to be part of this raise and we believe the strong . South Street, a private equity development firm based in Charlotte, N.C., and Charleston, S.C., has scored major acquisitions of the Kiawah Island Club in South Carolina and its two golf courses; Palmetto Bluff in Bluffton, S.C.; and the Cliffs development, which is set in the Blue Ridge Mountains and has seven separate communities in South Carolina and North Carolina. Find contacts on the web. Advance Kiawah is a multifaceted initiative to create a diverse, equitable, and inclusive future for Kiawah Island. . In a Shifting Economy, a Developer Keeps Asking What Buyers Want, https://www.nytimes.com/2022/09/09/realestate/luxury/-golf-homes-developer-what-do-buyers-want.html. Our theory is that if you create an incredible world-class golf experience, just the proximity of homes to that course will yield higher prices than a traditional fairway-lined real estate golf course development. They just did a very good job of keeping this place as a best-in-class type of asset. At the clubs Cassique Boathouse, access is provided to a variety of water equipment to explore surrounding creeks and marshlands. Ray graduated from the University of Tennessee with a BS degree in Civil Engineering. He resides in Charleston, SC with his wife. We listened to existing property owners with open ears, and I credit three factors for our initial success on one of Americas most famous barrier islands, continued Randolph. South Street just raised its first discretionary fund of $225 million. Floor plans may not be to scale. For more information, please visit CliffsLiving.com. For more information, please visit PalmettoBluff.com. We werent necessarily targeting high-end master-planned communities at that point in the cycle, and we still have a segment of our business outside of that space. Floor plans may not be to scale. Prior to SECU Crystal Coast Hospice House, Bennette worked in the hospitality space providing office management and bookkeeping services. Scott earned his M.B.A. from UNCs Kenan-Flagler Business School in Chapel Hill, North Carolina and holds a B.S. Hoping to create a comprehensive, informed, and lasting strategyan initiative that could catalyze real change and eventually take on a life of its own South Street Partners understood that fundamental to this goal was to establish a deep and honest understanding of the inherent biases and inequities that exist within the community as a whole. In such page, we additionally have number of images out there. In May 2013, Kiawah Partners was sold to South Street Partners who retained all of the development staff and have kept the original Kiawah Partners vision intact. Please be aware that our efforts are ongoing. For more information, please visit KiawahIsland.com. Much of that growth came from people escaping high-tax, high cost-of-living areas in the northeast. https://lnkd.in/eDjV9rMD, South Street Announces Final Closing of $225 Million SSP GP Fund I. South Street Partners landed its first big deal in 2011 when it and Starwood Capital Group acquired North Beach Towers, the largest oceanfront condominium ever constructed on the Grand Strand at nearly 1 million square feet. Started in 2009 by Patrick Melton and Jordan Phillips, alums of both Discovery Land Company and the University of North Carolina, South Street Partners now has $1.3 billion in assets under management, over one million square feet of commercial space, and has over 1,600 employees across their properties spread across six states. In addition, she owned and operated Lowcountry Human Resources Consulting, LLC. You can update your choices at any time in your settings. Chris has been with South Street since its inception in 2009 and is primarily focused on the firms acquisitions and capital markets businesses. "Residences at Salamander is a low-density, protected community in a beautiful, natural setting with a temperate climate," said Chris Randolph, a partner at South Street Partners. All rights reserved. Watercolor artist. He currently resides in Summerville, SC with his wife and son. Well continue to build the clustered neighborhoods around those amenities. Anyone can read what you share. So, we dont concern ourselves too much with slowdowns in the market in terms of our business plan, but we also want to be conscious of overdeveloping during a time when sales might not be there. In November 2020, the Kiawah Island Club launched a new employee initiative,Kiawah in the Communityunder the Advance Kiawah umbrellaa program designed to engage their employees in volunteer opportunities in an effort to serve the greater Sea Islands community in a more targeted and effective way than previous employee volunteer programs. Rob is a veteran of the United States Air Force and graduated from St. Josephs College with a bachelors degree in business administration. https://lnkd.in/euxjYdCt Jordan received a bachelors degree in Economics from the University of North Carolina at Chapel Hill. Since its founding in 2009, South Street has established itself as one of the countrys preeminent private residential club and resort investors. Here Are Four Ways to Spot Greenwashing, The White House Is Considering Broad Actions to ExpandTenant Protections, The School Board Queen Endorsed by Florida Governor Ron DeSantis, The School Board Queen: How a Florida Mom Is Shaking Up US Education, Ryan Salame Invested Big In ASmall Town, Now Its Tangled Up In FTXs Fallout(Podcast), Fight to Regulate Crypto atCrossroads as Ripple Ruling Looms. A marketing veteran with 22 years of industry experience, Amys focus as Vice President of Marketing for South Street Partners is to oversee the strategy and execution of marketing programs for corporate, real estate development, and club entities. Read our GDPR, CCPA compliance, Discover our comprehensive and accurate B2B database, Director, Office of Program Monitoring and Evaluation, Vice President & Head of Asset Management, Chris Randolph's role in South Street Partners is Partner. Bennette assists with day-to-day asset management responsibilities for South Street Partners land holdings. Chris Randolph is a Partner at South Street Partners based in Charlotte, North Carolina. LinkedIn and 3rd parties use essential and non-essential cookies to provide, secure, analyze and improve our Services, and (except on the iOS app) to show you relevant ads (including professional and job ads) on and off LinkedIn. Weve got to create unique products and, more than anything, we have to deliver the best product possible from both a club and resort experience. During his time at Kiawah Partners, Pat has overseen the IT Departments on Kiawah Island, Doonbeg Golf Club in Ireland, Christophe Harbour in St Kitts, and now The Cliffs. Our families all thought we were a little crazy, smiled Chris Randolph, partner at South Street Partners who joined the firm shortly after it launched and also a Tarheel alum. About South Street Partners South Street Partners is a private equity real estate investment firm headquartered in Charlotte, NC, and Charleston, SC and the largest owner of private residential club and resort communities in the Southeast including Kiawah Island Club and Kiawah Island Real Estate, Palmetto Bluff, The Cliffs, and the Residences at Salamander. Peters responsibilities at South Street Partners include deal sourcing, acquisitions, and asset management. Chris Randolph is the Partner at South Street Partners based in United States. Prices start around $2 million in their suite of developments, and Chris Randolph, a partner, says South Street is seeing no slowdown. As part of this program, the Kiawah Island Club staffrenovated the outdoor facilitiesat Angel Oak Elementary School on Johns Island, providing more space and support for learning opportunities outside the classroom, including the construction of an outdoor classroom and the donation of a new greenhouse. Read more about the start of South Street Partners back in 2009 and our journey to becoming the largest owner of luxury residential club and resort communities in the Southeast. Home; Products. South Street Partners is committed to facilitating the accessibility and usability of its website. https://lnkd.in/euxjYdCt, On September 8, South Street Partners joined MUSC to break ground on the long-awaited Sea Island Medical Pavilion. Learn more at AdvanceKiawah.com. There are various methods for calculating the total square footage of a residence and the quoted square footage of a unit may vary. Prior to Fifth Third Securities, Henry worked for Challenger Capital Group, a Dallas, Texas, based boutique investment bank focused on middle market mergers and acquisitions. Amy resides in Charleston, SC, with her husband and twin girls. We want to create the best golf experience possible. Our goal is to provide an accessible and barrier-free environment for our website, online services and other technology. Search or verify contact lists in minutes with bulk tasks. "Wheels Up shares our belief that the most precious . As the partners surmised, there was plenty of opportunity in the Southeast. Chris Randolph's colleagues are Philip Weaver, Jordan Phillips, Gillian Welch, Gillian Welch. But these traits have produced the loyal and confident following South Street Partners enjoys. Chris received a bachelors degree in Economics from The University of North Carolina at Chapel Hill. It incorporates substantial ocean setbacks to protect the dunes, plus a comprehensive greenbelt system that includes 305 acres of lakes and ponds, 123 acres of parks and common land, and nearly 5,000 acres of marshland. South Street Partners, a Charlotte, North Carolina-based real estate investment firm, has closed its inaugural discretionary commingled fund with $225 million of total capital raised, exceeding its $100 million target. As for existing properties, we will use the fund to make improvements at Palmetto Bluff, where were building a short course and a regulation 18-hole course, and Kiawah, where we will build a new 18-hole course, as well as other amenities and development activities. To that point, what are other major developments youve noticed in the last 10 years, and where do you foresee things going in the next five years? Most recently Ray has worked with South Street Partners to launch The Residences at Salamanderadjacent to the Salamander Resort & Spa in the horse and wine country of Middleburg, Virginia. The island accommodates more than 400,000 visitors annually. The community is big and bold with 20,000 acres and 32 miles of riverfront in its ultimate form. Previously, Patrick was a Partner at Discovery Land Company, a developer of high-end private golf communities. Jordan co-founded South Street and focuses on asset management and finance across the portfolio. To date, the South Street Partners' leadership teams have been professionally trained on diversity, equity and inclusion and this training will soon be rolled out to all 500 employees. Kiawah's overall development plan remains the model for conservation, enhancement of open space, and preservation of the Island's environmental integrity. I used the term novel earlier, and I think it is probably still considered a little bit of a novel approach in our industry to not try and really integrate a ton of real estate on the golf frontage. Chris Randolph, a partner in South Street Partners, at the Cliffs at Mountain Park, a development in Marietta, S.C. Patrick O' Brien/South Street Partners South Street just. Amy is a passionate photographer and horseback rider and received a BFA from University of Georgia in Art Education and a BFA in Graphic Design from Trident College. How will you handle the golf real estate at both Kiawah and Palmetto Bluff? This is the first discretionary fund in South Streets history and allows us to be more acquisitive of new properties while continuing to work with our legacy investment partners in the private equity and hedge fund space. Henry is a native of Statesville, North Carolina. Up and delighted to invite their members to explore our exceptional communities' across the Southeast," said Chris Randolph, partner at South Street. As stewards of three iconic golf destinations, our timeline is much longer than a lot of our competition, and we plan for the impact of economic cycles during these longer holds. To deliver on that, we need to find the best land for the best golf. He served a six-year term on The First Tee of Greater Charleston Board of Trustees (including two years as Board President) and served as Co-Chair of the Friends of the Muni which raised money to renovate the Charleston Municipal Golf Course. After working in the roles of customer service technician, onsite installer, trainer, and software developer; he left to work for Club Resort Solutions as a consultant. Access is by boat only to this little island of perfection, scrubbed clean twice daily by Mother Nature. We could not be more excited to work with Beau and his team to bring another world-class golf experience to our members, remarked Randolph. Bloomberg Surveillance, covering the latest news in finance, economics and investments. The partners at South Street Partners are, from left, Will Culp, Jordan Phillips, Patrick Melton and Chris Randolph. ", "We know authentic change doesn't happen overnight,"said Jordan Phillips, partner at South Street Partners. Rob has spent the last 16 years of his career with Discovery Land Company holding management and executive positions at several of their communities/clubs and most recently serving as the CEO of Mountaintop Golf & Lake Club in Cashiers, NC. South Street Partners is a private equity real estate investment firm headquartered in Charlotte, NC and Charleston, SC whose subsidiaries include Kiawah Partners, Kiawah Island Club & Real. Its location, wide-ranging amenities, and a 5-star Montage hotel on property add to its mystique. 2820 SELWYN AVENUE, SUITE 500 Rays other notable works include the Doonbeg Lodge & Golf Club, County Clare, Ireland and Christophe Harbour, St. Kitts, West Indies. When we entered the Kiawah/Charleston market, we were definitely the new kids on the block. Sales are up significantly, much of that has happened during the coronavirus pandemic. Greenville and Ashevilles growing drive to markets made The Cliffs and its lake and mountain properties the perfect complement to the investment South Street had made on South Carolinas coast. Prior to joining Discovery, Patrick served in a number of roles at Terrabrook, a real estate development, investment, and management subsidiary of Westbrook Partners. Most of our neighbors feel the same way. Our management philosophy is entrepreneurial, nimble, creative, diligent, and perhaps a bit contrarian. His responsibilities included operations, development and project management across all owned properties. "For generations, families have been drawn to Middleburg's mystique and its renowned equestrian and wine country lifestyle," said Chris Randolph, Partner at South Street. Culp said, Anyone can start a company and have colleagues, but the four of us are really good friends, and we have a unique communication style because of that. Both are from North Carolina and were tired of traveling 300-plus days a year. In our space, a lot of money is made on the buy, so if you can get at the right point in the cycle and start a company at the bottom of the market instead of the top of one, thats a step in the right direction, Melton said. Prior to joining Brookfield, he worked at Situs on a dedicated asset management platform for TPG Real Estate Finance. Two of the four partners, Patrick Melton and Jordan Phillips, worked for Arizona-based Discovery Land Company, a developer and operator of luxury private residential communities and golf resorts, in 2008 when the real estate market started to collapse. We carefully analyzed The Cliffs on its own merits, surveyed the surrounding competition and felt we could outperform, explained Randolph. They created an external and internal committee made up of property owners, club members, and staff to take a deeper look - and they interviewed homeowners - all in an effort to develop goals, and a plan to accomplish them, for Advance Kiawah. All rights reserved. Dixie Norris is responsible for overseeing Human Resources for the more than 1,200 associates of South Street Partners employee base. Peter graduated from Southern Methodist University with a bachelors degree in Economics with Financial Applications. Any furniture, appliances or decorator ready items depicted herein are shown for artistic and illustrative purposes only and are not included in the purchase and sale of the residence. Clubhouse and associated amenity projects at Keowee Springs and Mountain Park should break ground in early 2021.A wellness center is also in the works for Mountain Park, as is a new lake club at Keowee Springs. The company has over $1 billion of assets under management including hospitality, residential and commercial real estate investments. Build highly targeted prospect lists. Phone: (843) 768-3428 Email: [emailprotected], 1 Kiawah Island Parkway Kiawah Island, SC 29455. That money was focused more on the. https://lnkd.in/euxjYdCt https://lnkd.in/euxjYdCt, Executive Assistant/Facility Coordinator - Shurtape at Shurtape Technologies, LLC. KIAWAH ISLAND, SC 29455, 701 EAST BAY STREET, SUITE 518 So, we started a homebuilding program that provided a one-stop shop versus buyers having to purchase a homesite, hire an architect, and procure a construction team and do so remotely. If, at any time, you require assistance please contact us directly at 828.631.1042. She is proud to serve on the Board of Directors of Palmetto Goodwill and is a member of the Seasonal Employer Alliance. Select Accept to consent or Reject to decline non-essential cookies for this use. 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