May
28

Multi-Family Site at Otarre Sold

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A 299-unit apartment complex is planned for a 19-acre site at SCANA’s Otaree development in Cayce.

The project will be located on Fort Congaree Trail across from the Cayce Tennis and Fitness Center on 12th Street Extension near the SCANA Corp. campus. Amenities planned for the project, designed as a combination of two- and three-story apartment buildings, will include a clubhouse containing a media center, resort-style saltwater pool, business center and fitness facility.

The Columbia office of Marcus & Millichap, a commercial real estate investment services firm with locations throughout the United States and Canada, announced the sale of Otarre Multi Family Site. Drew Babcock, an investment specialist in Marcus & Millichap’s Columbia office, represented the seller, S.C. Electric & Gas Co., the principal subsidiary of SCANA. Babcock also secured the buyer, New York-based Rohdie Group, a privately held residential real estate management firm. The sale price was not announced.

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