LMC’s apartment division to build first SC complex in Charleston

 

One of the nation’s largest home builders is plan­ning a huge new apart­ment devel­op­ment on Charleston’s upper penin­su­la, its first in South Car­oli­na.

Mia­mi-based Lennar’s LMC apart­ment divi­sion recent­ly bought 2.82 acres at 1304, 1312 and 1330 Meet­ing St. from the own­ers of Charleston’s Marine

and Rig­ging for near­ly $10.5 mil­lion, accord­ing to Charleston Coun­ty land records.

The devel­op­er plans to build 303 units in an eight-sto­ry struc­ture, said Jeff Har­ris, divi­sion pres­i­dent of Char­lotte-based LMC.

The build­ing will include two ground floors of retail and com­mer­cial space with pub­lic court­yards. High­er tiers of the struc­ture will offer pri­vate court­yards for res­i­dents, Har­ris said. The park­ing deck is three lev­els. The building’s design pro­vides some apart­ment units from the ground up while oth­ers are above park­ing and com­mer­cial space.

The project does not have a name yet.

We still have some brand­ing exer­cis­es to do,” Har­ris said.

The tract, just north of Santi’s Restau­rante Mex­i­cano, sits where Mor­ri­son Dri­ve meets Meet­ing Street Road. The hard­ware busi­ness, owned by broth­er and sis­ter Skip Saw­in and Jes­si­ca Sage, moved to Trux­tun Avenue on the for­mer Charleston naval base in North Charleston ear­li­er this year.

Saw­in sold a 1.64-acre tract for $6.1 mil­lion while his sis­ter sold two small­er adjoin­ing parcels totalling 1.18 acres for $4.394 mil­lion. Com­bined, that comes out to about $3.7 mil­lion an acre.

Con­struc­tion could begin as ear­ly as next sum­mer, Har­ris said.

LMC oper­ates in 51 com­mu­ni­ties in 17 states, accord­ing to its web­site.

The pro­posed devel­op­ment is one of many oth­ers march­ing up the penin­su­la, along King, Meet­ing, Huger and Brigade streets and oth­er areas north and south of the Ravenel Bridge ramps.