Category

Charleston SC

Charleston Surpasses Columbia as Largest City in South Carolina

Charleston Surpasses Columbia as Largest City in South Carolina

By | Charleston SC, Economic Growth, SC

The population boom and rapid growth has enabled Charleston to reclaim the number one spot for largest city in South Carolina. Columbia ranked in the number two spot, while Greenville gained recognition as the fastest growing city in the nation east of Texas. Charleston just inched past Columbia for the number one ranking, with 76 more people than Columbia.  The city has an estimated population of 134,385 as of mid-2016. Ten of the fifteen fastest growing cities are located in…

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State Legislature Considers Tax Breaks for Businesses Investing in I-95 Low Income Corridor

By | Charleston SC, commercial development, SC

Legislation has been introduced for a second year by Orangeburg lawmakers to try to give tax breaks to businesses that use the Port of Charleston, and develop facilities within rural areas close to interstates 26 and 95 interchange. The “Port Enhancement Zone Act,” was sponsored by Senator John Matthews (D-Bowman).  The legislation would allow distribution centers and warehouses built in low-income rural areas to claim a $1,000 tax credit for each job created as a result of this development. The…

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USC Economists Predict Steady Economic Growth for Charleston in 2017

By | Charleston SC, Construction, Economic Growth

Construction projects in Charleston, Myrtle Beach and Hilton Head Island continue to spur South Carolina’s economic growth. The boost in construction has led to an increase in jobs and demand for housing as a result of building efforts and will continue into 2017, according to economists who spoke at the 36th Annual Outlook Conference held at the University of South Carolina (USC). Doug Woodward, professor of economics and director of the division of research at USC’s Darla Moore School of…

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Firm Selected for West Ashley Master Plan Rejected by City Council

By | Charleston SC, commercial development, Uncategorized

Charleston City Council voted down the contract with the firm selected to develop the West Ashley Master Plan in late December. Dover Kohl was the planning firm selected by the West Ashley Revitalization Commission, and presented to the City Council as the top pick of a dozen bidders for the project. The selection committee includes three council members and five city employers.  Dover Kohl is known locally for its involvement in the development of the I’On Development in Mount Pleasant. …

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New Construction Booming Along 526 Corridor

By | Charleston SC, commercial construction

Office building construction is booming along the Interstate 526 corridor, which connects Mount Pleasant to West Ashley. There are a total of 18 buildings that are immediately accessible to the interstate located on Daniel Island and North Charleston. These two areas have seen the most development, the lowest vacancies, and the shortest leasing period when a new building is completed, according to the 2016 third quarter “Colliers International Research & Forecast Report” on office buildings in the Charleston region. The…

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harleston Metro Area Anticipates Strong Job Growth

Charleston Metro Area Anticipates Strong Job Growth

By | Charleston SC, Economic Growth

The Charleston job market is among the strongest in the nation heading into the final quarter of the 2016, according to a survey conducted by human resources consulting firm ManpowerGroup (manpowergroup.us).  Nearly a third of employers plan to hire more employees this quarter, while just 4 percent say they will be reducing their staff. The Charleston metropolitan area ranks number sixth best among the nation’s 100 largest metro areas for job growth. The survey results indicate employers are still confident…

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Charleston South Carolina Economy

Charleston Ranks as the Fastest Growing Economy in South Carolina

By | Charleston SC, Economic Growth

Charleston metropolitan area economy is the fastest growing in the state of South Carolina, according to a 2015 federal report from the Bureau of Economic Analysis (bea.gov).  The tri-county area of Charleston, Berkeley and Dorchester counties had an increase of 14.8 percent in its gross domestic product (GDP)during the last five years (2010 to 2015). The Charleston region grew faster than Greenville, which had a 10.2 percent increase during the same time period. The Post & Courier (postandcourier.com) reported on…

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Plans for Redevelopment of West Ashley Gain Traction

By | Charleston SC, commercial development

West Ashley’s hopes to redevelopment along the Sam Rittenberg Boulevard corridor may be gaining some traction. The Post & Courier reports that the Charleston City Council has plans in September to approve a special tax district to raise as much as $69 million for road work, drainage and other improvements along the Sam Rittenberg Boulevard corridor. The Council also plans to appoint members of a new West Ashley Revitalization Commission to provide input into future development plans. Councilman Bill Moody, who represents…

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Influx to Charleston Spurs Multifamily Development

Influx of Millennials and Empty Nesters to Charleston Spur Multifamily Development

By | Charleston SC, commercial construction, Economic Growth

The growing population in Charleston, Berkeley and Dorchester counties has resulted in these areas becoming one of the fastest growing regions in the country. The growth in employment opportunities and the high quality of life continues to attract an average of 35 new residents a day to the Charleston metropolitan area, according to a recent report by Colliers International. More than 200,000 people have moved here since the year 2000, as job opportunities have grown by 28 percent during this…

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Mixed Use project planned in Charleston, SC

Massive Undertaking for $1 Billion Mixed Use Development on Upper Peninsula

By | Charleston SC, commercial construction

Developers of a $1 billion mixed use project announced in May on Laurel Island, just off Charleston’s upper peninsula, are seeking input from the community on its plans to develop the 160 acre site. The Lorelei project is at the end of Romney Street and calls for retail, waterfront restaurants, hotel, office space, upscale apartments, and a gourmet food hall and an entertainment venue on the water.  The project developers envision a walkable community and plan to include gathering spaces,…

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