CHS’ only significant condo building, Tides IV, in Mount Pleasant, has been topped out and the $50M project will soon begin on interior buildouts. Prices range from $430k to $2.25M; 25 of the 54 units are sold. Jim Parker of The Post and Courier has the article here.
East-West Partners has broken ground on Tides IV, the 54-unit luxury condo building at the foot of the Ravenel Bridge in Mount Pleasant. 13 of the units have been pre-sold at a reported average price of $930k including a penthouse at $2.2M. Warren Wise of The Post and Courier has the brief story.
Condos – they’re back! The fourth condo tower at The Tides in Mount Pleasant is set to start construction next month with seven stories and 54 units, priced from $500k to $2M. The units would be delivered in early 2016. Developer East West Partners has secured financing after a reported 13 units have fetched prices averaging $930k – and pre-sales started in just December. The existing three Tides buildings overlooking the Wando River contain 120 units. Warren Wise of The Post and Courier has the story.
From pending foreclosure in 2012 to proposed new construction in 2014! A fourth condo tower is in the permitting stages with the town of Mt. Pleasant, after East West Partners and money partner Chicago-based Charleston Harbor Holdings bought the note from Bank of America in 2012 and has since sold most of the units they bought and at considerably higher prices – from $500k in 2012 to $800k average in 2013 and $950k average thus far in 2014. An amazing transformation of the ownership, the HOA, the property, and the market. Globenewswire.com has the story.
While a long way from building, I suspect, (marketing, pre-sales, construction financing, etc.), the owners of a pad for the fourth condo tower at The Tides in Mt. Pleasant has submitted plans to the town to add 55 more residences to the development. Tyrone Richardson of The Post and Courier has the complete story.