City Marks Milestone in Park Circle Revitalization Effort

Earlier today, the City of North Charleston announced that a news conference will be held on Friday, February 8, 11 AM, at the entrance of Oak Terrace Preserve neighborhood in Park Circle (1500 East Liberty Park Circle, North Charleston, SC 29405).

Mayor Keith Summey and Councilman Bob King will speak, marking the beginning of Phase 2 of the City’s award-winning Oak Terrace Preserve neighborhood, with comments on upcoming redevelopment projects in the historic district of North Charleston.

The news conference will also address the City’s pending plans to revitalize sections of Rivers Avenue, and the northern end of the former naval base, after the December 2012 rails settlement with the State of South Carolina.

As a follow up for the public, a block party will be held on Saturday, February 9, as a free event, from 11 AM to 3 PM. The event is designed to celebrate the neighborhood’s progress over the past six years, and the construction of Phase 2, featuring food, fun, games, kids’ activities, and live entertainment.

“Oak Terrace Preserve opened the doors for the revitalization of Park Circle’s residential neighborhoods,” says Summey. “Until construction began on Phase 1, there had not been a new housing development in the Park Circle area for 50 years. Now, young families are coming back to the neighborhood, and private residential developments, like Mixson and Hunley Waters, are now gearing up with new construction as the recovery is gaining momentum after the national housing recession of 2008.”

Summey cited the unique advantages of Oak Terrace Preserve for families, with the Charleston County School of the Arts and nationally-ranked Academic Magnet High School within short walking distance of the neighborhood.

As a city owned, public-private project, Oak Terrace Preserve has received national recognition over the past five years, including Green Builder Magazine lists for top ‘green’ neighborhoods in the United States. Other City honors include the National League of Cities Award for Municipal Excellence and the Home Depot Foundation Award of Excellence for Sustainable Community Development.

Over the past two years, publications like This Old House, Bloomberg Business Week, and Men’s Journal have all recognized Park Circle as one of the nation’s ‘cool,’ up-and-coming neighborhoods. The Charleston City Paper readers voted Oak Terrace Preserve as the Charleston area’s “Best New Development of 2009”. KaBoom! cited North Charleston as a Playful City USA Community.

“This notoriety is a product of public and private efforts to redevelop a neighborhood that could have easily been lost without careful planning and investment,” adds Summey. “We’ve come a long way in six years, but I truly believe the best is yet to come.”

Oak Terrace Preserve is a 55-acre sustainable community owned by the City, and developed by private contractors. Homes are EarthCraft® Certified, and feature neo-traditional designs with a Lowcountry vernacular. Upon build-out, OTP will feature 374 homes and town homes, which includes a network of pocket parks, and some hundreds of preserved trees, including many grand oaks. Phase 2 will encompass the construction of 52 single family housing units and 16 town homes over the next 18 months.

Recent videos on the neighborhood:

Oak Terrace Preserve – Community

Oak Terrace Preserve - Schools

Mayor Summey on Oak Terrace Preserve's phase 2 and proximity to schools

Mayor Summey on Oak Terrace Preserve and Park Circle's revitalization

Information and video on Oak Terrace Preserve are in the media kit, at http://bit.ly/otpmediakit

For questions on the news conference, contact Ryan Johnson at the above email address and phone number. For inquiries on Oak Terrace Preserve, call or email Keith West, at the above email and phone number.

Information on Oak Terrace Preserve can be accessed online at http://www.oakterracepreserve.com.