Matthew Jones paid $225 for this parcel a pittance now, but a fortune for a former slave in the 1880s. And through the years, through the generations, the land only grew in value, until Jones' descendants were sitting on a gold mine.
But it appears this will not happen to the Jones parcel. With the help of a South Carolina corporation, Matthew Jones' 180 heirs have formed a limited liability corporation to develop their property on this upscale resort island. Gateway Development plans to help them build a 26-unit condominium complex with tennis courts on the land their forefather bought.
The Hilton Head property, if sold outright, could fetch $4.5 million.
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2 comments:
There is nothing better than a BLOCKADE to the mass efforts of gentrification in Southern states!!! I LOVE IT!!
Pretty amazing ^..^
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