More Private Student Housing for Columbia?


USC students might have a new, privately constructed dormitory that would be within walking distance of campus if plans for the project are completed.

The Capstone Companies is in the early stages of building a $40 million to $60 million, 300-unit complex at the blighted Palmetto Compress building, a onetime cotton warehouse that stands four stories along Blossom Street just east of campus near the USC baseball stadium, the company and city officials said.

The two- to four-bedroom units would have a parking garage that would hold 600 to 1,200 vehicles depending on how many of the units have four bedrooms. City law requires one parking space per bedroom, said Krista Hampton, Columbia’s planning and development director.




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