Tyrone Richardson of The Post and Courier has an article on the resurgence of the Charleston condo market. While the article references Palmetto Place as a condo being converted from rentals, that development initially was a condo deal that failed and was converted to rentals and now the Florida buyer is selling the units (again). Seth Clark, our resident condo expert at Colliers, says the best barometer of a resurgence is new development, and we haven’t seen that yet, but we suspect we will by the end of 2014, first on the Peninsula, second infill sites, and third in the suburbs.
The Post and Courier’s Lauren Sausser has the story on the opening of the new $30M Nursing and Science Building at Trident Technical College in North Charleston, allowing the school to increase its enrollment from 650 to 1,000, and still with a waiting list for one of the largest demanding jobs for the next two decades.
Warren Wise of The Post and Courier has a story on an engineering firm that works alongside Boeing and its 787 DreamLiner design and is expanding in North CHS.
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.
Abigail Darlington of The Post and Courier provides a quick update on the dying Citadel Mall and other retail/retailer news.
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 Post and Courier’s Abigail Darlington reports the transfer of the unrelated properties back to their respective lenders was finalized today.
Mixson is a mixed-use development in North Charleston from Atlanta-based Jamestown Properties that continues to take shape, including 268 apartment units nearing completion. The Post and Courier’s Tyrone Richardson reports.
The Post and Courier’s Abigail Darlington reports that Hibbett Sporting Goods, the Birmingham-based retailer, has announced it will open its first CHS area store