Simpson Housing Opens Brooking Square Apartments and Townhomes in Charleston's Point Hope Community

Simpson Housing has opened Brooking Square Apartments and Townhomes, a 348-unit luxury multifamily community situated within the Point Hope master-planned development on the Cainhoy Peninsula in Charleston, South Carolina. The property, located along Clements Ferry Road at the Waterline within Point Hope, is now in active lease-up, adding Class A rental inventory to a suburban growth corridor that has been absorbing new supply amid elevated vacancy and moderating rent growth across the Charleston metro.

Property Overview and Unit Mix

Brooking Square is a four-story community offering a mix of one-, two-, and three-bedroom apartments and townhomes. The development was built by Simpson Housing, which operates under Simpson Property Group, and is positioned at the upper end of the Cainhoy Peninsula rental market. Starting rents are listed at $2,075 per month for one-bedroom units and $2,915 per month for two-bedroom units — above the Charleston metro-wide average effective rent of approximately $1,798 per unit as of the first quarter of 2026.

The property's interior finish package is consistent with Class A suburban multifamily product. Residences feature gourmet kitchens with quartz countertops and designer tile backsplash, stainless steel French door refrigerators, spa-styled baths, upgraded modular walk-in closets, luxury vinyl plank flooring throughout, and smart home features.

Amenities and Community Programming

Brooking Square's amenity program includes a resort-style saltwater pool, pickleball courts with covered seating, outdoor lounges, an activity lawn, and a fitness club equipped with Technogym equipment. The property also offers a business lounge designed for remote work, a dog park, and a pet spa. Community marketing emphasizes proximity to trails, bike paths, parks, playgrounds, and schools within Point Hope, positioning the asset toward family and lifestyle-driven demand.

A short drive connects residents to the beaches of Sullivan's Island and Isle of Palms, the dining and retail offerings of Mount Pleasant, Credit One Stadium, and historic downtown Charleston.

Location and Market Context

The Cainhoy Peninsula has emerged as one of the Charleston metro's active suburban growth corridors, drawing residential development tied in part to commuter access to downtown Charleston via Highway 17 and Interstate 526, as well as proximity to medical campuses and industrial and logistics employers along the Clements Ferry Road and I-526 corridor. Brooking Square's lease-up launch comes as the broader Charleston multifamily market contends with elevated vacancy and moderating rent growth following a period of significant new supply delivery.

The property will be classified as lease-up inventory until it reaches at least 85% occupancy under standard industry definitions. No occupancy rate, achieved rent, or concession data specific to Brooking Square has been reported at this stage of lease-up.

Corporate Context: Simpson Housing Under New Ownership

Brooking Square's opening follows a significant ownership transition for Simpson Housing. In March 2026, Domain Capital Group announced the acquisition of Simpson Housing from The State of Michigan Retirement Systems. Simpson Housing has continued to operate under its existing brand and leadership following the transaction.

Brooking Square is part of Simpson Housing's broader development activity in the Charleston area. The firm has also referenced The Henslow as another Charleston-area community in its portfolio. Simpson Housing's corporate communications have highlighted two of its communities earning 2026 Grace Hill Excellence 95% Club honors.

Prospective residents can view current pricing, availability, and floor plans through Simpson Housing's leasing website.