Blog Archives

$1 Billion in Downtown CHS Projects in The Works

The Post and Courier and Warren Wise have a story about the substantial amount of new developments underway and planned in downtown CHS, from housing to retail, hotels, restaurants, office space, College of Charleston and government projects and so on. Amazing. And it is not just talk; it is happening before our very eyes.

Transforming an old inn into The Vendue

Downtown CHS’ former Vendue Inn is being transformed into The Vendue, an art-centered boutique hotel. Abigail Darlington of The Post and Courier has the story.

CHS Hotel Market Update – $400/night? Yep!

John McDermott of The Post and Courier provides a story on the CHS hospitality market and the “jewel of the Southeast”, along with talk of a $400/night hotel downtown and, one day, maybe even a St. Regis of a Ritz-Carlton.

400 Meeting Street Sold in Downtown CHS

In a post first reported at CharlestonCREblog last week, The Post and Courier reports the new student housing development at 400 Meeting Street sold at the wild price of $18.4M, or nearly $450,000 per unit and $115,000 per bedroom. That works out to a sub-6% cap on the year 1 proforma income. Tryone Richardson of The Post and Courier has the story.

Southend Brewery Building Downtown Sold

The Southend Brewery, at 161 E. Bay Street, sold to a NJ-based firm at a price of $5.5M, or about $337/sf. The Post and Courier has the story here.

Groundbreaking For Grand Bohemian Hotel in Downtown CHS

The Grand Bohemian, a 50-room boutique hotel in downtown Charleston, had its groundbreaking recently. Our friends at SCRENEWS have the story.

High End Residential Market in CHS Beyond Recovered

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.

Upper King Street Spawning Charleston’s Midtown

An article by Abigail Darlington of The Post and Courier on how Upper King Street is maturing into “Charleston’s first true Midtown”.

Update on King Street Retail in Downtown Charleston

The Post and Courier’s Abigail Darlington offers an update on King Street retail/retailers.