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Daniel's Landing Condos

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Daniel's Landing Condos on Daniel Island


Daniel's Landing gets new owner, makeover
Of The Post and Courier Staff

Colorado-based Madison Development Group specializes in turning upscale apartments into even swankier condominiums and town homes, converting 30,000 units in 28 states since the early 1970s.

The company is selective. Top markets include Denver, south Florida and North Scottsdale-Phoenix, Ariz. So it's an achievement that Madison's first acquisition in South Carolina is in the Charleston area, namely the 295-unit Daniel's Landing on Daniel Island.

"This is the high end of the high end," said Ben Henrich, project director. The company, headed by Denver developer Mark Kline, pumped $1.5 million to $2 million into the apartment complex. Interior designer Buffy Kline, wife of the developer, designed each condo and town home with a luxurious feel.

On May 14, Madison Development converted the apartments to one-story condos and two-story town homes. Apartment dwellers were given the first option to buy. Thus far, 35 to 40 percent have chosen to do so. "That's an unbelievable number," Henrich said. In the month since Madison put the apartments on the market, they have sold 195 condos and town homes, or 62 percent. The buyers include the company's 10-employee staff on Daniel Island.

"That success is attributed to several things," Henrich said. "Daniel Island has done a tremendous job. It's one of the best master-planned communities."

Madison has been able to piggyback on the work of builder Greystar, which took pains to design a safe structure. Greystar installed fire-prevention sprinkler systems required in condos but not apartments and built fire retardant strips into the ceilings to keep blazes from spreading.

Because it didn't have to put money into structural work, Madison could focus on visual improvements such as landscaping and painting. Interiors were dressed up, and all the pricey decorations can be purchased with the units. The developer upgraded bathroom fixtures to Moen and kitchen appliances to General Electric. The condos and town homes also have water and dryer hookups.

The units have a variety of buyers. Some are drawn to the 650- to 1,330-square-foot units for the competitive prices of $100,000 to $250,000, combined with near-record low interest rates. Others buyers are investors, who purchase units believing they will appreciate in value. And some are young professionals, couples, retirees and starting families attracted by the fresh look of the condos and town homes, which offer amenities such as a swimming pool, putting greens and landscaping, from a backlit oak and marsh area to a row of palmettos.

In the words of Madison's advertising pitch, Daniel's Landing, located a few hundred yards from the Wando River, is "Life on the Water's Edge."

"The fact that we are on Daniel Island today speaks volumes of what's happened in the past seven years and for the next 10 to 15 years," Henrich said.

The condos are bordered by a small commercial sector, including a business and recreational center. The center has an entertainment room with wide-screen television and video players, said Christine Barrett, property manager and sales representative. Also in the building is a redesigned fitness center with new treadmills and weight machines.

The business center opens to the pool deck, where the new owner built a gazebo and installed gas grills with steel hoods next to existing fireplaces.

Daniel's Landing has five town home and condo models, with a few perks standard. Master bedrooms come with ceiling fans, bathroom garden tubs and ample closet space. Second- and third-floor units have fireplaces. Each unit has a patio, which can be converted to a screened porch.

The community, too, benefits from its location on burgeoning Daniel Island. For instance, condos and town homes bump up to an avenue of oaks that dates to the original island plantation. A retail center is under construction across the street. And a riverside boardwalk connects the marshy section at the rear of Daniel's Landing with the Family Circle Cup tennis center.

Madison expects to continue enhancing the neighborhood as it matures, Barrett said. But there are no plans to add more units, so this is the last chance to get in on the ground floor, so to speak. "The property is totally built out," Henrich said.

To get to Daniel's Landing from downtown, take either Interstate 26 or U.S. Highway 17 North to the Mark Clark Expressway. From the Mark Clark, turn at the Daniel Island exit (Exit 24). Follow Seven Farms Drive to the first traffic light and turn left on River Landing Drive. The town homes and condos are on the left


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