Bluffton Welcomes New Economic Development Initiative
On a bright and sunny day in Bluffton, local officials gathered on October 17 to celebrate the groundbreaking of an exciting new project. The event marked the start of construction for one of three planned buildings as part of the Don Ryan Center for Innovation and Dolnik Properties initiative. Located at Buckwalter Place, these buildings are poised to play a significant role in the town’s mission to bolster economic growth.
What’s in Store for Bluffton?
These three new structures are purpose-built with a clear objective: to provide space for innovators, startups, and businesses. Their strategic position near the Bluffton Police Department on 101 Progressive Street ensures easy access for all involved. The town expressed gratitude to everyone who attended the groundbreaking event, emphasizing the importance of community collaboration.
Local officials from various agencies, including the Bluffton Town Council, the Don Ryan Center for Innovation board members, and other business representatives, were in attendance, showcasing a united front for economic development. “Thank you to everyone who joined us to break ground on one of the first of three economic development buildings in Buckwalter Place,” said a town spokesperson. This kind of enthusiastic support highlights the excitement and optimism surrounding the project.
A Team Effort
The project was made possible through a strong partnership with Dolnik Properties. The town purchased the land, while Dolnik will handle the development, ownership, and management of the buildings. This collaborative effort is crucial for making Bluffton a hub for innovation and business.
Once completed, the trio of buildings will feature a whopping 50,100 square feet of office and light industrial space. The first building will comprise 14,400 square feet and is particularly notable for housing a second site for the Don Ryan Center for Innovation, a childcare center, and flexible workspaces.
Investment and Funding
The Town of Bluffton is putting significant resources into this venture, with an estimated investment of $4.1 million directed toward infrastructure, utilities, and parking. On the other hand, the developer, Dolnik Properties, is set to invest over $7 million into the project. Once the first building is finished, it will be owned by the town, with the Don Ryan Center for Innovation managing its operations and leasing.
Furthermore, the funding for this ambitious project was bolstered by grants totaling $1.13 million, including a $130,000 grant from the Beaufort County Economic Development Corporation and a $1 million grant from the South Carolina Power Team. This coalition promotes job growth and economic development across the state, further enhancing the project’s credibility and potential impact.
A Vision for the Future
Bluffton’s Buckwalter Place isn’t just an ordinary business park; it spans an impressive 94 acres and is designed to attract knowledge-based industries. With existing developments like the St. Joseph’s/Candler Medical Campus, Kroger, and TCL’s Culinary Institute of the South, it’s clear that this area is gaining traction in the business world.
Moreover, Dolnik Properties is slated to receive five acres in the Commerce Park, currently owned by the town, underscoring a commitment to long-term growth and expansion.
Empowering Entrepreneurs
The town spokesperson summed it up perfectly: “This new development aims to provide resources and space for Bluffton’s innovators, small businesses, and start-ups to thrive.” This initiative marks a new chapter for the community, as it strives to create a supportive environment that helps entrepreneurial spirits soar.
As Bluffton steps into this new era, the excitement is palpable. Residents and local officials alike can look forward to seeing their community grow and evolve. The groundbreaking is just the beginning, and many are eager to witness how this project will unfold, bringing opportunities to the town and its hardworking citizens.
