News Summary
Tri Pointe Homes, a California-based home builder, is expanding into Beaufort County, South Carolina, with plans for two projects that will bring 75 new homes. This includes 50 townhouses in Beaufort and 26 single-family homes in Bluffton. The projects aim to address the demand for affordable housing in the region, which is seeing significant growth due to rising housing demand and investments from major companies. The first home sales are expected to start in 2027.
Beaufort County Welcomes Tri Pointe Homes’ Expansion with 75 New Homes
Beaufort County, South Carolina, is set to welcome Tri Pointe Homes, a publicly traded home builder based in Orange County, California, as it expands its operations into the coastal region. The company has announced plans for two projects in Beaufort County that will create a total of 75 single-family houses and townhomes. This marks Tri Pointe’s first entry into the South Carolina housing market.
Details of the Projects
The two new projects consist of a Beaufort development and a Bluffton development. The Beaufort project will feature up to 50 for-sale townhouses located along Highway 170, situated near the Beaufort Station retail area, which is part of a new retail development in the region. The design aims to address the current lack of affordable housing options in the area.
The Bluffton project plans to incorporate 26 single-family home sites just west of downtown Promenade, a popular shopping and dining area. The homes will incorporate both attached and detached “rear load” garages, prioritizing “court yard outdoor living” designs. The land for both projects is already under contract, pending final sales contingent on local government approvals.
If all proceeds smoothly, the first home sales are anticipated to begin in 2027.
Market Potential and Strategic Growth
According to Gray Shell, head of the Coastal Carolina Division at Tri Pointe, the company sees substantial growth opportunities in the Carolinas, fueled by a rising housing demand in key areas such as Hilton Head, Bluffton, Beaufort, Charleston, and Savannah. The demand is further supported by significant investments in the nearby Savannah area from major companies like Hyundai Motor Co. and Gulfstream Aerospace Corp..
These market dynamics have led Tri Pointe Homes to establish a Coastal Carolina office in Charlotte, as part of a broader strategy to expand operations across North and South Carolina. Shell anticipates that the region will become a prime market for housing developments, driven by an influx of migrants seeking a welcoming environment and strong community amenities.
About Tri Pointe Homes
Tri Pointe Homes identifies itself as a premium lifestyle brand, offering a diverse range of price points and home designs that cater to various lifestyles and local necessities. The company is also in the process of designing additional housing communities in the region, although these projects have not yet reached the contracting stage.
Doug Bauer, the CEO of Tri Pointe, noted Beaufort County’s reputation as a desirable place to live, attributing its appeal to factors such as longevity, education, and economic prosperity. By entering the South Carolina market, Tri Pointe Homes aims not only to meet housing demand but also to enhance the variety of housing options available in the area.
Conclusion
As Tri Pointe Homes prepares to break ground in Beaufort County, the community looks forward to the prospects of new housing developments that promise to provide much-needed affordability and variety in home designs. The company’s expansion into this region represents a significant milestone in its growth and commitment to delivering thoughtfully designed homes that cater to a wide array of buyers.
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Additional Resources
- Island Packet: Beaufort County Welcomes Tri Pointe Homes’ Expansion
- Wikipedia: Tri Pointe Homes
- GlobeNewswire: Tri Pointe Homes Announces New Land Transactions
- Encyclopedia Britannica: Real Estate
- GuruFocus: Tri Pointe Homes Expansion Announcement
- Google Search: Tri Pointe Homes expansion
