Home News Historic Hyde Park Plantation to be preserved in $2.65M sale to Georgia group | Business

Historic Hyde Park Plantation to be preserved in $2.65M sale to Georgia group | Business

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Rural real estate in Berkeley County dating back to the 18th century will be permanently protected as part of this month’s sale of real estate.

The Low Country Land Trust said on May 20 that it had sold a 604-acre Hyde Park Plantation overlooking the eastern tributary of the Cooper River between Hugar and Cordesville. The Charleston-based conservation group refused to provide information about the purchaser.

The map provided by the Lowcountry Land Trust shows the location of the Hyde Park Plantation.offered

Berkeley County Land records show The property was sold to Nuthatch HydePark LLC on May 9 for $ 2.65 million. Buyers share their address in Carrollton, Georgia with several conservation organizations, including nonprofits. Green Georgia Foundation When Terra Conservation CapitalInvesting in a land conservation project in the southeast. Roy Richards Jr.The former CEO of Southwire Co. is an executive of these groups. The organization’s spokesperson was not asked to comment.

Terra Previously lent $ 1 million to Lowcountry Land Trust To help the group buy a property in Hyde Park. It’s not clear if the sale price was discounted because of Terra’s previous involvement, but the land trust sold the property at a price about $ 1 million cheaper than it paid.

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The historic site where rice plantations worked in the 1700s is one of the properties that Lowcountry Land Trust purchased in part. $ 5 million received from the State Port Authority In 2015 to offset the environmental impact of the Charleston Harbor deepening project. The money was put into a revolving fund to buy land for preservation. The proceeds from the sale of Hyde Park will be used to fund future acquisitions.

The Land Trust has recorded a legally binding document detailing the terms of the easement. For example, limit the number of real estate housing structures to five and allow two docks on the same day of sale.

“The unique ecological and historical features of the Cooper River Corridor continue to be under pressure by the growing Charleston region. By purchasing this property, placing it under permanent conservation easement and selling it. , Not only to protect Hyde. Return capital to the Revolving Fund to enable more conservation work in the Park as well as in the Cooper River Corridor. “

Hyde Park Plantation

The Lowcountry Land Trust recently sold 604 acres of Hyde Park Plantation to a Georgia Conservation Group for $ 2.65 million.English Purcell / State Port Authority / Provided

Hyde Park is home to more than 100 acres of broken paddy fields, nearly 500 acres of highland forests, and historic cottages built in the 1790s. In recent decades it has been managed primarily for timber and recreation.

The transaction brings the total number of private, state and local protected acres of the Cooper River Corridor to over 58,000 acres and connects to the federal-owned 259,000 acres of Francis Marion National Forest. Hyde Park is the 13th property protected by a corridor.

Barbara Melvin, Chief Operating Officer of the Port Authority, said the partnership between the Maritime Bureau and the Low Country Land Trust “by protecting wetlands, wildlife habitats and water quality for future generations. , Continues to have a positive impact on our community. “

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Hyde Park has been owned by the Ball family for centuries. The Ball family also owned the Kensington Plantation, adjacent to the east, and many other lands in the Cooper River corridor. The west side of Hyde Park is adjacent to the 11,000-acre Bonault Ferry Wildlife Management Area managed by the South Carolina Department of Natural Resources.

The Lowcountry Land Trust Revolving Fund helped buy 425 acres of French Quarter real estate in Huger and Fort Fair Lawn, Berkeley County.

Locally, Terrah Conservation is a 400-acre site along the Bohicket River on Wadmallow Island, a 460-acre caraway landing on Mingo Creek in Georgetown County, and a 450-acre Stow district along the Intracoastal Waterway. We are making other investments in. A waterway near McClellanville.

The group also acquired 326 acres in Dorchester County for wetland mitigation at the Wal-Mart Import and Distribution Center in Ridgeville and approximately 600 acres in Berkeley County for wetland mitigation in the Berlin G. Myers Parkway expansion in Summerville. bottom.

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Contact David Wren at 843-937-5550 or @David_Wren_ on Twitter.

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