In an exclusive announcement to CPN today, The Tetra Cos. unveiled plans for the Crescent Centre, a 300-acre mixed-use development in Hardeeville, S.C.\u00a0The Crescent Centre will be a $300 million dollar retail, commercial and lifestyle center. The site provides 2 million square feet for hotel, retail and commercial parcels, along with 320 multi-family units. Tetra estimates that the construction will be completed by 2014.\u00a0The 300-acre site, acquired in January 2007, has direct access from Highway 17 and one mile of frontage on I-95. Hardeeville is centrally located fifteen minutes from Hilton Head, S.C. and Savannah Ga. The city has been experiencing growth, producing an increasing demand for high-end retail. Crescent Centre will be the first regional retail center constructed in the area.\u00a0Gil Holt, principal & co-founder of The Tetra Cos., told CPN , \u201cCrescent Centre is an example of the current \u2018flight to quality\u2019 in real estate where there is a heightened focus on growth and fundamentals. While some retailers and financiers are staying on the sidelines in those areas experiencing economic and housing troubles, we are seeing a robust response from the market to Crescent Centre. We attribute this to Hilton Head and Savannah experiencing strong residential and economic growth fueled by jobs, tourism and this area being a preeminent relocation destination for retiring Baby Boomers.\u201d\u00a0Ted Felder, economic development director for the City of Hardeeville, commented on the project. \u201cCrescent Centre will bring economic development, tax base expansion, job creation and improve the quality of life for the existing citizens here in Hardeeville. We have been anticipating this growth.\u201dIn May 2007 Tetra joined with NFL hall-of-fame wide receiver and television personality Michael Irvin to form TMI Group, a private equity fund to finance and develop Tetra\u2019s mixed-use real estate development.<\/p>\n","protected":false},"excerpt":{"rendered":"
In an exclusive announcement to CPN today, The Tetra Cos. unveiled plans for the Crescent Centre, a 300-acre mixed-use development in Hardeeville, S.C.\u00a0The Crescent Centre will be a $300 million dollar retail, commercial and lifestyle center. The site provides 2 million square feet for hotel, retail and commercial parcels, along with 320 multi-family units. Tetra…<\/p>\n","protected":false},"author":1314,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37301],"tags":[],"class_list":["post-1003795276","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"yoast_head":"\n