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15

Canalside Springing To Life

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Former prison site soon to be bustling with activity

June 14, 2008

By Kristy Eppley Rupon – The State

The long-awaited CanalSide development will begin filling with residents in about a month, as the developer finishes the 175 apartments at the former site of the Columbia Correctional Institution.

While the apartments mark a milestone for the 23-acre site, The Beach Co. has scrapped plans for about 20 single-family homes to make more room for what eventually could be 575 condos and town homes.

The market will dictate when future phases are built, said Dan Doyle, vice president and project manager for The Beach Co., which bought the property in 2006. Doyle said he expects it will take about a decade to fully build the property.

“It’s obvious things have slowed down. We can be very patient,” he said. “This is a long-term project.”

CanalSide is one of several residential projects planned in the city in recent years — from apartments and high-end condos to in-fill housing and exclusive single-family neighborhoods. A large mixed-use project being pushed for Bull Street would include more than 1,200 single- and multifamily homes.

But there has been a shift toward more rental units in recent months as the housing market stumbles.

The Holder Co. of Atlanta, which put a focus on office buildings and condominiums in Columbia, now is building 388 apartments at the corner of Assembly and Whaley streets.

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