Monthly Archives: October 2014
APAC Customer Services, at 4275 Bridge View Drive in N CHS, is hiring 200 full-time team leader and customer service representatives for one of its health care business clients. John McDermott of The Post and Courier has the announcement.
Vineyard Vines, the upscale preppy clothier will open a store later this month at 275 King Street, where Biton once was near Wentworth Street. Abigail Darlington of The Post and Courier has the announcement.
Second only to Florence, Italy, Charleston was ranked #2 in its annual Readers’ Choice Awards, again placing the Holy City in yet another publication’s top awards. In 2012, Conde Nast readers named CHS #1 in the world, falling back to #5 in 2013 (but still tops in the U.S.) and #2 this year. See the link from WCSC Live 5 News. Other cities in the top 25 included Budapest (#3), Cape Town (#4), Prague (#6), Rome (#7), Barcelona (#9), Sydney (#19), and San Francisco (#20). The only other U.S. cities on the list included Chicago (#23), New Orleans (#17), and Santa Fe (#10). The full list from Conde Nast Traveler is here.
In yet another landmark transaction in CHS, JPMorgan Chase investment fund has paid a whopping $64M for the 200-unit Elan at Midtown that Greystar teamed up with Prudential to build in 2013. That is a Charleston record price of $320,000 per unit, or a cap rate in the mid-5’s according to sources. John McDermott of The Post and Courier has the announcement.
East West Partners announced three new condominium projects in CHS, the first being the 4th tower/phase of The Tides in Mount Pleasant at the base of the Ravenel Bridge. It will have 55 units in a 7-story structure over parking with prices from $500k to $2M; pre-sales start in December. And in 2015, they expect to also announce two other projects, totaling $100M, on the Peninsula. Warren Wise of The Post and Courier has the article.
The Atlanta developer is mum on the subject, but it appears a Wal-Mart Neighborhood Market might be coming to a site on Palmetto Bay Road at the south end of the island. That location would be just west of the dark Food Lion center and the Publix center, and the new Harris Teeter, and the Bi-Lo on Pope Avenue. And the WMNC would be the 13th grocery store on the island – with about 40,000 permanent residents, plus another half dozen in Bluffton. Dan Burley of The Island Packet has the update.
Wyman-Gordon, a subsidiary of Fortune 500 company Precision Castparts Corp., will build a new factory on a 60-acre site on I-95 near Florence, SC, to be close to their customer base (that might be Boeing!) and SC’s growing aerospace industry. The plant is expected to open in 2015 and will eventually employ some 400 persons. Warren Wise of The Post and Courier has the announcement.
Garuda Indonesia Airlines has ordered 50 Boeing 737MAX airliners. That now makes 2,295 jets for 47 customers worldwide on order for the plane, engine parts of which will be made beginning in 2015 at a new plant currently under construction in Palmetto Commerce Park in North Charleston. Warren Wise of The Post and Courier has the article.
The Food Lion at Hwy 61 and Sycamore Avenue in West Ashley was purchased by a local investor, Gramling Brothers, which plans to update the center and possibly/eventually add a much-needed anchor, maybe even a grocer, in this “food desert”. Food Lion closed the store about three years ago, but still leases the space. Abigail Darlington of The Post and Courier has the story.
Our buddies at Southeast Real Estate Business had the scoop on a new apartment development in Charleston with the Kalikow Group and EYC teaming up for The Apartments at Shade Tree, a 248-unit master-planned development on Johns Island that will deliver the first multi-family development on Johns Island since 2005. No link.