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Carolina Services, Inc.

Former West Ashley School Renovated into Office Space

By | Commercial Space, Uncategorized

The former Albemarle School in West Ashley has been converted to 20 office spaces and is already fully leased.  Charleston attorney John Hagerty bought the 25,000 square foot property in 2015 for $1.4 million and immediately started a renovation for an additional $1.6 million.  The newly refurbished office building is now called the Schoolhouse. The Parks Conservancy has leased 4,000 square feet of office space, on the backside of the building, which is adjacent to the Parks Conservancy’s 3 1/2acre…

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Designing Workspace in a Technology Overloaded World

By | Commercial Space, Office Design

Most workers spend their days staring at a laptop screen, only briefly taking their eyes away from the screen to take a quick break. Careful planning can improve the aesthetics of the workspace, and improve the employee’s ability to engage with coworkers when it is time to break from the virtual world. Design spaces to help people connect When designing or renovating a new office, identifying how the space will be used by employees and what activities need to be…

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International E-Commerce Transforming Industrial Real Estate

By | commercial real estate, Industrial Property

Consumers these days are promised anything and expect everything when it comes to the seamless delivery of a product to their home. The supply chain from retailer to consumer follows an international web of retailers and logistics companies, with the goal of speeding up delivery of goods to the consumer.  The demand for urban warehouses and international distribution centers has transformed the industrial real estate market. E-commerce has led to a borderless, international marketplace with growing demand for Western-made products…

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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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U.S. Construction Spending Reaches Highest Level in 10 Years

By | Construction

U.S. construction spending rose to its highest level in 10 years, raising economic growth for the final quarter of 2016, according to the Commerce Department (census.gov/construction). Construction spending rose by 0.9 percent to $1.8 trillion, boosted by gains in both the public and private sector investments.  Overall construction spending was up by 4.1 percent from the previous year.  Construction spending in October 2016 was also strong with an increase of 0.6 percent, which prompted economists to raise their gross domestic…

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Cross Laminated Timber Transforming Building Industry

By | Construction

A Portland architectural firm will break ground this spring on a 12 story wood building using a new building product called cross laminated timber.  The building will be located in the city’s trendy Pearl District and will be the tallest all-wood building in the world constructed in a seismic zone. This new wood product is drawing a lot of attention from the construction industry. Proponents of cross laminated timber (CLT) say the panels made from this product are lighter and…

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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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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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“Live Work and Play” Office Space Popular with Prospective Tenants

By | Commercial Space

Office properties in central business districts (CBD) are outperforming those in typical single-use suburban office areas, according to recent trends examined by the NAIOP Research Foundation.  Well-designed mixed use infill projects near central business districts are attracting companies and young educated workers. Bakery Square near downtown Pittsburgh is an example of a successful mixed use redevelopment on six acres of a former Nabisco factory. Tenants of Bakery Square include Google, university medical staff, upscale retailers, and a hotel with a…

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