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.

Name set for high-profile South End project as it moves toward completion



LMC’s mixed-use apart­ment com­mu­ni­ty will be known as Brad­ham at New Bern Sta­tion.

That moniker is a nod to the 5.2‑acre site’s his­to­ry. It once housed the first Pep­si bot­tling fran­chise — and New Bern res­i­dent Caleb Brad­ham cre­at­ed Pep­si-Cola.

We kept com­ing back to the his­tor­i­cal sig­nif­i­cance,” says Jeff Har­ris, divi­sion pres­i­dent of the Car­oli­nas for LMC.

LMC, the mul­ti­fam­i­ly arm of nation­al home­builder Lennar (NYSE: LEN), is devel­op­ing that project.

It pur­chased two parcels for near­ly $18 mil­lion in 2016. Har­ris declined to share total cost for the project, instead say­ing that it was a sig­nif­i­cant invest­ment.

The 432-apart­ment com­plex will fea­ture a mix of stu­dio, one-bed­room and two-bed­room units.

 It is slat­ed to open in ear­ly 2019.

Things always come up, but we’re high­ly con­fi­dent we’ll have our first ten­ants in ear­ly Feb­ru­ary,” Har­ris says.

It also will have 25,500-square feet of street-lev­el retail space, which will open on a rolling basis.

In total, plans call for 15,000 square feet to be ded­i­cat­ed to restau­rants, and anoth­er 10,000 square feet to be focused on retail.

We look for a num­ber of things our res­i­dents will per­ceive as ben­e­fi­cial and make them want to live there,” he says.

To date, restau­ra­teur Rob Duck­worth has announced plans for a restau­rant there. A new con­cept from the own­er­ship of Inizio Piz­za Napo­le­tana is also planned.

For full arti­cle click here

Axiom’s Ashley Damiano to present at Symposium in Paris

Axiom Archi­tec­ture is proud to announce that Ash­ley Dami­ano will be speak­ing at the upcom­ing Design Mod­el­ing Sym­po­sium in Paris next week. The event is held each year as a plat­form to explore the rela­tion­ship between humans and data gen­er­at­ed from com­pu­ta­tion­al design in the envi­ron­ment of Archi­tec­ture, Engi­neer­ing, and Art. She will be pre­sent­ing her research which focus­es on the use of real-time weath­er data for spe­cif­ic loca­tions to ana­lyze high-rise build­ing forms with regard to col­lec­tion of wind-dri­ven rain on ver­ti­cal sur­faces. See the link below to find more infor­ma­tion on this excit­ing event.


Luxury multifamily project by Miller-Valentine Group opening this week

The first lux­u­ry mul­ti­fam­i­ly devel­op­ment by the Char­lotte office of Miller-Valen­tine Group is open­ing this week.

Beck­ett Farms, at 1111 Gen­nett Cir­cle near the inter­sec­tion of Gold Hill Road and Inter­state 77 in Fort Mill, will open with an event at 6 p.m. on Thurs­day. The 280-unit devel­op­ment broke ground last sum­mer.

Charles Rulick, vice pres­i­dent of mul­ti­fam­i­ly devel­op­ment at Miller-Valen­tine, said in a state­ment that, with Beck­ett Farms, the firm hoped to com­bine mod­ern apart­ment liv­ing with a prime Fort Mill loca­tion, which is sur­round­ed by a creek and wood­ed area.

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Wood Partners starting construction at Brevard and 25th Streets in Charlotte

Image result for the charlotte observer logo

An Atlanta-based devel­op­er is kick­ing off con­struc­tion on new apart­ments next to the Blue Line light rail exten­sion, in the Opti­mist Park neigh­bor­hood near NoDa.

Wood Part­ners has closed on its acqui­si­tion of a 2.3‑acre site, pay­ing more than $5.3 mil­lion for land at 25th and Bre­vard streets. That’s next to the 25th Street light rail sta­tion, set to start pas­sen­ger ser­vice by March 2018. The site is cur­rent­ly used as a truck yard.

The com­pa­ny is build­ing a 261-unit apart­ment build­ing, which has yet to be named. Wood Part­ners expects to com­plete the apart­ments by ear­ly 2019. Ameni­ties will include a salt­wa­ter pool, lounge, game room and pub­lic kitchen area for res­i­dents.


Work begins on $35 million, new downtown luxury apartments in Triad

The West End in down­town Win­ston-Salem will be home to a new lux­u­ry apart­ment com­mu­ni­ty.

West End Sta­tion, a 229-unit build­ing with mod­ern ameni­ties, includ­ing enclosed park­ing, salt­wa­ter swim­ming pool, fit­ness cen­ter, ele­vat­ed and land­scaped court­yards, is sched­uled to open in about two years, accord­ing to devel­op­ers DPJ Res­i­den­tial and Chaucer Creek Cap­i­tal

For full arti­cle click here http://www.bizjournals.com/triad/news/2017/04/19/new-35-million-downtown-luxury-apartments-in-triad.html

Get ready for more construction on Stonewall Street: New apartments are starting in February

The busiest street for devel­op­ment in Char­lotte is about to see anoth­er project kick off: Prof­fitt Dixon has closed on the pur­chase of its Stonewall Street site and plans to start con­struc­tion in Feb­ru­ary.

The Mon­tage, as the project is known, will be on the for­mer site of the Actor’s The­atre and an adja­cent par­cel of vacant land next door that was owned by the city of Char­lotte. Prof­fitt Dixon bought both sites, total­ing about 2.6 acres, for $8.6 mil­lion this week. Designed by Axiom Archi­tec­ture, the Mon­tage is expect­ed to total 230 units, with ground-floor retail.

Prof­fitt Dixon expects the first apart­ments will be avail­able in late 2018. The Mon­tage apart­ments are the sec­ond build­ing the Char­lotte-based com­pa­ny has devel­oped on Stonewall Street. A few blocks away, at Stonewall and McDow­ell streets, Prof­fitt Dixon devel­oped the Pres­ley apart­ments.

The market’s response to our Pres­ley project at Stonewall and McDow­ell has been remark­able,” said man­ag­ing prin­ci­pal Stu­art Prof­fitt. “That expe­ri­ence has made us eager to be a part of the district’s con­tin­u­ing evo­lu­tion.”

The south side of Stonewall Street is set to com­plete­ly trans­form in the next few years. From Bank of Amer­i­ca Sta­di­um east, in order:

▪ Lin­coln Har­ris is build­ing a major mixed-use devel­op­ment on the for­mer site of the Observ­er, start­ing with a 30-sto­ry office build­ing.

▪ Cres­cent Com­mu­ni­ties is plan­ning a mixed-use devel­op­ment and office tow­er called Try­on Place.

▪ Cres­cent is build­ing a Whole Foods-anchored devel­op­ment with 450 apart­ments and two hotels next to the Blue Line light rail, called Cres­cent Stonewall Sta­tion.

▪ North­wood Ravin last week kicked off a high-rise apart­ment devel­op­ment that will include 421 apart­ments.

▪ Then there’s Mon­tage, this Prof­fitt Dixon project.

▪ BK Part­ners is plan­ning to buy and rede­vel­op the coun­ty-owned Bob Wal­ton Plaza build­ing as part of its Brook­lyn Vil­lage plan.

For those keep­ing track, yes, almost every sin­gle tract of land on Stonewall Street between the sta­di­um and the I‑277 loop is being rede­vel­oped. The one excep­tion is the West­in hotel, which is stay­ing put – but direct­ly behind it and just off Stonewall Street, the 615 South Col­lege office tow­er is near­ing com­ple­tion.

Betting big on South End

Char­lotte archi­tect and devel­op­er David Fur­man brought an ini­tial con­cept for what would even­tu­al­ly become Cam­den Gallery to Cam­den Prop­er­ty Trust in 2012. It was an oppor­tu­ni­ty the firm’s prin­ci­pals couldn’t pass up, espe­cial­ly con­sid­er­ing its loca­tion on the LYNX Blue Line in boom­ing South End.

We already had a great pres­ence in the South End sub­mar­ket and anoth­er site in pre-design, so it was a quadru­ple-down in the mar­ket,” said Will Smith, direc­tor of real estate invest­ments at Cam­den.

For full arti­cle click here http://www.bizjournals.com/charlotte/news/2016/10/28/betting-big-on-south-end.html