Jul
07

Over 9,100 Apartment Units Planned for Charleston?

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The tri-county’s growing population and expanding job market continue to attract apartment developers.

A new report by ApartmentGuide.com lists 9,131 new rental units penciled for the region in the coming years. That tally includes nearly 4,000 units under construction in Charleston, Berkeley and Dorchester counties.

Earlier this year, Apartment Guide.com projected the Charleston area’s apartment construction would increase 8 percent from 2013, which would be the highest growth rate in the nation. The multifamily website’s latest new report lists more than three dozen area rental properties in various stages of development and planning.

The area that encompasses West Ashley, Johns Island and James Island has the most development activity with 1,148 units under construction, according to the report. Some of the current projects:

The Avenues at Verdier Point, a Davis Development project that includes 304 rental units off Bees Ferry Road, opposite Sanders Road.

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