company and the University of North Carolina, South Street Partners now has $1.3 billion in assets under management, over one million square feet of commercial space, and has over 1,600 employees across their properties spread across six states. Chris formerly served on the boards of AccelerateSC, the One SC Fund as well as the Medical University of South Carolinas Board of Visitors. At Kiawah, where Covid increased golf demand and drove up home prices, Beau Welling, Tiger Woods design partner, will work on a new course with a residential component. The company has over $1 billion of assets under management including hospitality, residential and commercial real estate investments. They still wanted a second home, but they were willing to trade some of the customization for a turnkey product that checked probably 90 percent of their boxes. Thats not to say there arent certain amenities were now building and developing, but a lot of it was already there. Previously, Chris was a Vice President, Investments at Cr Read More Contact Chris Randolph's Phone Number and Email Last Update 8/25/2022 8:13 PM Email c***@southstreetpartners.com Engage via Email Contact Number (843) ***-**** Engage via Phone Mobile Number Coupled with the fact that many of the countrys fastest growing cities were in our focus region, the Southeast, but there was no lack of distressed assets for sale after what had been a couple of very tough economic years.. 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. In addition to development responsibilities, Scott evaluated and negotiated all contracts on existing land development parcels being sold to regional and national homebuilders and managed all aspects of the sale and due diligence process. However, we knew there would be generational buying opportunities as Americas economy was showing green shoots of growth after the Great Recession. Patrick is also a member of South Streets Investment Committee. We will soon be the largest at Palmetto Bluff, because we believe fully in that strategy of delivering a finished product and doing so with scale and efficiency. When the opportunity to purchase the portfolio came back to us in 2018, we looked at it on a discount to replacement basis, plus the quality of the future real estate offerings, and the deal made sense. Kiawah's overall development plan remains the model for conservation, enhancement of open space, and preservation of the Island's environmental integrity. Rays other notable works include the Doonbeg Lodge & Golf Club, County Clare, Ireland and Christophe Harbour, St. Kitts, West Indies. https://lnkd.in/euxjYdCt, We proudly partnered with Kiawah Island Club Member, Greg Olsen, to host the First Annual HEARTest Yard Celebrity Classic on June 5thand 6that the River Course. Jordan received a bachelors degree in Economics from the University of North Carolina at Chapel Hill. Mr. Randolph spoke about his firms investment plans and residential golf developments. Both are from North Carolina and were tired of traveling 300-plus days a year. Chris resides in Charleston, South Carolina with his wife and two yellow labs. Bloomberg Surveillance, covering the latest news in finance, economics and investments. If, at any time, you require assistance please contact us directly at 828.631.1042. For more information, please visit KiawahIsland.com. Previously, Will was Vice President of Investments for Crescent Resources, a $1 billion+ real estate development and investment company headquartered in Charlotte, North Carolina. Johns responsibilities at South Street Partners include acquisitions, development, and asset management. 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. We worked through the holidays crunching the numbers and quickly realized how compelling the opportunity truly was.. The 2010 Census showed the region contains 14 of the nations 15 fastest growing cities. Watercolor artist. 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. As the partners surmised, there was plenty of opportunity in the Southeast. 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. From our perspective, the genuine opportunity was to breathe new life into The Cliffs, similar to what we did at Kiawah. It will include a short course and a practice facility for members. Most recently, Scott was a Director with Princeton Communities in Charlotte where he was responsible for all facets of new development activities including contract negotiations, site planning and design, interaction with local and state governmental officials and staff, rezoning, contractor selection and oversight. In a Shifting Economy, a Developer Keeps Asking What Buyers Want, https://www.nytimes.com/2022/09/09/realestate/luxury/-golf-homes-developer-what-do-buyers-want.html. In 2013, the company bought Kiawah Partners, the master developer of Kiawah Island and owner of Kiawah Island Club & Real Estate , and still commands a dominant share of the real estate development and sales on Kiawah. Our management philosophy is entrepreneurial, nimble, creative, diligent, and perhaps a bit contrarian. Rob has spent the last 16 years of his career with Discovery Land Company holding management and executive positions at several of their communities/clubs and most recently serving as the CEO of Mountaintop Golf & Lake Club in Cashiers, NC. The South Street team, which grew to four partners when Will Culp joined in August of 2012, initially focused on distressed opportunities across all real estate sectors, and did several one off transactions, but didnt transact on any private golf club communities because the timing wasnt right based on where we were in the cycle, said Randolph.