Woodfield Development and PGIM Begin Next Phase of The Radler with Construction Underway on Nexton Townhomes
114-unit townhome community expands on the success of The Radler and marks Woodfield Development’s 20th property in the Charleston region
SUMMERVILLE, S.C. (March 27, 2026) – Woodfield Development, one of the nation’s leading developers of Class A multifamily communities, and PGIM, the world’s second largest real estate investment manager with $218 billion in gross assets under management and administration1, have construction underway on Nexton Townhomes, a 114-unit for-rent townhome community representing the next phase of its successful residential development, The Radler, in Downtown Nexton and marking the firm’s 20th community in the Charleston region.
The milestone underscores Woodfield Development’s long-standing investment in one of the Southeast’s fastest-growing markets. Over the past two decades, the Charleston-based developer has delivered more than 4,600 residences across the region, representing more than $1.2 billion in development.
Delivered in 2024, The Radler introduced 324 apartment residences to Downtown Nexton and has quickly become a cornerstone residential community within the walkable mixed-use district. Nexton Townhomes builds on that momentum, introducing a complementary townhome offering that expands housing options while sharing access to The Radler’s established amenity program.
“Reaching our 20th community in the Charleston region is a meaningful milestone for our firm,” said Mike Schwarz, partner at Woodfield Development. “The Radler has performed exceptionally well since opening, and these townhomes represent the natural next phase of that community as demand for housing in Nexton continues to grow.”
Nexton Townhomes is being developed with financial backing from Pinnacle Bank, underscoring continued institutional confidence in the Nexton submarket and the broader Charleston region.
Located at 14000 Metropolitan Avenue, Nexton Townhomes will offer for-rent residences ranging from two-bedroom, two-and-a-half-bath layouts to four-bedroom, three-and-a-half-bath homes, with floor plans spanning approximately 1,788 to 2,401 square feet. Scheduled for completion in late 2027, the townhomes will feature premium finishes including quartz countertops, luxury vinyl plank flooring throughout, stainless steel appliances, designer lighting, tile backsplashes and surrounds, walk-in showers, double vanities, spacious walk-in closets, and private yards in select homes.
Residents of Nexton Townhomes will have access to the established amenity program at The Radler, which includes a pool and sundeck, rooftop sky lounge, fitness center, outdoor fitness lawn, spin studio, conference and coworking spaces, a game room, and a resident lounge. Outdoor amenities include a landscaped courtyard with gas grills and dining areas, pickleball courts, and an outdoor amphitheater.
Situated in the heart of Downtown Nexton, the community is part of the 4,500-acre master-planned development located approximately 25 miles northwest of Charleston along the I-26 corridor. Designed for walkability and integrated growth, Nexton includes residential neighborhoods, more than 100,000 square feet of dining and retail space, commercial and office development, and an extensive network of parks and trails.
At full buildout, Nexton is expected to include approximately 8,500 single-family and multifamily residences, more than 700 acres of commercial space, 2,000 acres of parks and preserved land, and 15 miles of walking trails. The community is located within 30 minutes of more than 40,000 jobs, including Volvo U.S. Operations, Joint Base Charleston, Boeing, Trident Medical Center, and Charleston Southern University.
The project team includes Housing Studio as architect, Center Park Group as general contractor, S. Wilkins Interior Design overseeing interiors, and Seamon Whiteside providing civil engineering and landscape architecture services.
“We’re excited to be building in Nexton alongside Woodfield, a developer that has played a major role in shaping the Charleston region’s housing landscape,” said Jason Esposito, founder of Center Park Group. “This community represents the kind of residential product we believe the market needs more of, well-designed homes, built efficiently, in highly walkable locations that connect residents to jobs, retail, and everyday amenities.”
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About Woodfield Development
Woodfield Development is a premier developer and operator of Class A multifamily communities. Amongst its peer group, the Woodfield partnership has unmatched experience in multifamily development and asset management. Since its founding in 2005, Woodfield has completed 74 communities, has 16 communities under construction, and numerous projects in various stages of entitlement and design. Woodfield’s earliest developments were located predominantly in the southeast and Mid-Atlantic, but the company has since expanded its footprint to include markets in the Northeast, Florida, Tennessee, and Texas.
From the first project to each thereafter, the singular goal is to deliver well-conceived, thoughtfully designed, market supported projects that hit each market’s sweet spot and create value for Woodfield’s investors and partners. Relying on local knowledge with experienced development partners, Woodfield sets the new high bar with each development it delivers. With a track record that stands above, Woodfield Development sets out to assemble the best team of designers, consultants, architects, general contractors, and capital sources – every development, every time. Read more at woodfielddevelopment.net.
About PGIM
PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), is built on a 150-year legacy of strength, stability, and disciplined risk management through more than 30 market cycles. Managing $1.5 trillion2 in assets, PGIM offers clients deep expertise across public and private asset classes, delivering a diverse range of investment strategies and tailored solutions — including fixed income, equities, real estate and alternatives. With 1,400+ investment professionals across 41 offices in 20 countries, we serve retail and institutional clients worldwide. For more information, visit pgim.com.
1 As of December 31, 2025, net AUM is $139B and AUA is $50B. PGIM is the second largest real estate investment manager (out of 63 firms surveyed) in terms of global real estate assets under management based on Pensions & Investments’ “The Largest Real Estate Investment Managers” list published November 2025. This ranking represents AUM as of 6/30/25. Participation in the ranking is voluntary and no compensation is required to participate in the ranking.
2 As of December 31, 2025.