Jan
07

Main Street Student Housing Project Advances

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A Chicago firm has purchased the 21-story Palmetto Center on Main Street in Columbia, propelling forward its plans to convert the 400,000-square-foot former office building into housing for 800 college students.

Construction is expected to start soon on the $50 million to $80 million renovation project, which should be completed by August 2014, Benjamin Modleski, chief operating officer of Core Campus LLC, told The State on Thursday. The building has been empty since September 2009, when SCE&G moved its 900 employees to a campus in Cayce.

The renovation project faces a final hearing before the city’s Design, Development Review Commission Thursday. If approved, it will be the project’s final regulatory hurdle.

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