In the fall of 2016 Bleakly Advisory Group President Geoff Koski joined a prestigious group of real estate development professionals in Georgetown, SC as part of an Urban Land Institute (ULI) Advisory Services Panel.
Panels bring together the best and brightest from ULI’s diverse membership—developers, planners, financiers, market analysts, economists, architects, designers, and public officials—to provide practical solutions and objective advice not available from any other source.
Geoff Koski represented Bleakly Advisory Group on the Georgetown panel as a key market analyst assessing opportunities for redeveloping 150 acres of industrial waterfront land that includes the recently shuttered ArcelorMittal steel mill and the Port of Georgetown. The second-largest seaport in the state, Georgetown is a city of 9,000 residents, located an hour south of Myrtle Beach and 90 minutes north of Charleston.
The panel concluded that current market conditions are less than optimal for the site, however, the opportunity was at hand to create a long-term vision and plan for attracting private investment to the site. They urged stakeholders to consider the site an incubator for entrepreneurs, businesses, and sectors that will help diversify the economy and forge a new economic destiny for Georgetown. The panel also recommended leveraging the site’s assets—its waterfront location and legacy industrial infrastructure—to attract investment.