{"id":228149,"date":"2023-12-11T15:56:20","date_gmt":"2023-12-11T20:56:20","guid":{"rendered":"https:\/\/www.livabl.com\/articles\/?p=228149"},"modified":"2023-12-11T15:56:25","modified_gmt":"2023-12-11T20:56:25","slug":"morgan-tract-master-planned-community-2024","status":"publish","type":"post","link":"https:\/\/www.livabl.com\/articles\/news\/morgan-tract-master-planned-community-2024","title":{"rendered":"HIC Land acquires 2,600-acre Morgan Tract as the site of new master-planned community with D.R. Horton"},"content":{"rendered":"<h4 id='pressboard-ad-sponsorship-tag' style='margin-bottom: 35px;'><\/h4>\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2023\/12\/HIC-Land-cottage-renderings-Photo-Credit_-D.R.-Horton.jpg\" rel=\"lightbox[228149]\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"497\" src=\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2023\/12\/HIC-Land-cottage-renderings-Photo-Credit_-D.R.-Horton.jpg\" alt=\"\" class=\"wp-image-228151\"\/><\/a><figcaption class=\"wp-element-caption\">Image via HIC Land<\/figcaption><\/figure>\n\n\n\n<p>HIC Land, a master-planned community developer based in South Carolina announced today that it has acquired the Morgan Tract, a 2,600-acre property located along U.S. 278 in Hardeeville, South Carolina.<\/p>\n\n\n\n<p>The price tag? A cool $36 million.<\/p>\n\n\n\n<p>In partnership with <a href=\"https:\/\/www.livabl.com\/builder\/dr-horton\">D.R. Horton<\/a>, HIC Land plans to transform the expansive tract into a multiuse master-planned community. Plans for the new community feature a diverse collection of residential and commercial space, amenities, parks, nature trails and sidewalks.\u00a0<\/p>\n\n\n\n<p>\u201cThis plot of land is ideally located as the last remaining large developable tract in the area, with easy access to many nearby amenities including the beautiful beaches of Hilton Head Island, the historic city of Savannah and rapidly growing employment opportunities,\u201d HIC Land founder and CEO Stefan Hoyer said in a statement.<\/p>\n\n\n\n<p>The project, set to break ground in 2024, is expected to improve the area\u2019s existing infrastructure and create hundreds of local jobs over the course of its 20-year development. So far, D.R. Horton and HIC Land haven\u2019t shared the exact number of homes planned for the area.&nbsp;<\/p>\n\n\n\n<p>\u201cWe are excited to once again be partnering with HIC Land, a company firmly positioned as one of the premiere land developers in the Southeastern U.S.,\u201d Brad Brundage, Coastal Carolina Region president for D.R. Horton said.&nbsp;<\/p>\n\n\n\n<p>\u201cThe Hardeeville\/Bluffton\/Hilton Head area is difficult to penetrate with a large community, and this tract of land is the perfect location to achieve our goal. When complete, it will be one of D.R. Horton\u2019s flagship communities in the country.\u201d<\/p>\n\n\n\n<p>HIC Land wasn\u2019t the first to bid on The Morgan Tract, which has been notoriously sought-after for its desirable location over the last 25 years.&nbsp;<\/p>\n\n\n\n<p>\u201cLocal and national developers have attempted to purchase this land for over 25 years with no success,\u201d Hoyer said. \u201cHIC took on the challenge, and our team overcame the many obstacles to close on the property. Because we are a privately funded company with no outside investors, we were able to buy the land directly from the Morgan family without red tape or bureaucratic decision-making.\u201d<\/p>\n<div id='pressboard-ad-sponsorship-msg'><\/div>","protected":false},"excerpt":{"rendered":"<p>Plans for the 2,600-acre swath of land include a mixed-use masterplanned community in partnership with D.R. Horton.<\/p>\n","protected":false},"author":52,"featured_media":228151,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","apple_news_api_created_at":"2023-12-11T20:56:24Z","apple_news_api_id":"306124c9-436e-45bb-8fcf-d251bc66d1cf","apple_news_api_modified_at":"2023-12-11T20:56:24Z","apple_news_api_revision":"AAAAAAAAAAD\/\/\/\/\/\/\/\/\/\/w==","apple_news_api_share_url":"https:\/\/apple.news\/AMGEkyUNuRbuPz9JRvGbRzw","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[11108],"tags":[11163,11404,11273],"coauthors":[10598],"apple_news_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>HIC Land acquires 2,600-acre Morgan Tract as the site of new master-planned community with D.R. Horton | Livabl<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.livabl.com\/articles\/news\/morgan-tract-master-planned-community-2024\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HIC Land acquires 2,600-acre Morgan Tract as the site of new master-planned community with D.R. Horton | Livabl\" \/>\n<meta property=\"og:description\" content=\"Plans for the 2,600-acre swath of land include a mixed-use masterplanned community in partnership with D.R. 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