Oct
21

Development of Concord Park Office Building in Charleston Underway

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– The Post and Courier

The first piece in the puzzle of the long-delayed Concord Park development slipped into place Wednesday as work began on an $18 million office building that will anchor a prominent corner of the vacant city block.

The four-story project, known as 25 Calhoun St., is a rarity given the shaky state of the commercial real estate market. It also is noteworthy that it is the first major privately funded office project to go up on the peninsula in about five years.

“This would be a big deal at any time, but it’s a really big deal now,” Charleston Mayor Joe Riley said at a groundbreaking ceremony at the site Wednesday.

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