New Charleston condominiums open with two-thirds of units sold
The 76-unit Gadsden condominiums
recently opened at Concord and Laurens streets on the Charleston
peninsula. Warren L. Wise/Staff
One of the few condominium projects to be built in the Charleston region in recent years is now open.
The $60 million, six-story Gadsden at Concord and Laurens streets near the Maritime Center on the Charleston peninsula features 76 units next to Gadsdenboro Park.
The one-, two- and three-bedroom units are priced from the low $400,000-range to $1.3 million.
Two-thirds of the units were sold before the first closing. Twenty-five residences remain available.
The structure features ground-level parking and a rooftop clubhouse, with fire pits and a pool.
Developer East West Partners of Colorado is handling sales through its East Bay Street office.
The company is no stranger to the region’s high-end condo market. Its most recent deal was the completion of the 54-unit Tides IV at the base of the Ravenel Bridge in Mount Pleasant. It was also behind the 49-unit One Vendue Range and the nearby City Gallery at Waterfront Park in downtown Charleston.
Land-use change
The
owner of a large chunk of undeveloped land along Clements Ferry Road in
Charleston is eyeing a land-use change from light industrial to general
business and diverse residential use.
An affiliate of Mount Pleasant McAlister Development
will ask the city Wednesday to rezone nearly 147 acres of the 233-acre
tract between Charleston Regional Parkway and Jack Primus Road near Gildan’s apparel distribution center in Berkeley County.
On the way
A new retail and office building is being proposed for West Ashley.
StudioMa Architecture firm founder Matteo Rappalini wants to construct a mixed-use structure with 2,523 square feet of office space, 1,800 square feet for a cafe and 1,196 square feet for an art gallery and workshop at 844 Magnolia Road. It will be called Frameworks Court. He currently operates at 842 Magnolia Road in a reworked former body shop.
First Courier Square mixed-use building in Charleston to open in 1Q
Buy NowConstruction continues on the 12-acre Courier Square mixed-used development near Midtown in Charleston. The project is slated to welcome its first residential tenants during the first quarter of the new year. Grace Beahm Alford/Staff
Peninsular Charleston’s booming apartment market will see a new arrival in early 2018.
The first phase of the 12-acre Courier Square mixed-used development at Columbus and Meeting streets is scheduled to welcome its first residential tenants during the first quarter.
The 2.8-acre site is being developed by Charleston-based apartment operator Greystar on land owned by Evening Post Industries, parent company of The Post and Courier.
The approximately $100 million project will feature 226 one- and two-bedroom multifamily units on eight floors surrounding a 650-space parking deck. It will also feature 70,000 square feet of office space and ground-floor retail space in 19,000 square feet along Meeting and Columbus streets.
The apartment part of the structure is called The Guild. Rental rates start at just under $2,000 a month and go to more than $8,000 for a top-floor penthouse, according to The Guild’s website.
Greystar, the largest apartment operator in the U.S., plans to move its headquarters and about 200 employees from Broad Street and other areas downtown into the building. That will probably take place during the second quarter of 2018, according to Ben Liebetrau, a senior director of development for Greystar.
Tenants for the retail space have not been nailed down.
“We have lots of letters of intent and propositions from possible tenants,” said David Ingle of commercial real estate firm NAI Charleston, which is handling retail leases for the property.
“Greystar wants to make sure the retail tenants fit with it as the main tenant, its clients and the apartment residents,” Ingle said. “It’s a specific niche we are trying to fill.”
The number of retail slots ultimately will be decided by tenants’ needs.
“We are leaving the space open and putting the walls up as needed,” Ingle said.
The first building in the 12-acre Courier Square project at Columbus and Meeting streets in Charleston will welcome its first new tenants in early 2018 in an apartment building called The Guild. Part of the former Bi-Lo grocery store can be seen on the left. Provided/NAI Charleston
The building will include parking spaces set aside for residents, retail tenants and employees of Greystar and Evening Post Industries.
Parking space is set aside for newspaper employees because it will be needed when work begins on Phase II of Courier Square between Line, King and St. Philip streets, where employees now park.
Courier Square is a multi-phase development that will take place over the next several years on parcels along upper King Street near the Crosstown Expressway.
“This project is extremely important to us,” Leibetrau said. “We are consolidating our entire global headquarters under one roof. Being the global leader in multifamily housing, we are thrilled to be moving up there and having the premier office space in all of Charleston.”
Ingle called Courier Square the crown of upper King Street.
“It will bookend the other end from where Charleston Place began,” he said. “It will be a game-changer for living, working and playing in the city with its relationship to the Low Line that we are in support of.”
The Lowcountry Low Line is a planned linear park on the former rail line, from Courtland Avenue on the upper peninsula to Woolfe Street in downtown Charleston. It runs beside the first Courier Square building
The Office, a high-rise luxury apartment building, located at 250 Piedmont Avenue NE Atlanta, GA in the heart of vibrant Downtown and minutes from Midtown, announces the release of its highly anticipated loft-style homes and penthouses.
Downtown Charleston’s first new condominium project in more than a decade is about to rise.
Site work has begun on the 76-unit Gadsden, a four-story complex over ground-level parking on the south end of Gadsdenboro Park at Laurens and Concord streets.
