Hilton Head Island
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Northpoint will be a best-in-class neighborhood for the Island's essential workforce.
It will include 150 to 170 high-quality rental units with a mix of one, two, and three-bedroom apartments.
The Workforce Housing Development Agreement delineates the responsibilities of OneStreet Residential and the Town in the creation of a workforce housing neighborhood on an 11-acre Town-owned tract of land. It outlines project phases, including Due Diligence, Planning, and Preliminary Models (Phase I), Zoning (Phase II), Pre-Development (Phase III), Construction (Phase IV), and a 65-Year Ground Lease (Phase V). It also includes expectations for amenities, programming, aesthetics, energy efficient design, financial contributions, property management, tenant qualifications, insurance, target schedule and legal compliance.
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, near the Boys & Girls Club. The Post Office is located directly to the east of Northpoint.
OneStreet Residential, an Atlanta-based firm with over 35 years of experience in developing and managing mixed-income communities, is the Town's partner to design, construct and manage Northpoint.
Town leadership had the vision for a sustainable workforce housing neighborhood on Town-owned property. This included the Town contributing land through a long-term ground lease and providing $1 million in eligible project costs, supported by the American Rescue Plan Fund. The Town is also responsible for zoning entitlements, long-term programming support, and recording affordability covenants on the property to ensure Northpoint will be preserved for workforce housing in perpetuity.
OneStreet Residential is responsible for design, permitting, financing, project management, construction, lease-up, and long-term property and program management.
OneStreet Residential was selected after a thorough vetting process that included evaluating designs, development plans, financing options, programming and property management. During the selection process, OneStreet Residential's leadership team visited Hilton Head Island several times. The Northpoint Public-Private Partnership Housing Advisory Committee, consisting of Town Council members and community leaders, also toured communities that were developed and managed by OneStreet Residential.
Northpoint targets housing for Hilton Head Island's essential workers, such as caregivers, teachers, medical professionals, and first responders. Residents of Northpoint must be employed on Hilton Head Island.
The project will serve households earning 60 percent to 150 percent of the Area Median Income (AMI), with at least 50 percent of the units for households earning between 60 percent and 80 percent AMI.
According to the US Department of Housing and Urban Development (HUD), a household includes all persons occupying a housing unit. The occupants may be a family, two or more families living together, or any other group of related or unrelated persons who share living arrangements, regardless of actual or perceived sexual orientation, gender identity, or marital status.
The Northpoint neighborhood will offer amenities and programming that prioritize the well-being and quality of life of its residents, including:
OneStreet Residential will be responsible for ongoing maintenance and property management.
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 US 278 as partial credit against the purchase of the land. The existing road and supporting infrastructure make the site ideal for redevelopment.
Northpoint will be an energy-efficient and sustainable neighborhood that emphasizes the preservation of natural resources and promotion of sustainable design and construction practices, including:
The project is divided into five phases:
The first units are anticipated to be available for rent by the end of 2026.
For more details, visit hiltonheadislandsc.gov/northpoint/, or contact Ben Brown, Senior Advisor to the Town Manager, at BenB@hiltonheadislandsc.gov.