Charleston SC Archives - Page 2 of 5

May 31

Urban Land Institute Looks to Revitalize North Charleston Rivers Avenue Corridor

By Carolina Services Charleston SC

A recent study by the Urban Land Institute proposed an ambitious plan to revitalize the blighted North Charleston Rivers Avenue corridor with affordable housing, private development, walkable streets, and community services. The study’s main recommendations agree with recent Charleston County Council plans to recommend the demolishment of the former Charleston Naval Hospital at an estimated cost of $6 million. Recently the Charleston County Council received a proposal from a potential buyer, so plans to demolish the Naval Hospital are on…

Mar 27

Vacancy Rates Go Up with New Construction of Office Buildings

By Carolina Services Charleston SC, commercial construction, Commercial Space, Construction, Economic Growth, Uncategorized

As demand for new construction continues to grow in the Charleston market, vacancy rates continue to rise according to Colliers International Research & Forecast Q4 2018 Report. The expectation is that the vacancy rate will continue this trend into the first few quarters of 2019. This vacancy rate is on the rise primarily due to 11 new office buildings delivered in 2018 that totaled 433,024 square feet of new construction. The Charleston office market has a total of 13,185,388 square…

Mar 13

New Waterfront Mixed-Use Development on Daniel Island Planned

By Carolina Services Charleston SC, Construction, Design

A new 22-acre development on Daniel Island has been proposed to be built in phases along the waterfront. River Landing Village will be built at the end of River Landing Drive and Pier View Street and will be a mixed- use development to include 300 condominiums and townhomes, two new public-access piers, and commercial retail space and restaurants along the Wando River. East West Partners, a Colorado real estate company that specializes in upscale residential developments (Denver, Vail Valley and…

Feb 28

$325 Million Mount Pleasant Development Rises on Charleston Harbor

By Carolina Services Charleston SC, commercial construction, commercial development, Construction, Economic Growth, Mount Pleasant, Tourism, Uncategorized

The East Cooper side of Charleston Harbor will soon see the development of an 18-acre parcel that will furnish 1 million square feet of office space, retail, hospitality, and residential space. The Ferry Wharf development, with views across the harbor of downtown Charleston, is being developed by Bennet Hospitality of Charleston and Atlanta-based Holder Properties. The development is already under construction with a five-story 120,000 square foot office building called Portside. The office building is already 45 percent preleased to…

Jan 08

Demand is Strong for Office Space in Charleston

By Carolina Services 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…

Dec 18

Federal Regulators Approve Expansion of Charleston’s Waterfront Park

By Carolina Services 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…

Dec 11

Revitalization of North Charleston’s South End Fall Short

By Carolina Services 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…

Oct 17

Sgt. Jasper Apartments Finally Breaks Ground

By Carolina Services 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…

Aug 15

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

By Carolina Services 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…

Jul 30

South Carolina in Top Ten Most Popular Places for New Residents

By Carolina Services 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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