The Beach Company's senior vice president of development, Dan Doyle, spoke on a panel recently at the 2017 Power Breakfast Series offered by the Charleston Regional Business Journal and Charleston Southern University.
Brent Case, president of Coldwell Banker Commercial Atlantic; Michael Holmes, president of Easlan Management; and Rusty Porter, vice president of pre-construction for CF Evans Construction joined Doyle on the panel, covering topics such as the marketplace for multi-family housing, as well as trends that present themselves as business opportunities.
When moderator Andy Owens asked the panel where the next multi-family hotspots may be, Doyle noted Summerville as a potential destination, as the area has affordable housing and potential places of employment near the Palmetto Commerce Parkway corridor.
The panel also talked about a study that indicates a "crisis" for affordable homes in the United States and states that there is a need for more than 4.5 million new homes in the next 13 years. The research is from Hoyt Advisory Services and commissioned by the National Multifamily Housing Council and National Apartment Association.
Doyle noted a demand for housing in the Charleston area, with 15,000 new residents moving in each year. “The question is, if we don’t plan for the growth, where will people live?" he said.