Timbers Resorts Opens Luxury Residence Club on Kiawah Island
- Nov 23, 2018
Timbers Resorts, a developer and operator of global luxury boutique properties, has opened Timbers Kiawah – Ocean Club & Residences, the first new residential development on South Carolina’s Kiawah Island’s oceanfront in more than three decades. The $75 million project is the first residence club in the region and features 21 fractional ownership residences in three buildings.
There are 18 three-bedroom homes totaling more than 2,200 square feet each that start at $490,000 for one-ninth ownerships, and three four-bedroom penthouses with more than 3,600 square feet each that start at $1.34 million for one-sixth ownership interest. They all have panoramic views of the ocean from floor-to-ceiling windows, as well as expansive outdoor terraces and high-quality finishes and furnishings.
Interiors were created by international firm J. Banks Design, while Poss Architecture + Planning was the project architect. The development features resort-like amenities, including a private clubhouse with a lounge, wine storage, private bar and fitness center. Timbers residents and guests have exclusive use of a restaurant and private beach club with an oceanfront pool and a variety of family and children’s programming. Perks of the fractional ownership model include year-round onsite management with pre-arrival provisioning, concierge services, owner storage, valet parking and daily housekeeping.
“The Timbers Kiawah experience is unlike any other in the Lowcountry,” Greg Spencer, CEO of Timbers Resorts, said in a prepared statement. “We curated a team of the most talented professionals to provide a fresh and exclusive experience on Kiawah Island. From the interiors to the roster of activities, we work diligently to provide a carefree setting for owners to relax and enjoy what Kiawah has to offer.”
Chris Burden, managing director of development at Timbers Resorts and son of executive chairman & founder David Burden, said the firm was founded on the concept of creating places for families to spend time together. A leading developer on Timbers Kiawah, he worked with the management team to develop sporting, cultural and culinary activities, including beachside yoga, cooking classes, pop-up art galleries and wine tastings.
Timbers Resorts Projects
Timbers Resorts acquired the 3.5-acre development site, one of the few remaining oceanfront parcels on the island, from an affiliate of Kiawah Partners for $11 million. In April 2017, HFF secured $50 million in construction financing from Mosaic Real Estate Credit LLC, an affiliate of Mosaic Real Estate Investors.
The property is located at the end of Beachwalker Drive and Duneside Road on the southwestern end of the 10-mile, crescent-shaped Kiawah Island Beach in the West Beach area. It is minutes from Freshfields Village, the community’s boutique shopping and dining center. The island has 123 acres of parks, hiking and biking trails, 24 tennis courts and five golf courses, including the Ocean Course at Kiawah Island Golf Resort, which will host the 20121 PGA Championship.
Other Timbers Resorts properties include Timber Kauai – Ocean Club & Residences, a private oceanfront residence club in Lihue, on the Hawaiian island of Kauai, which received $96 million in construction financing in December 2016, also arranged by HFF. The luxury property is located with the 450-acre Hokuala Resort and mixed-use development that also includes an award-winning Jack Nicklaus Signature Golf Course.
Image courtesy of Timbers Resorts