Steven J. Tully, of Tully LLC, and Richard H. Stewart, of 303 Associates LLC, two of the leading local real estate developers known for high-quality urban infill and redevelopment, announced the formation of Whitehall Park, LLC. Uniting top-tier local development talent, Whitehall Park, LLC aims to redevelop the 19-acre Whitehall property into a traditional, single family, residential waterfront neighborhood.
The Whitehall Property, located on Lady’s Island just over the Richard V. Woods Memorial Bridge from downtown Beaufort, has seen a number of ownership changes and at least one high density, mixed-use plan over the years. Hotels and restaurants have also been considered for this site over the years. The property has been sitting basically abandoned and in blighted condition since the real estate market crash in 2008.
Whitehall Park plans to redevelop this infill property in a manner that compliments the character of historic Downtown Beaufort and create a new walkable neighborhood within the city.
For more information, contact Steven Tully at 843-521-0000.