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Ashley Pointe Apartments market study

Ashley Pointe Apartments market study

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Produced by Woods Research Inc. for Greenway Residential Development, LLC, and furnished online by the SC Housing Finance & Development Authority.
Produced by Woods Research Inc. for Greenway Residential Development, LLC, and furnished online by the SC Housing Finance & Development Authority.

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Published by: Island Packet and Beaufort Gazette on Jun 09, 2014
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06/10/2014

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Market Analysis
 For the development of
An Affordable Apartment Complex
In
Beaufort, SC
Report Date
February 2013
Site Work Completed
February 2013 By Staff of Woods Research, Inc.
 For
Greenway Residential Development, LLC Charlotte, NC
110 Wildewood Park Drive Columbia, SC 20223 803.782.7700
 
 
 
Beaufort, SC February 2013
110 Wildewood park Dr. Suite D
Woods Research, Inc.
 Tel (803) 782-7700 Columbia, SC 29223 www.woodsresearch.net Fax (803) 782-2007
TABLE OF CONTENTS
Section
Executive Summary 5
2013 Exhibit S-2 SCSHFDA PMA Analysis Summary 8 2013 S-2 Rent Calculation Worksheet 9
Introduction 10
Purpose of the Market Study 10 Scope of the Market Study 10 Data Sources for the Market Study 11 Current status of the 2010 Census, ACS, and Claritas 12
Project Proposal 13 Project Description 15 Neighborhood/Site Description 17
Site Description-Notes and Conclusions 19 Distance Chart 20 Site Pictures 23
Primary Market Area Description 28 Labor Force and Economic Characteristics 30
Commuting Patterns 35 Crime Rates 37  Major Employers 38 Interviews 43
Population Characteristics 44 Housing Characteristics 48
Rental Housing Analysis 50 Comparable Apartment Data/Pictures 52
Household Income Characteristics 79 Market Demand Analysis 89 Conclusions and Recommendations 94 Signed Statement 95
 Maps
 
1 Location Map 14 2 Site Map 21 3 Panoramic Map 22 4 PMA Map 29 5 Major Employers Map 41 6 Market Data Map 67
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