Sep
03

Columbia CBD Building to be Converted to Apartments

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Capitol Places, Painite Capital, and Mashburn Construction announced plans to invest $22 million to convert the Owen Building at 1321 Lady St. into a 130-unit apartment complex called Thirteen 21 Lofts.

The complex will offer one- and two-bedroom units and will feature a saltwater swimming pool; sundeck and grilling area; theater room; Wi-Fi lounge; a fitness center; and a bicycle storage area.

Construction is expected to begin the first quarter of 2015, with the 112,000-square-foot apartment complex opening by the end of next year. The complex is expected to draw at least 425 residents.

“We’re looking forward to getting started with this next residential project. Even with all of the apartments that have been built and proposed, there’s still an undersupply around the city center due to the steady influx of urbanites,” said Jeff Prioreschi, managing member of Painite Capital. “Thirteen 21 Lofts will be our seventh downtown residential project during the last 16 years. Because of the strong demand for wanting to live downtown, this will be one of many residential projects to come in the near future.”

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