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Hilton Head Sun
PRSRT STD ECRWSS US POSTAGE PAID BLUFFTON, SC PERMIT NO. 135 POSTAL CUSTOMER
Jan. 4, 2024 • Volume 27, Issue 1 • Complimentary • HiltonHeadSun.com
Mayor Perry Reviews HHI Achievements In 2023 4A
HIC Land and D.R. Horton will build a mulit-use development community on a large tract of land purchased for $36 million along 278.
HIC Land Buys Parcel Along 278 For Master Development BY SHANNON COPCUTT Editor A new master-planned live-work-play community has been announced along the U.S. Route 278 corridor in Hardeeville, SC as a result of the $36 million land purchase of a 2,600 acre parcel of land there called the Morgan Tract by HIC Land, a premier land investment company and master-planned community developer in the Southeastern U.S. HIC Land said it will be working with homebuilder D.R. Horton to convert the expansive piece of land into
a multi-use development including a diverse selection of homes, commercial spaces, first-class amenities, parks, nature trails and sidewalks. The projected 20-year development is expected to break ground in 2024. As part of the project, HIC Land and D.R. Horton are committed to improving the area’s infrastructure, including roads and utilities. The project is expected to also create hundreds of local jobs and significantly increase the tax base. According to HIC Land Founder/CEO Stefan Hoyer, HIC Land privately sourced and managed the due dili-
gence and entitlements for the landmark purchase of $36 million. The company worked with the sellers for over two years to create a win-win scenario for HIC Land and the Morgan family. “Local and national developers have attempted to purchase this land for over 25 years with no success. HIC took on the challenge, and our team overcame the many obstacles to close on the property. Because we are a privately funded company with no outside investors, we were able to buy the land directly from the Morgan family without red tape or bureaucratic decision-making,”
said Hoyer. “This plot of land is ideally located as the last remaining large developable tract in the area, with easy access to many nearby amenities including the beautiful beaches of Hilton Head Island, the Historic City of Savannah and rapidly growing employment opportunities. There is also a significant demand for more housing in this area, which the tract’s location is well-suited to aid,” said Hoyer. “The Morgan Tract is extremely well located to supply the increasing demand and HIC is
PARCEL CONT. ON PAGE 20A
Get Ready To Experience Restaurant Week 6A
Community Input Needed For Gullah Initiatives
Island Corridor Project Receives Updated Review
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