According to a staff report from the Charleston Regional Business Journal, some modest renovations at the North Charleston terminal, totaling a little over $600k, will help the SC Ports Authority to build a 4th crane, some re-paving, electrical work, and demolishing some old rail tracks on the site.
On a related note, SPA handled 1.56M TEUs fiscal year-to-date, up 13.9% from the same period in 2014, and containers volume for April was up 12% from a year ago while the Inland Port in Greer in the Upstate had its highest-ever monthly rail moves.
The CHS Regional Business Journal reports another 22k SF has been leased at the Cigar Factory, the renovation of the iconic 244k SF 5-story development near the base of the Ravenel Bridge on East Bay Street. The latest tenants – Afaxys Pharmaceuticals, The Palmetto Group, Patterson Real Estate Advisory Group, PlanSource, SolBright, The Shopping Center Group, SnapCap and Shed Brand Innovation, will join Garden & Gun magazine, Midland Mortgage Corp., Strategic Risk Solutions, and a restaurant concept from The Indigo Road group.
The PGA Championship is coming back to Kiawah’s Ocean Course in 2021. It had an estimated economic impact of $193M on the region for the same tournament in 2012. And, yes, traffic improvements to get visitors in and out are planned. Ashley Heffernan of The Charleston Business Journal has the story.
The Ralph H. Johnson VA Medical Center downtown plans to build a nearly $10M parking deck in two phases that will add about 1k new parking spaces for patients, employees and visitors to the hospital. That will help alleviate parking pressures around the medical complex as the VA now leases land on a lot near Porter-Gaud and Folly Road off the Peninsula for about 600 spaces on a site where they have contracted for a shuttle service for parkers. Ashley Hefferman of The Charleston Regional Business Journal has the story.
CPM Federal Credit Union paid $825k for a .7-acre site to build a 3,400 SF for a full-service branch at Nexton in Summerville. Ashley Hefferman of The Charleston Business Journal has the announcement.
The city council of N CHS and Weber USA Corp. have agreed to build a road that will link Palmetto Commerce Park to Patriot Boulevard. The road was part of the development and presumably access for the new Sprinter Vans assembly plant that Mercedes announced on March 6. Ashley Heffernan of The CHS Regional Business Journal has the story.
Ashley Heffernan of The CHS Regional Business Journal provides an overview of apartment development and its growth spurred by Millenials (born after 1980) that are creating a significant demand generator for rentals and how they are designed. Not your father’s apartments…
In a game-changer for a rather blighted area of N CHS, the city will buy a 24-acre parcel at Rivers Avenue and Mall Drive and donate it to the Medical University of South Carolina so MUSC can build its $40M pediatric medical campus on the site. Ashley Heffernan of The CHS Regional Business Journal has the story.
According to the Charleston Regional Business Journal, Comact Equipment US Inc plans to expand its manufacturing facility in far north Dorchester County neary I-26 and I-95. It will add about 60 jobs in the expansion. Comact makes equipment used in sawmills.
SnapCap, a start-up business loan firm, will double its workforce (to 20 persons) and take about 3,200 SF of office space at the newly renovated Cigar Factory on the Peninsula. Liz Segrist of the Charleston Regional Business Journal has the announcement and the story on the new business.