Category

commercial construction

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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Construction Boom Overwhelms Planning Agencies

By | commercial construction, Construction

The Charleston area is experiencing a construction boom across the tri-county area, with construction cranes and bulldozers being seen all over the Lowcountry.  New commercial, industrial, and residential buildings are being built in downtown Charleston, across the river in Mount Pleasant, and up the Interstate 26 corridor from North Charleston past the Summerville area.  The growth in building construction has led to a huge increase in workload for city planners. Municipal planning offices across the Lowcountry are reporting historically high…

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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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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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Downtown Historic Facility to Become Mixed-Use Development

Downtown Historic Storage Facility to Be Converted to New Mixed-Use Development

By | commercial construction, Commercial Space

A new mixed-use development is in the planning stages at the site of AAA Downtown Storage, a 294 unit storage business.  An Ohio developer and a local real estate investment firm have bought 12 parcels of land surrounding the historic storage facility at 44 Line Street for $8.7 million. The new development will extend to Sheppard, Meeting and Line streets and an old railroad line. The developers hope to build new apartments and businesses with open spaces, on the mid-peninsula…

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commercial construction

Charleston Office Market and Construction Activity Remains Strong in 2016

By | commercial construction, Commercial Space

The first quarter of 2016 started off steady after a very active, historic year for the Charleston office market.  2016 continues to record high rental rates, declining vacancies, and the strongest commercial construction activity in recent years, according to the Collier’s International “South Carolina Research and Forecast Report Q1 2016.” Vacancy Rates Show Steady Decline Vacancy rates remain steady at 7.8 percent in the local office market, down from 10.5 percent a year ago.  Leasing activity has been slow due…

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commercial real estate

Charleston City Council Weighs Temporary Commercial Real Estate Hotel Development Ban

By | commercial construction

Charleston City Council pulled a proposal from its recent meeting to place a temporary ban on downtown hotel projects recommended by new Charleston Mayor John Tecklenburg.  The Council called for a study instead by its city staff during the next 90 days about the commercial real estate matter, with a follow up report due to the Council discussing issues related to downtown development of new hotels. The Post and Courier wrote an extensive article about this issue a day ahead of the…

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church restoration

3 Things to Keep in Mind during Your Church Restoration Project

By | Church Restoration, commercial construction

Like any construction project, church restoration projects need to be carefully thought through in order to ensure the best possible, sustainable outcome for your space. Design and budget are often the first two concepts discussed when planning a church restoration project; however, there are other aspects that you will want to think through as well. How do leadership goals affect our church restoration project? There are several reasons why a church building may be in need of restoration: a need…

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commercial real estate maintenance

Save Money with Regular Commercial Real Estate Maintenance

By | commercial construction

Commercial real estate maintenance isn’t generally a topic that brings goosebumps to your skin. Talking about new building projects and innovative developments is often more exciting and interesting. But regular commercial real estate maintenance is essential to the health of your property and business. The old saying goes, “if it ain’t broke, don’t fix it.” There’s a lot of truth to that statement, but it is not the best advice to follow when considering maintaining commercial properties. Regular upkeep and…

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