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commercial development

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Energy Efficiency in Commercial Construction

By | commercial development

Most businesses today want to save money in any way possible, as well as be socially responsible. They achieve both goals by choosing a building that is energy efficient. While some efficiencies can be achieved with modifications, the most effective ones will come from the design and construction phases.  Interestingly, some areas of the country are more successful at this approach than others. So, how can you get the most energy-efficient performance out of your next commercial construction project? Commercial…

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remodeling

Remodeling – What You Need to Know

By | commercial development

Whether you are a property manager that wants to modernize your space or a tenant that needs to complete a build-out to add the customized features you need for your business, commercial remodeling projects can be complex. Many owners and tenants aren’t sure what to expect when approaching one of these projects, so having the right information on hand in advance can make planning and dealing with the process more seamless.  The Difference Between Remodeling and Renovation If you’re looking…

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Improve Your Bottom Line with Safe Budget Cuts

By | commercial development

Businesses operating in the for-profit sector rely on profits for growth and survival. Profitability, or optimizing the bottom line, is essential to expanding operations, securing financing, attracting investors, retaining a quality workforce, buying inventory and remaining competitive. Indeed, for all organizations large and small, controlling expenses, including office expenses, is both prudent and necessary. As Sam Walton said, “Control your expenses better than your competition. This is where you can always find the competitive advantage.” Ideas to Improve Your Bottom…

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New Tax Law Opportunity Zones Promote Investment in Economically Distressed Areas

New Tax Law Opportunity Zones Promote Investment in Economically Distressed Areas

By | commercial development, commercial real estate, Economic Growth

The new tax law passed in 2018 provides commercial real estate investment opportunities with the establishment of new regulations that permit Opportunity Zones.  South Carolina Senator Tim Scott and U.S. Representative Ron Kind (D-WI) were promoters of the concept and helped push through the legislation which gained bipartisan support from both Houses of Congress.  The Opportunity Zones were created as part of the 2017 Tax Cuts and Jobs Act to promote investment in regions of the country that were struggling…

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$325 Million Mount Pleasant Development Rises on Charleston Harbor

$325 Million Mount Pleasant Development Rises on Charleston Harbor

By | 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…

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Demand is Strong for Office Space in Charleston

Demand is Strong for Office Space in Charleston

By | 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…

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Federal Regulators Approve Expansion of Charleston’s Waterfront Park

Federal Regulators Approve Expansion of Charleston’s Waterfront Park

By | 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…

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Revitalization of North Charleston’s South End Fall Short

Revitalization of North Charleston’s South End Fall Short

By | 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…

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Efforts Underway to Preserve Beidler Forest as Development Encroaches

Efforts Underway to Preserve Beidler Forest as Development Encroaches

By | commercial development, SC

The Audubon Society’s Francis Beidler Forest is an 18,500-acre bird and wildlife sanctuary located in upper Dorchester County.  The sanctuary is not a place you would find by accident since it is located off  a two-lane country road in Harleyville. New industries and residential neighborhoods are beginning to encroach on the edges of the Beidler Forest and the 45,000-acre Four Holes Swamp as new roads and development go up all around it. “This has always been a very rural part…

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Sgt. Jasper Apartments Finally Breaks Ground

Sgt. Jasper Apartments Finally Breaks Ground

By | 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…

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