MeadWestvaco to sell some of its East Edisto, South Carolina, land for the first time, in line with master planned mixed-use community development that will see company sell about 50,000 aces over next five years for rural uses
April 11, 2014
(Industry Intelligence Inc.)
– MeadWestvaco Corp. (MWV) has, for the first time, put some of its East Edisto land in South Carolina up for sale, the Charleston Regional Business Journal reported on April 7.
East Edisto is a 72,000-acre region near Charleston and Summerville. A three-year collaborative process has produced a master plan that retains East Edisto's rural environment, while providing opportunities for people to live, work and play there, MWV states on its website.
Under the master plan, at least 75% of the 72,000 acres has to remain permanently rural, and over the next five years MWV plans to sell some 50,000 acres for rural uses, according to Ken Seeger, president of the MWV Community Development and Land Management Group.
Seeger said about 4,000 acres are for sale in a variety of lot sizes, with stricter density restrictions on the land for sale than on other parts of East Edisto. Uses for the rural land can range from timber, hunting, farming, and recreational uses, including rural home sites, said Seeger.
This is the first time any of this land, owned by MWV for almost a century, has come up for sale to the public, the Business Journal reported.
MWV’s East Edisto master planned mixed-use community, which has been in the works since 2007, will include housing communities, schools, parks and commercial space and will take about 20 years to build out, according to Seeger.
The primary source of this article is the Charleston Regional Business Journal on April 7, 2014. Click here to view the primary source’s original article.