Category

SC

South Carolina’s Annexation Laws Create Inequities

South Carolina’s Annexation Laws Create Inequities

By | SC

South Carolina’s annexation laws have prevented many cities from growing in an orderly fashion, even though urban areas are the driving force behind the state’s economy. In many cases the current annexation laws favor rural areas due to their longstanding domination in state politics, as well as support of property rights. A bill was introduced this year to reform the annexation laws, but did not go very far in the state legislature. The bill’s sponsor, State Representative Mandy Powers Norrell…

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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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Locals at Odds With State Authorities in Mount Pleasant

Locals at Odds With State Authorities About Home Rule in Mount Pleasant

By | Construction, Mount Pleasant, SC

Mount Pleasant residents were shocked when developers broke ground to build a new 269-unit apartment building off of Rifle Range Road.  The town’s residents had been packing Town Council meetings for two years to raise concerns about overdevelopment in Mount Pleasant, and felt they were being ignored.  Little did they know that the development had been approved eight years ago as part of the 2004 Vested Rights Act, which was passed by the State legislature to allow developments approved before…

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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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Economists Give Charleston Slow and Steady Forecast for 2018

Economists Give Charleston Slow and Steady Forecast for 2018

By | Charleston SC, Economic Growth, SC

Four economists gave South Carolina a good economic report for the coming year, stating the economy will continue to grow much like in 2017 at a “slow and steady” pace. University of South Carolina economist Joey Von Nessen said that “if you liked 2017, you’ll probably like 2018 as well,” at a meeting of local Charleston real estate professionals.  Charleston economist Stephen Slifer with NumberNomics gave an optimistic report of “better than ever” for the local region, and stated that…

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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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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 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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