Rex Riley of Clement, Crawford & Thornhill, Inc., represented the tenant, Spartina449, for the lease of retail space at 300 King Street. Spartina449, is a women’s handbag and accessories company out of Hilton Head Island. The store opened on Saturday, February 18th.
Miles Martschink, CCIM, of Clement, Crawford & Thornhill, Inc., represented Lee-Walpole, LLC, in the $ 900,000.00 sale of 4.37 acres at 3291 Maybank Highway.
The Buyer, Sievers Construction Company, Inc., was represented by Mark Mizell, CCIM of Birchin Lane Realty Advisors.
Midtown continues to draw new businesses proving the appeal of this once ignored section of downtown Charleston. We are excited to welcome the french-inspired, Felix Cafe, planning to open in early 2017 at 550 King Street. Thanks go to Warren Wise of The Post and Courier for providing the story.
Charleston came together to celebrate the swearing in of Mayor, John Tecklenburg.
In another nod to the reemergence of the NoMo area of the Charleston peninsula, CC&T Real Estate recently refurbished a two-story vacant building on Brigade Street that is now fully occupied.
The former red-brick, mostly walled-in Omniflex building at 100 Brigade St. is now home to Linden Construction Co. on the first floor and Highsmith Insurance on the second floor.
Linden moved from Daniel Island to be closer to several downtown building projects, and Highsmith left the Seabreeze Building near the State Ports Authority’s Columbus Street Terminal because it needed more room, according to Stuart Coleman with CC&T. Coleman, Robert Clement and other investors bought the building in March for $1.25 million. Over about five months, they put about $500,000 in improvements into the structure after gutting it, adding more windows and changing the outside color to a lime-washed white brick.
“It was an ugly red-brick building with few windows,” Coleman said. It now sports an awning, new front and a side entrance to the upstairs building that once housed an accounting firm a few years back.
Goff D’Antonio Associates served as the architect.
“As we started construction, we had calls twice a week for months asking for space until word got out that it was all leased already,” Coleman said. “It used to be dead up here. It’s been great to see it come back to life.”
Across the street from the site is Indigo Market, a new gift retailer that opened in October. Butcher & Bee is building a new site at the corner of Brigade Street and Morrison Drive near Edmund’s Oast.
About a block away on Brigade Street, plans for a new 275-unit apartment complex have been submitted to the city in a first phase of development by White Point Partners of Charlotte. The second phase could offer an equal number of units on the 15-acre former industrial tract.
Not far away, White Point Partners bought the buildings that house Charleston Coffee Roasters, Palmetto Brewery and Brooks Signs in September for $7.8 million through an arm called Huger Street Holdings LLC. The company plans to build at least 200 apartments on the site, while keeping the main buildings for retail or restaurant use, according to Ryan Hanks, a partner in the firm. Hanks said the area is becoming more popular because it has available land and the city supports higher-density development and taller buildings in that area. “We think that’s where you will continue to see Charleston grow,” he said. “It’s currently a low-density, more industrial area. I think you will see a lot of different uses coming to that area.”
Congratulations to our friend and colleague, John Tecklenburg, on his win in the City of Charleston’s Mayoral election!
John will replace Mayor Joe Riley, whom held office for 40 years and ten terms. All of us at Clement, Crawford & Thornhill, where John has practiced commercial real estate for over fourteen years are confident John will make an exceptional Mayor of the City of Charleston. We are proud to know John, and look forward to working with him in his new position to help further his vision to put our quality of life first.
“As mayor, I will work every day to make our city more livable, our government more responsive and our municipal services more professional. I will ensure that all areas of the city — West Ashley, James Island, John’s Island, Daniel Island and the Peninsula — get the respect and attention they deserve. And I will never forget that being mayor of Charleston is not about politics — it’s about serving the people who call this special city home.” – John Tecklenburg