Some would call it Not In My BackYard – Charleston style. Ahead of a Feb 6th hearing with the City of Charleston Planning Commission, opposition is mounting for the planned 9,000-acre Cainhoy development in suburban northeast Charleston just north of Daniel Island. Liz Segrest of The Charleston Regional Business Journal has the complete story.
Monthly Archives: January 2014
Traffic was up considerably last year at CHS, the busiest airport in SC. Thank you Southwest and JetBlue. Warren Wise of The Post and Courier has the story.
Though the jobs were announced previously, Boeing’s lease at 3875 Faber Place confirms it will house 200 IT workers there by the end of Q1 2014. Matt Tomsic of SCBizNews and The Charleston Regional Business Journal has the complete story and the IT sector’s impact on the local economy.
The high-end residential market in CHS has fully recovered as evidenced by the listing of a $19.5M condo in downtown CHS. Even with comps in NYC, this condo on the top floor of the People’s Building downtown is just a listing price, but evidence is solid that the local market for mult-million dollar homes has fully recovered. The Post and Courier’s Tyrone Richardson reports.
After kicking off Charleston’s newest suburban office environment, followed by the announcements of a couple of Marriott hotels, Nexton’s next focus will be residential development. The first phase is a JV with The Beach Cos. and MeadWestvaco for 320 luxury units called The Parks at Nexton, and with a total of 13,000 residential units planned, this really will be South Carolina’s NextTown. The Post and Courier’s Tyrone Richardson reports…
The Post and Courier reports that Forbes named Charleston a top place to retire in its annual survey for 2014. Other SC places named in the top 25 in the U.S. – Bluffton and Clemson.
The Charleston Regional Business Journal’s Ashley Barker reports that CHS county sold 31,200 more hotel room-nights in December than in December 2012, and as a result occupancy rose 11.4%. All the while, the daily rate rose 4.1% from the year prior. The CRBJ reports the county has now had year-over-year ADR increases for 36 consecutive months. County-wide, occupancy in 2013 was at 72%, the ADR at $128.83 and REVPAR at $93.92 according to the report from Smith Travel Research and released by the College of Charleston’s Office of Tourism Analysis and the Charleston Area Convention and Visitor’s Bureau.