Kiawah Partners has a new owner - WCIV-TV | ABC News 4 - Charleston News, Sports, Weather

Kiawah Partners has a new owner

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KIAWAH ISLAND, S.C. (WCIV) -- A Charlotte-based real estate company has bought up a large chunk of Kiawah Island.

South Street Partners announced the purchase of Kiawah Partners Monday. The terms of the transaction were not disclosed.

The purchased properties include:

  • The remaining developable residential inventory on South Carolina's Kiawah Island
  • a master-planned luxury resort residential development
  • The Kiawah Island Club
  • Kiawah Island Real Estate and other related assets
  • Kiawah Island Utility
  • Freshfields Village
  • The Lodge at Doonbeg
  • County Clare, Ireland ("Doonbeg")
  • Christophe Harbour located in St. Kitts

"We thank Buddy Darby, Leonard Long Jr., Pat McKinney and the rest of the Kiawah team for their pioneering vision and tremendous leadership of this community over the past 25 years. We are proud to be involved in such a special project and look forward to working with the dedicated employees of Kiawah to create many successful years ahead."

South Street officials said they will oversee day-to-day management of the properties going forward, including all sales, development and operations.

"It's rare that a developer like Kiawah Partners remains with a project for 25 years. It's been a unique opportunity and I am very proud to have been at the helm of an outstanding team which has made Kiawah what it is today as well as two other resort destinations," said Charles P. "Buddy" Darby III, Chairman and Chief Executive Officer, Kiawah Partners.  "Overall, we have created communities that have resulted in tremendous value for our property owners, employees and partners.  In Kiawah we have a mature community in a beautiful natural setting for young and old to enjoy.  In Doonbeg, Ireland we have one of the top resorts in Europe.  In Christophe Harbour, St. Kitts we have a developing marina resort with a great deal of potential. I want to thank all of our employees and property owners for their support and wish South Street Partners continued success."

 

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