Highland Resources broke ground on the infrastructure for Magnolia Landing, a planned mixed-use community located along the Ashley River in Charleston.
Spanning 192 acres, the community will offer a blend of parks, marinas, residential and hospitality offerings, office space, retail shops, restaurants, waterfront docks and a variety of entertainment options, all set against more than a mile of river frontage.
Magnolia Landing’s first phase includes a high-rise waterfront community and a mid-rise community, both developed by Woodfield Development, offering 600 rental residences. Additionally, the community will include 158 luxury townhomes delivered by a prominent national developer during this first phase.
The first phase will also feature a waterfront office building, offering 100,000 square feet of Class-A office space in addition to 75,000 square feet of street-level retail, gourmet restaurants and other commercial space. And finally, the first phase will include a 125-key hotel, a marina and four restaurants.
Highland Resources, Inc. is a privately held real estate investment firm founded by Herman and George Brown. The Brown brothers also owned Brown & Root, a large construction company, and started Texas Eastern Corporation. The Company was a real estate and oil and gas company that acquired, developed, and operated both real property and oil and gas properties. In 1983-1984, the oil and gas operations were spun out of Highland to the Brown Family as an oil and gas limited partnership. Since the spin out, Highland has been primarily a real estate company.
