Dec
07

7-Story Apartment Building Planned for Charleston

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apartments for rent signThe site of a proposed 264-unit, seven-story apartment building on peninsular Charleston has a new owner.

Huger Properties LLC, the same Spartanburg-based firm that sold the 72-unit East Central Lofts in April to E.C. Lofts LLC for $12.4 million, recently sold the adjacent 3.5-acre parcel at 601 Meeting St. for $6.1 million to the same company.

E.C. Lofts is comprised of two main parties — Maryland-based Federal Capital Partners and KBB 2015 LLC, which is made up of Kane Realty Corp. of Raleigh, Randolph Development of Charleston and Canongate Capital, an investment and asset management company in Charleston. The previous owner was Greg Atkins, president of Atkins Machinery in Spartanburg.

Plans call for the top five floors to serve as housing above a two-level parking deck with 387 spaces. About 16,000 square feet of retail space would face Huger and Meeting streets on the ground level. The 3,000-square-foot leasing office would sit on Huger Street.  The majority of units — 165 — will be one bedroom, according to the plans. Sixty-three two-bedroom units and 36 studio apartments round out the mix.

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