Business Briefs - June 22, 2017


The Cainhoy Plantation property will soon see a new residential community rise in what has been dubbed by developers as “the first private investment” in the 9,000 acre tract. The Spectrum Companies officially broke ground last Thursday, June 15, on the Village at Point Hope, a 274-unit community with garden- and carriage-style apartments. The complex will also feature a dog park, pool, and other amenities, all within walking distance of a future grocery store-anchored shopping center at the gateway to Cainhoy Plantation off Clements Ferry Road.

The Cainhoy Plantation property, owned by descendants of the late Harry Frank Guggenheim, will ultimately offer a mix of residential, retail and commercial development that reflects the natural landscape of the area, stated a Spectrum press release on the project.

“The Village at Point Hope will embrace the high expectations for a master-planned community of this stature, and will offer high-quality apartments and amenities with great proximity to both Charleston and Mt. Pleasant,” said Steve McClure, chief operating officer of The Spectrum Companies. “We appreciate the trust this world-class development team has placed in us to set the tone for the building to come in this visionary community where families will live, work and engage with the natural beauty of South Carolina’s Lowcountry.”

The Spectrum Companies also developed two luxury multi-family communities on Daniel Island - Simmons Park and Talison Row.

“We are delighted to partner again with Spectrum to lead off development of the Cainhoy property, which will include a range of housing options and connectivity between neighborhoods, schools, shopping, culture and environmental assets,” said Matt Sloan, president of the DI Development Company, the entity managing development of Cainhoy Plantation on behalf of Guggenheim Partners and Guggenheim Family Holdings. “Spectrum delivers top quality and their Village at Point Hope will help satisfy demand for comfortable multi-family living with easy access to employment centers and recreational opportunities across the Charleston region.”

Other features of the complex include a fitness center and clubhouse, saltwater pool, courtyard and grilling area. Leasing is expected to begin in the Spring of next year, with completion set for Fall 2018.

“It’s rewarding to be involved in the very first neighborhood in what will be an unprecedented, well-balanced and well-planned community,” added McClure.

Three Berkeley County public schools are already located in Cainhoy Plantation - Philip Simmons Elementary and Middle Schools, which opened last year, and Philip Simmons High School, which is set to open this August. According to Carolyn Lancaster, spokesperson for the DI Development Company, plans for widespread development of the Cainhoy Plantation parcel are still in the beginning stages. The tract is bordered by the Wando River, two creeks, and 22 miles of saltwater and marsh shoreline.

“It is likely that the first residential neighborhood will be introduced in 2018,” stated Lancaster. “The property will be developed over the course of decades, likely 40 or 50 years.”

For additional information on The Spectrum Companies and Village at Point Hope, visit


East Cooper Community Outreach (ECCO) is offering an opportunity for the community to double the impact of their charitable giving this month. Intended to inspire increased support from the public, the Daniel Island Community Fund has committed to match the generosity of donations made to the Mount Pleasant based nonprofit before June 30.

As ECCO approaches the end of its 2016-17 fiscal year, staff and Board members want to achieve a balanced budget. Over the last 12 months, the organization has enhanced several programs by adding critical services for low-income families, including:

• Relaunching the Individual Development Account (IDA) program, a nationally implemented initiative that promotes asset growth for low-income households

• Introducing a monthly “Fresh and Free Client Choice Farmers Market” to provide healthy food options for ECCO clients on a regular basis

• Expanding the Partners in HealthCare clinic hours to offer increased medical services for the uninsured.

The Daniel Island Community Fund has been a dedicated ECCO supporter for the last 10 years. All additional, new, and increased gifts made to ECCO before June 30 will be matched dollar-for-dollar up to $20,000. To join the challenge, visit or call 843-849-9220.

Daniel Island Publishing

225 Seven Farms Drive
Unit 108
Daniel Island, SC 29492 

Office Number: 843-856-1999
Fax Number: 843-856-8555


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