MeadWestvaco, South Carolina-based residential, commercial real estate firm The Beach Company break ground on 320-unit Parks at Nexton apartment community, the first residential construction in 4,500-acre Nexton community in Summerville, South Carolina

Allison Oesterle

SUMMERVILLE, South Carolina , January 20, 2014 (press release) – Upscale Apartments Complement New Hi-Tech Community

The Beach Company and MWV have broken ground on the 320-unit Parks at Nexton apartment community. A joint venture of the two local companies, the Parks is the first residential construction in the 4,500-acre Nexton community, located at I-26 and 17A in Summerville.

"We are quite excited to bring a new pedestrian-friendly, urban living experience to the Summerville marketplace," said Kent Johnson, Vice President of Development at The Beach Company. "Our high level of amenities -- coupled with cutting-edge internet technology -- should make the Parks a unique home for our future residents."

The upscale, contemporary apartments will offer gigabit speed internet and the opportunity to choose a floor plan that meets residents' needs, from studio apartments to three-bedroom flats. Resident amenities include gourmet kitchens, 9'-10' ceilings, a commercial-quality fitness center, a Club Room for residents' enjoyment, a business center, a courtyard saltwater pool, and automobile garages. Residents will also enjoy Nexton's extensive trail and park network, affording the opportunity to walk or bike to work, dining, and shopping.

"Nexton is a place where schools, businesses and homes are all in close proximity," commented Kenneth T. Seeger, president, MWV Community Development and Land Management. "The Parks apartments offer the first opportunity to experience the unique Nexton lifestyle."

In December, Nexton announced that it has become South Carolina's most technologically advanced community by being the first Gigabit community in the state. Residents will have affordable access to a 1 Gbps "One Gig" connection from the day they move in. This speed, 100 times faster than standard internet, offers unparalleled entertainment through Ultra High Definition IPTV (internet protocol television) and advanced gaming functionality. They will be able to stream and download (and upload) music and videos more rapidly, connect more with family and friends, manage their energy consumption, remotely control lighting and security systems, and monitor and control health care solutions.

The Parks apartments are expected to be available for occupancy in late 2014.

Prospective residents interested in learning more about apartment rental opportunities are invited to contact Kent Johnson at 843-722-2615 or kjohnson@thebeachcompany.com.

About The Beach Company

The Beach Company has been a leader in residential and commercial real estate brokerage, development and property management for more than 65 years. Founded in Charleston in 1945, the company honors a tradition of responsibility and excellence in providing top quality real estate products and services for communities, businesses, industries, and most importantly families across the Charleston Lowcountry and the Southeast Region. For more information on The Beach Company, please visit http://www.TheBeachCompany.com.

About MWV

MeadWestvaco Corporation is a global packaging company providing innovative solutions to the world's most admired brands in the healthcare, beauty and personal care, food, beverage, home and garden, tobacco, and agricultural industries. The company also produces specialty chemicals for the automotive, energy, and infrastructure industries and maximizes the value of its development land holdings. MWV's network of 125 facilities and 16,000 employees spans North America, South America, Europe and Asia. The company has been recognized for financial performance and environmental stewardship with a place on the Dow Jones Sustainability World Index every year since 2004. Learn more at www.mwv.com.

About Nexton

Nexton is new thinking in community design, coming to life at I-26 and Highway 17A in Summerville, South Carolina, at the heart of metro Charleston's most vibrant growth. It's a fresh response to what people and businesses need today to be creative and successful. A place where innovation is fueled by South Carolina's first community-wide, gigabit broadband service. Where a commitment to education and healthy living will offer long-term benefits to all. And where even the smallest details are intended to make everyday life simpler and more fulfilling. Read more at NextonSC.com.

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