Forino Co. Purchases Coosaw Point, Increasing Area Investments to Over $300M
Tuesday, February 23rd, 2021
Continuing its commitment to the greater Beaufort area, Forino Co. announced today the acquisition of Coosaw Point, a 400-acre luxury-style community located along the Coosaw River. For more than 40 years, the Forino Co. has been developing a diverse portfolio in quality construction, home building and development in both Pennsylvania and South Carolina. For over 10 years, the Forino Co. has developed projects in Ridgeland, South Carolina, and is currently completing Academy Park, their first project in Beaufort, South Carolina. Coosaw Point will be the company’s largest, most upscale development in South Carolina.
Forino’s current and future development projects in the Beaufort/Jasper Counties over the next two years will total more than $300 million in their project development plan, featuring more than 2,400 lots. Coosaw Point includes more than 60 already-developed lots ready for new-home construction, and 180 undeveloped lots for future development. Community amenities include The River Club — an 8,000- square-foot recreation facility with a junior-Olympic-sized pool and fitness room offering incredible views overlooking the Coosaw River. “Coosaw Point is a great place to live, work and play the Forino way in Beaufort,” said Forino Co. President John Smith. “We are looking forward to seeing this community continue to grow and thrive as we welcome new residents to this beautiful neighborhood. Coosaw Point is a great place to call home.”
To maintain the reliability of quality construction Coosaw Point residents have come to expect, Forino Co. is currently assembling an alliance of preferred area builders. Homebuyers will be able to choose one of the preferred builders or provide their own builder upon approval from Forino’s development team. Coosaw Point’s on-site sales center is currently staffed with knowledgeable and experienced sales associates seven days a week to assist prospective homebuyers and residents. The Forino Co. selected Berkshire Hathaway HomeServices Bay Street Realty Group, the largest real estate firm serving both the South Carolina Lowcountry and Coastal Georgia, to serve as their local real estate brokerage.
According to Berkshire Hathaway HomeService Bay Street Realty Group managing Broker in charge Ken WIllis, “Forino wants to bring their vision for innovative community-centered construction to Coosaw Point. We are honored to help them sell this amazing neighborhood to many families who will soon call Coosaw Point home.” To purchase a property in Coosaw Point, contact Todd McDaniel at Berkshire Hathaway Home Services Bay Street Realty Group at 843-301-0013. For more details about Forino Co., visit www.forino.com.