Category

Charleston SC

Demand is Strong for Office Space in Charleston

Demand is Strong for Office Space in Charleston

By | Charleston, Charleston SC, commercial construction, commercial development, commercial real estate, Commercial Space

The growth in the number of people who live and work in the Charleston area have increased demand for office space according to research done by Marcus & Millichap, a California-based commercial real estate brokerage and research company. New business headquarters and centers are interested in renting office space in Charleston as a result of increased employment and population gains in the Lowcountry.  Charleston increased total employment by 1.5 percent since last year with 5,200 new jobs created.  “The unemployment…

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Federal Regulators Approve Expansion of Charleston’s Waterfront Park

Federal Regulators Approve Expansion of Charleston’s Waterfront Park

By | Charleston SC, commercial construction, commercial development

Plans to extend Joe Riley Waterfront Park to the north and front of a luxury apartment building have been approved by federal regulators.  The “River Walk” project will expand by 400 feet of land along the Charleston Harbor and will be accessible to the public. The work to expand this project will begin in 2019 and is expected to be completed by 2021. The waterfront park is the “most visited” park in downtown Charleston, and will extend from the north…

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Revitalization of North Charleston’s South End Fall Short

Revitalization of North Charleston’s South End Fall Short

By | Charleston SC, commercial development

Revitalization of North Charleston’s South End continues to seem illusive with little progress and broken promises.  There is hope that the commercial corridors of Rivers and Reynolds Avenue will be revitalized, as well as the surrounding Chicora-Cherokee community, but it has been a long wait. Omar Muhammad, president of the nonprofit Lowcountry Alliance for Model Communities, sees great potential for this part of town.  “This area down here is really going to grow, just because of the port and the…

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Sgt. Jasper Apartments Finally Breaks Ground

Sgt. Jasper Apartments Finally Breaks Ground

By | Charleston SC, commercial construction, commercial development

Developers finally broke ground recently to build a 12-story 219-unit multifamily housing and commercial complex at the former Sergeant Jasper site on Broad Street in Charleston.   Construction of the multimillion-dollar buildings, called The Jasper, should be completed by 2020.  The Beach Co. is the developer of the upscale project near Colonial Lake. The large commercial building is one of the largest buildings the city’s Board of Architectural Review (BAR) has ever approved. The space will include 25,000 square feet of…

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Housing Development Plans Approved in Tri-County Area

Housing Development Plans Approved in Tri-County Area for up to 267,000 More People

By | Charleston SC, Construction

New housing development approvals will allow 105,000 new homes with the capacity to house 267,000 more people in the Charleston, Berkeley and Dorchester counties.  The ability to house new residents will push the number of people living in the tri-county area to over 1 million people. The Post & Courier examined the number of homes approved for new construction in the metropolitan area by gathering information from local governments and reviewing development agreements. The new housing construction will economically benefit the…

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South Carolina in Top Ten Most Popular Places for New Residents

South Carolina in Top Ten Most Popular Places for New Residents

By | Charleston SC, Economic Growth, SC

South Carolina continues to attract new residents and has remained in the top 10 most popular places in 2017 to move and settle.  The state ranks at number 7, a drop of two spots from the previous 12 months according to United Van Lines annual survey of inbound relocations. United Van Lines said that 57 percent of their customers in South Carolina are new residents putting it in the nation’s top destinations for those individuals looking for a new location…

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$66 Million Fix up Cost for Old Charleston Naval Hospital Stirs Up Debate

$66 Million Fix up Cost for Old Charleston Naval Hospital Stirs Up Debate

By | Charleston SC

Charleston County’s cost to fix up the former Charleston Naval Hospital continues to go up and become more complicated. Debate among county council members circles around renovating for up to $66 million, selling or demolishing the 10-story building. Charleston County acquired the property last year for $33 million after settling a large lawsuit with a development group with investors that included Donald Trump Jr.  The developers had bought the property from the city of North Charleston for $5 million and…

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Charleston and North Charleston Ranked Among Five Most Prosperous U.S. Cities

Charleston and North Charleston Ranked Among Five Most Prosperous U.S. Cities

By | Charleston SC, Economic Growth

Charleston and North Charleston are ranked among the top five most prosperous cities in the United States according to a recent study by California-based online apartment service RentCafe (rentcafe.com).  The study evaluated cities with at least 100,000 occupants and used six prosperity indicators between 2000 and 2016 to rank them.  These economic factors included changes in population, median household income, home values, higher education degree, poverty rate and unemployment over the time period. Charleston ranked at No. 3, just after…

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Volvo Cars Campus Fueling Speculative Development in Berkeley County

Volvo Cars Campus Fueling Speculative Development in Berkeley County

By | Charleston SC, commercial construction, Economic Growth, Industrial Property, SC

A Spartanburg developer is the latest firm to capitalize on the industrial growth expanding along the Interstate 26 corridor in Berkeley County.  The Upstate firm hopes to build one of Charleston’s largest distribution centers in the region. Johnson Development Associates has filed a permit application with the Army Corp of Engineers to fill 8.2 acres of wetlands at a 91-acre site in Jedburg.  The 829,000 square foot speculative building would be built on the eastbound side of I-26 near the…

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New Downtown Condominiums A Rare Development

New Downtown Gadsden Condominiums A Rare Development

By | Charleston SC, commercial development

The new condominium development near the South Carolina Aquarium is a rare project in new residences for the Charleston downtown region.  The construction of the new four-story Gadsden development is near completion, with 76 units to be available at Laurens and Concord Streets by the end of the year.  The $60 million development is one block from the waterfront at Gadsdenboro Park, and features one, two, and three-bedroom units.  The condominiums will start at the low $400,000 and go up…

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