Cayce, SC (Paul Kirby) – The City of Cayce announced last week a planned new development that’s to be built off the 12th Street Extension near I-77. As the city continues to grow toward being one of the most desirable places in the southeast to put down roots, it’s catching the eye of savvy developers across the nation that recognize it for what it has become.
Whether it’s bringing a family, a business, or both to the southeast, Cayce continues to be a popular destination. As it grows at a planned, measured pace, it offers a high quality of life, easy access to South Carolina’s capital city, the University of South Carolina, three major interstate highways, and the beautiful Congaree River. It also borders the Columbia Metropolitan Airport, Lexington County’s Saxe Gotha Industrial Park with anchor tenants like Nephron Pharmaceuticals and Amazon, and lots of other great opportunities. Cayce is just another fine example of why Lexington County cities, towns, and communities have become so popular as a spot to relocate to across the nation.
Now, the City of Cayce says that Atlanta-based real estate investment company, The Simpson Organization, has purchased 36 acres of land from Dominion Energy. Simpson has estimated they will invest $65 million in mixed-use development. These are normally a total package, not unlike a village within a city. They normally offer something for almost everyone.
This new project plans to include apartments, restaurants, retail, a hotel, office space and an entertainment area! Not only does it offer a total package atmosphere but mixed-use often brings the most desirable type of growth. This is growth that has the smallest amount of impact on the existing infrastructure.
In terms of traffic alone, a mixed-use development may bring people who own more vehicles to the area, but those vehicles often have less of an impact on the existing roads and traffic. Traffic isn’t always about the number of vehicles in an area, rather it’s about the number of miles those vehicles drive.
If a development offers many amenities and business opportunities in an small area like mixed-use developments do, people are more likely to do business and recreate closer to home, cutting down on the need to drive. In fact, many professional planners say that mixed-use developments that offer a high quality of life area around them can often bring with them positive economic impact for the entire region while promoting a better sense of community.
They also often draw people and families with a healthier lifestyle. These are people more likely to bicycle or walk to close by businesses and recreational opportunities rather than crank their vehicles and drive there. This includes more than just younger families; it can also include retirees that enjoy opportunities for exercise as they shop and play.
According to Cayce, ground-breaking on the new development is expected to be in late 2021!
