News Release

The Town of Hilton Head Island and OneStreet Residential Solidify Public-Private Partnership for Northpoint Workforce Housing Neighborhood

July 25, 2024

The Town of Hilton Head Island and OneStreet Residential signed a Workforce Housing Development Agreement for an 11-acre tract of Town-owned land at Northpoint Circle. This marks a critical step toward creating a sustainable workforce housing neighborhood on Hilton Head Island.

On Tuesday, June 18, the Hilton Head Island Town Council voted to approve OneStreet Residential as the Town’s development partner. The decision was made following a comprehensive analysis and legal review by the Town Manager, Town staff, and the Town's Northpoint Public-Private Partnership Housing Advisory Committee. The Northpoint Advisory Committee, comprised of Town Council members and community leaders, endorsed OneStreet Residential as the most suitable development partner after an extensive review of development plans, financing options, programming and property management.

Upon completion, Northpoint is slated to offer 150 to 170 units, comprised of one, two, and three-bedroom apartments with rental rates attainable for households with incomes ranging from 60 to 150 percent of the Area Median Income (AMI).  Based on Beaufort County’s 2024 AMI, a family of three could earn between $57,480 and $143,700 to qualify to live at Northpoint.

The Northpoint neighborhood will consist entirely of workforce housing, targeting Hilton Head Island’s workers.  Residents must be employed on Hilton Head Island to live at Northpoint.  At least 50 percent of the units will cater to households earning between 60 and 80 percent of the AMI, including teachers, law enforcement, hospitality workers, and healthcare providers.  This eligibility criteria ensures accessibility for a wide range of essential workers on the Island.

"Northpoint will be a vibrant neighborhood offering activities, programs and amenities designed to help its residents connect with each other; places for kids and adults to play, gather, bond, and make friendships that grow far beyond just being neighbors," said Hilton Head Island Mayor Alan Perry.

"The Workforce Housing Development Agreement is a major step toward providing long-term housing solutions for the Island’s essential workforce." said Hilton Head Island Town Manager Marc Orlando. "Through collaboration and careful planning, we are addressing workforce housing within a transformative neighborhood. OneStreet Residential will help us create a best-in-class neighborhood for our Island’s workforce while maintaining the high standards of architectural and environmental quality residents expect."

OneStreet Residential is an award-winning developer, owner and property manager with a unique 35-year track record of creating workforce and mixed-income communities throughout the Southeast. The company focuses on creating beautiful properties crafted to live and function as high-quality, sustainable neighborhoods throughout their lifetime.

OneStreet's leadership team has been meeting with stakeholders and visiting locations around the Island to explore the environment and designs of local architecture. Their goal is to intimately understand the people they will be building for and to ensure that the Northpoint development aligns with the needs and aspirations of the local community.

"From the moment we started talking with Hilton Head Island leaders about this project, we knew it would be special," said OneStreet Residential CEO David Dixon. "Hilton Head Island is a unique and special place to live and work. The beauty of this spectacular Island resonated with us the first time we set foot here. Through this project we have a chance to not just give people a place to live but to also make this a model development for cities and towns throughout the Southeast and beyond."

Town officials and OneStreet Residential envision an energy-efficient, thoughtful design offering amenities and programming that prioritize the well-being and quality of life of its residents.

Northpoint features will include:

• 150 to 170 energy-efficient rental units, with a mixture of one, two, and three-bedroom apartments.
• Sustainable design with solar components and high-quality architecture and construction.
• A pool and outdoor communal spaces with grilling, dining stations, pavilions, seating, and playgrounds to foster social interaction and a sense of community among residents.
• Functional open spaces with views of Jarvis Creek and a neighborhood park with walking trails and fitness stations, and a community garden to encourage residents’ health and wellness.
• Onsite property management and a multipurpose community center with high-speed internet and programs tailored to residents’ needs, such as educational, economic empowerment and recreational activities.
• Integration of stormwater eco-infrastructure, such as rain gardens and bioswales to enhance the landscape while capturing, treating, and infiltrating stormwater runoff.
• An attractive green infrastructure strategy, including pervious materials and water-neutral site features.
• Onsite recycling and trash facilities.
• Pedestrian and bike-friendly infrastructure.
• Electric vehicle charging stations.
• An onsite trolley stop to encourage the use of public transportation.
• Native landscaping and minimal turf grass to reduce water consumption from irrigation.
• Well-lit entrances, landscaped pathways and parking areas to promote safety.
• Laundry appliances within each unit for residents’ convenience.

The Northpoint site is located on William Hilton Parkway and Jarvis Creek, within a mile of Hilton Head Island schools and the Island Recreation Center, and near the Boys & Girls Club.  The Northpoint property was originally developed as a commercial subdivision before being acquired by the South Carolina Department of Transportation (SCDOT) in the 1990s to support the construction of the Cross Island Parkway. The Town acquired the property from SCDOT in 1999 with Real Estate Transfer Fee funds for about $1.4 million, which included the Town designing and replacing a culvert under U.S. 278 as partial credit against the purchase of the land.  Although no commercial buildings were constructed at Northpoint, the existing road and supporting infrastructure makes the site ideal for redevelopment.

The Northpoint project reflects a public-private partnership in which the Town provides a 65-year ground lease, $1 million to support eligible project costs with contributions secured from the American Rescue Plan Fund, affordability covenants to maintain a workforce neighborhood in perpetuity, zoning entitlements, long-term programming support and project vision.

OneStreet Residential’s role involves design, permitting, financing, project management, construction, lease-up, long-term programming and property management.

Over the coming months, OneStreet Residential will collaborate closely with Town leadership to finalize next steps in the planning process, with construction targeted to commence as soon as the summer of 2025. Construction is anticipated to last 18 months, with the first units being available to rent in late 2026.

To view Frequently Asked Questions (FAQs), visit hiltonheadislandsc.gov/northpoint/.

About OneStreet Residential

OneStreet Residential is an Atlanta-based owner, developer, and property manager focused on creating best-in-class, boutique-scale communities people love to call home. Since 1988, OneStreet has been dedicated to positively impacting the lives of its residents, associates, and neighbors one community at a time. OneStreet takes pride in crafting sustainable living spaces that become assets to their surrounding neighborhoods long after the communities open. OneStreet has created over 125 communities representing over $1 billion in investments. It is known for its expertise in master-planned, mixed-income, and mixed-use developments with attention to design and property management excellence.

For more information, please visit their website at onestreetres.com.