$50M condominium project in Charleston will feature 21 units, starting at $1.7M | Immovable

A Baltimore developer will open a $50 million mixed-use luxury residential project south of Charleston City Market later this year.

Landmark Partners is set to begin construction later this year on City House Charleston, a 21-unit upscale condominium development with retail space on Cumberland Street between Church and State streets in the city’s French Quarter neighborhood.

“It will be transformative for this area,” said developer Jon Pannoni of Landmark Partners.

The four-story project will offer two- to three-bedroom residences, ranging from 1,500 square feet to 3,000 square feet, and each will have an outdoor patio.

Pricing will start at $1.7 million and increase based on square footage, flooring and finishes selected, Pannoni said.

Landmark subsidiaries paid $13 million for ownership of a block in two deals in March, according to Charleston County Land Records.

The site includes a parking lot at State and Cumberland next to the Loutrel hotel as well as the Martschink building, with its facade on Cumberland integrated into the project.

Charleston's longtime Magnolia project strikes deal with Atlanta developer

Get the best real estate news from the post and courier, handpicked and delivered to your inbox every Saturday.

The planned development also includes vacant land on Linguard Street next to four-storey housing as well as the three-storey brick structure at Church and Cumberland, which will remain with commercial space on the ground floor and office space on the upper floor. ‘stage.

The site is also across State Street from a Scotchman convenience store, which is set to be replaced by a 50-room boutique hotel.

The 100,000 square foot City House Charleston will include a communal wellness center, co-working space and 69 covered parking spaces, in addition to full-time staff and concierge services.

The fourth floor will include a pavilion and a 3,000 square foot swimming pool. The swimming pool will be embedded behind a parapet for more privacy but will offer a view of the city’s rooftops. The clubhouse will also include an outdoor kitchen and entertainment area.

3rd Charleston Apartment Project Planned on Meeting Street Road in the Upper Peninsula

Pannoni called the concept “a sophisticated, personalized residential experience that will blend seamlessly with Charleston’s graceful architecture and the famous charm of the surrounding French Quarter. … This location allows you to be immersed in a beautiful part of the city .”

The project’s name comes from the Landmark property in Baltimore, an early 20th-century Greystone mansion originally called City House that has been renovated into office and meeting space.

Residential real estate company Carriage Properties of Charleston will handle unit sales for the project, which is expected to be available for occupancy in early 2024.

Our bi-weekly newsletter features all the business stories shaping Charleston and South Carolina. Go ahead with us – it’s free.

Source link