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Mount Pleasant Leads the Way on Controversial Development Impact Fees

Mount Pleasant Leads the Way on Controversial Development Impact Fees

By | commercial development, Mount Pleasant

Mount Pleasant is “ground zero” for establishing development impact fees as a way to help pay for the rapid growth in the community. The town is under pressure to find ways to fund development related costs and is at the forefront in the state to establish the impact fees. Most of the counties and municipalities in the state including the three largest cities and Myrtle Beach do not have development impact fees to deal with infrastructure related costs. “Mount Pleasant…

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Volvo Commits to Doubling Investment in Berkeley County

Volvo Commits to Doubling Investment in Berkeley County

By | Economic Growth, Manufacturing, SC

Volvo Cars recently announced plans to double its investment in Berkeley County to more than $1 billion even before a single vehicle has been produced at its future manufacturing plant in Ridgeville. The new $500 million manufacturing plant is scheduled to open next summer with 2000 new employees.  The new investment will add an additional 2,500 new jobs to the area. “When we made the decision in early 2015 to build here, of course you make that kind of decision…

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Charleston Bows Out of Race for 50,000 Jobs

Charleston Bows Out of Race for 50,000 Jobs

By | Charleston SC, commercial development, Economic Growth, SC

South Carolina is a long shot to win the contract for a new Amazon headquarters in North America.  The state has no cities with at least 1 million people, no major international airport or highly developed mass transportation system to meet the logistic demands of Amazon.  Many states and cities are vying to have the opportunity to build the approximately 8 million square foot Amazon campus. Charleston has decided to sit out the race for 50,000 new high paying jobs,…

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The Challenge to Harness Solar Energy in Building Design

The Challenge to Harness Solar Energy in Building Design

By | Charleston SC, Construction, Green Construction, SC

Charleston has over 200 sunny days on average each year, and has the potential to store and harness solar energy as the primary source of power in new building design.  There are several building projects underway to make individual buildings “net zero” in South Carolina. These buildings are designed to produce as much energy as they take in each year. The Net Zero Energy Building is one design approach being used in South Carolina to build highly efficient buildings with…

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New Growth on West Coast of Florida Puts Millions at High Risk when Hurricanes Strike

New Growth on West Coast of Florida Puts Millions at High Risk when Hurricanes Strike

By | Construction

The building boom on the west coast of Florida, especially in the Tampa area, put many more people in potential danger once Hurricane Irma shifted to these areas, reports the Wall Street Journal.  Major development has occurred up the west coast during the last few decades in affluent areas in Naples and new subdivisions of middle class homes in Tampa Bay.  Many of these communities are built on filled-in marshland close to sea level and are vulnerable to storm surge…

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Summerville in Position to Experience Rapid Growth in Office Space

Summerville in Position to Experience Rapid Growth in Office Space

By | commercial construction, commercial development, Commercial Space, SC

Summerville is set to experience a rapid growth in office buildings in the Charleston region. The latest analysis from Colliers International Research and Forecast Report states there are several key factors which make the area ripe for growth in office space: The Summerville submarket has an established residential growth market. There is a large supply of residential land available in highly sought after public school districts, which will spur further residential growth. The area already has 2.5 million square feet…

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Charleston City Council Passes New Zoning Laws to Refine Building Heights and Design

Charleston City Council Passes New Zoning Laws to Refine Building Heights and Design

By | Charleston SC, commercial development

The Charleston City Council approved a new set of zoning rules to limit the recent trend in building heights and design that will help preserve the Southern architecture that is unique to the Holy City. Recent trends have led to larger developments across the city landscape, and even with height restrictions have led to more boxy and tall buildings. “You can look at new modern builds, such as the new development at the corner of King and Spring streets, that…

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Foreign Investors Buy $153 Billion Worth of US Homes

Foreign Investors Buy $153 Billion Worth of U.S. Homes

By | Uncategorized

Foreign investment in U.S. homes has surged to the highest level during the last year. Foreign buyers have snapped up $153 billion worth of U.S. residential properties which marks a 49 percent jump from 2015-2016, according to the National Association of Realtors.  Florida, Texas and California drew the most investments from foreign countries.  The huge jump in investment comes as a surprise after a recent slump and the current strength of the U.S. dollar against foreign currencies which makes the…

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Charleston Joins National What Works Cities Initiative

Charleston Joins National What Works Cities Initiative

By | Charleston SC

Charleston Mayor John Tecklenburg announced recently that the city would participate in the Bloomberg Philanthropies What Works Cities (WWC) initiative, as part of a large scale effort to help cities use data and evidence to make city government more effective in its decision-making process.  The city of Charleston is one of more than 200 cities in 48 states participating in the initiative.  Charleston will be able to work with WWC technical experts to build data bases that help it address…

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Summerville Development Boom on the Horizon

Summerville Development Boom on the Horizon

By | commercial development, Economic Growth

Summerville is becoming the place to be with more and more people establishing roots here, and development shifting from the center city of Charleston to the suburbs.  One in three multifamily units built in the last three years have been in such outlying areas as Summerville, Ladson and southwest Charleston. Colliers International’s  Research & Forecast Report  (Q4 2016) shows that Summerville is becoming a coveted region to live in. Since 2014, 936 new multifamily developments have been delivered, with 240…

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