TBC Development and BCDC have broken ground on Maybank 3030, a 72-unit, three-bedroom, three-and-a-half-bathroom rental townhome community located at 3030 Maybank Highway, Johns Island, South Carolina.
The project marks the third joint venture between the two experienced development firms. Located within the Charleston metropolitan area, one of the fastest-growing and most economically vibrant midsize metros in the U.S., Maybank 3030 will deliver much-needed rental housing to an undersupplied market, addressing the lowest apartment-to-resident ratio among Charleston’s downtown-adjacent submarkets.
“Charleston’s growth trajectory is excellent, but high land constraints, strict zoning overlays, and surging demand have created an acute shortage of for-rent product, particularly in desirable submarkets like Johns Island,” said Tony Berry, TBC Development. “We’re thrilled to expand our partnership with BCDC to deliver thoughtfully designed, professionally managed housing that serves the community’s evolving needs.”
Johns Island, the largest island in South Carolina, is prized for its natural beauty and proximity to West Ashley, James Island, Seabrook Island, Kiawah Island and downtown Charleston, all easily accessible via Maybank Highway, one of the region’s primary commercial corridors. The area has become a magnet for young professionals, healthcare workers and families drawn by the robust job market, including Boeing, Mercedes-Benz Vans, Volvo, the Port of Charleston and a new Trident Health Hospital and Emergency Department planned near the project site.
“TBC understands how to identify infill opportunities where demand far outpaces supply,” said Litt Glover, President and CEO of BCDC. “Maybank 3030 is the high-quality, well-located rental housing the Charleston region needs to sustain its economic momentum and support the next wave of growth. We are excited to partner on our third project with the TBC team.”
Charleston’s population has experienced robust growth, with the civilian workforce expanding by nearly 90,000 over the past decade. Despite the influx of residents and jobs, Johns Island remains largely protected under Charleston’s Urban Growth Boundary, with 80% of the island restricted from urban development, leaving few parcels available for thoughtfully scaled residential projects like Maybank 3030.
With financing from Pinnacle Bank, the project team includes Vinyet Architecture, L. Dean Weaver and Center Park Homes. The partnership anticipates delivering first units in the third quarter of 2026.
Founded in 1995, TBC Development has established a proven track record of ground up development of institutional quality assets in North and South Carolina. Recently TBC has focused on Class A Multi-Level Climate Controlled Self Storage, Market Rate and Active Adult Multi-Family and Build-For-Rent and Workforce Residential Developments.
BCDC is an opportunistic real estate development company focusing on establishing programmatic joint venture partnerships with best-in-class developers throughout the Southeastern U.S., Texas, and other select markets. As a Co-GP joint venture partner, BCDC strengthens and supports real estate development partners and projects by providing sponsor equity, risk analysis and underwriting, a strong balance sheet, completion guaranties, and deep relationships with institutional equity investors and construction lenders. BCDC’s investment platform is a fulcrum, allowing developers to achieve growth and scale, and is a proven approach to creating value for all stakeholders.
