Greystar’s Daniel Village Community 70 Percent Leased, Without Formal Opening

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By Erika Schnitzer, Associate EditorCharleston, S.C.—Greystar Real Estate Partners recently opened the final phase of its Daniel Island Village, a 283-unit development and Daniel’s Island’s only professionally managed apartment community.Built on 16 acres, Daniel Island Village is the only market-rate rental community on the island, Ashley Heggie, asset manager with Greystar, tells MHN. “It’s really […]

By Erika Schnitzer, Associate EditorCharleston, S.C.—Greystar Real Estate Partners recently opened the final phase of its Daniel Island Village, a 283-unit development and Daniel’s Island’s only professionally managed apartment community.Built on 16 acres, Daniel Island Village is the only market-rate rental community on the island, Ashley Heggie, asset manager with Greystar, tells MHN. “It’s really an opportunity for people who want to live on the island and are unable to get into a house. It has one of the best school districts in the area,” he adds.The demographics of the community are mostly those from Charleston who want to lead what Heggie calls a “Daniel Island lifestyle.” The island, he says, is a ULI-recognized Smart Growth development and is a very community-driven neighborhood. Located in close proximity to Charleston’s employment centers and lacking the traffic associated with cities, the island offers walking trails, golf courses and farmer’s markets, in addition to other local amenities.The garden-style community also features a number of private amenities, including a resort-style pool, fitness center, clubroom with fireplaces and pool tables, business center, cappuccino bar, outdoor patio and a summer kitchen with grills.Daniel Island Village offers one-, two- and three-bedroom units, ranging from 639 to 1,906 square feet. Monthly rents are approximately $1.25 per square foot, which Heggie notes is at the top of the price point for this area.Despite the fact that no formal opening has taken place, Daniel Island Village has already leased 70 percent of the community’s units. Heggie attributes this to the community being “just a great product that can’t be found anywhere in the Charleston community.”Meanwhile, demonstrating Greystar’s corporate initiative in action (its commitment to the community in which its employees work and live) Heggie spoke to MHN moments before he arrived at a local soup kitchen to help feed the homeless.

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