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commercial development Archives - Carolina Services Inc

Sep 16
hiring a commercial construction company

3 Questions to Ask When Hiring a Commercial Construction Company

By commercial construction

Whether you are an existing company doing a remodel of your space or a new tenant doing a build-out, you have a lot of things to consider when hiring a commercial construction company. Commercial construction has a few similarities to residential construction, but there are also many differences and potential complications for your business. If you’re planning on outsourcing your commercial construction needs, there are 3 questions you should ask to make sure you are choosing the right company.  1….

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Jul 16
two warehouse workers discussing supply shortages

Supply Shortages? You Can Still Completing Office Renovations

By Construction, Space Planning

Now that much of the country is getting back to in-person work after the COVID-19 pandemic, a growing number of companies are looking to make changes to their office spaces. Some companies have chosen to update their spaces, and others have decided that a full renovation is in order.  But there are new challenges in place for the commercial construction and renovation sector that could impact these plans. So far this year, we’ve seen volatile pricing for materials, an uncertain…

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Sep 10
Multiple Downtown King Street Properties Sold for $24.5 Million

Multiple Downtown King Street Properties Sold for $24.5 Million

By Charleston SC, commercial real estate, SC

A real estate transaction valued at $24.5 million recently closed, combining ten King Street properties and six sellers. The King Street deal included the sale of a large downtown parking lot and two historic buildings in the city’s robust shopping corridor. The sale took over 18 months to close and is one of the most significant deals on King Street. About the Transaction Charleston Commercial and GS Acquisitions completed the final real estate deal. Included were two historic structures on…

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Jan 08
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 area has increased demand for office space  in Charleston 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 Employment and Vacancy Rates  Charleston increased total employment by 1.5 percent since last year with…

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Nov 13
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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Oct 17
Sgt. Jasper Apartments Finally Breaks Ground

Sergeant JasperApartments 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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Aug 30
Big Changes Ahead for Multifamily Housing

Big Changes Ahead for Multifamily Housing

By commercial construction, commercial development, commercial real estate

At a recent conference on multifamily development, BMC Investment CEO Matt Joblon predicted big changes in the multifamily housing market during the next two decades. He said “co-living is a real possibility where people are sharing kitchens and common areas and just having bedrooms.  I think that will evolve.  Things will get smaller and tighter, and it will be more about the experience.” The Future of Multifamily Housing He compared this trend to Facebook where people are looking for a…

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Apr 16
Development of Popular NoMo Area May Be Victim of Own Success

Development of Popular NoMo Area May Be Victim of Own Success

By commercial development

A local developer of upper peninsula hot spot NoMo (North Morrison) says the area is getting too popular and expensive.  Developer Stephen Zoukis responded recently to the sale of a 7.2 acre site at 838 Morrison Drive for $9.1 million to a local Mount Pleasant investment firm, and the announcement by the International Longshoremen’s Association (ILA) to sell their property for a likely higher price. How High Prices Impact Development Mr. Zoukis told the Post & Courier that “I used…

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Mar 29
New Downtown Condominiums A Rare Development

New Downtown Gadsden Condominium A Rare Development

By Charleston SC, commercial development

The new condominium development near the South Carolina Aquarium is a rare project in new residences for the Charleston downtown region.  The construction of the new four-story Gadsden development is near completion. By the end of the year, 76 units will be available at Laurens and Concord Streets.  The $60 million development is one block from the waterfront at Gadsdenboro Park, and features one, two, and three-bedroom units.  The condominiums will start at the low $400,000 and go up to…

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Feb 28
Mixed-use Development Spurs Growth in New Retail Stores

Mixed-use Development Spurs Growth in New Retail Stores

By commercial development

Some developers are building more stores, despite the recent glut in retail space.  Instead of building them in malls, they are developing smaller clusters of retail space in new housing developments, called mixed-use developments. Many young people, as well as retirees, are looking for cheaper housing in the suburbs. Mixed-use offers an urban vibe and access to restaurants, shopping, and offices. These projects are usually joint ventures between a residential developer and a commercial developer who specializes in retail.  The…

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