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Charleston New Construction & Proposed Multifamily Projects 2Q20
Source: Yardi Matrix2 mi
Lease-Up Under Construction Planned ProspectiveLEGEND
53
ID PROPERTY UNITS
1 Crescent Pointe 480
2 The Wilder 286
3 South City Summerville 360
8 Link Apartments Mixson Phase II 90
Total Lease Up 1,216
14 Nexton Parkway 345
15 Exchange at Windsor Hill 312
16 The Hudson 300
Total Under Construction 95750
28 Uptown at Centre Point 50
29 The Harbour 124
30 Hawthorne at Clements Ferry Road 218
31 The Port House 251
32 Atlantic Summerville 227
33 Azure Carnes Crossroads 295
34 Sheep Island 600
35 Summerville 288
Total Planned 2,053
51 Elan Montague 300
52 Shipwatch Square 50
53 Henry Brown 84
54 Daniel Island 360
55 Hawthorne at Clements Ferry 205
58 Vantage at Summerville 288
Total Prospective 1,287
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Charleston New Construction & Proposed Multifamily Projects 2Q20
ID PROPERTY UNITS
4 Avalon at James Island 273
7 The Boulevard Phase II 100
Total Lease Up 373
17 Atlantic Beach House 224
20 The Jasper 219
Total Under Construction 443
27 Fenwick 240
40 Citadel Mall Redevelopment 1,225
Total Planned 1,465
45 The Forest at Fenwick 316
46 3050 Ashley Town Center Drive 256
47 Bulls Creek 57
48 Glen McConnell Parkway 348
49 Orleans Gardens Renovation 100
50 The Palisades 204
56 Legacy Patriots Point 176
57 Patriots Annex 130
Total Prospective 1,587
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Source: Yardi Matrix1 mi
Drum IslandDrum Island
Morris IslandMorris Island
James IslandJames Island
Lease-Up Under Construction Planned ProspectiveLEGEND
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Charleston New Construction & Proposed Multifamily Projects 2Q20
ID PROPERTY UNITS
6 The Merchant 234
10 Five Eleven Meeting 221
11 Summit Place 114
Total Lease Up 569
13 The Society at Laurens 148
18 The Porter 118
19 Flats at 655 East Bay 72
21 New Market Square 191
Total Under Construction 529
22 52 Line Street 293
23 Atlantic 55 260
24 Cormac 303
25 Former Pepsi 100
26 Morrison Yard 380
Total Planned 1,336
41 172 President Street 50
42 320 East Bay Street 50
43 483 Meeting Street 50
44 Meeting Street 67
65 Poinsette 67
Total Prospective 284
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Source: Yardi Matrix2000 ft
Lease-Up Under Construction Planned ProspectiveLEGEND
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Charleston New Construction & Proposed Multifamily Projects 2Q20
Source: Yardi Matrix10 mi
59
ID PROPERTY UNITS
5 Haven Pointe at Carolina Forest 304
9 The Pier Conway 182
Total Lease Up 486
12 Hawthorne at Waterside 276
Total Under Construction 276
36 Possum Trot Golf Course 493
37 Parkway Group 100
38 Sweetgrass Landing 72
39 Waterleaf at Leland 248
Total Planned 913
59 Grande Dunes 100
60 Hawkeswater at the River Townhouses 78
61 Hawthorne at Waterside Phase II 432
62 Headwaters Apartment Homes at Brunswick Forest 216
63 Headwaters Apartment Homes at Brunswick Forest Phase II 144
64 Shallotte Riverfront Revitalization Project 129
66 Coastal Commons 60
Total Prospective 1,159
Lease-Up Under Construction Planned ProspectiveLEGEND
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Charleston New Construction & Proposed Multifamily Projects
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ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMITDATE
FORECASTED COMPLETION DATE
START OFRENT-UP
1 Crescent Pointe 4650 Crescent Pointe Drive North Charleston SC 29418 Lease-Up 480 North Charleston 05/01/2019 05/31/2021 03/01/2020
2 The Wilder 9691 Patriot Blvd Ladson SC 29456 Lease-Up 286 Summerville 03/23/2019 10/31/2020 04/01/2020
3 South City Summerville North Main Street & Turtle Pond Road Summerville SC 29486 Lease-Up 360 Summerville 04/01/2019 09/30/2020 01/01/2020
4 Avalon at James Island 202 Promenade Street Charleston SC 29412 Lease-Up 273 Charleston - James Island 02/01/2019 09/30/2020 11/01/2019
5 Haven Pointe at Carolina Forest 1001 Scotney Lane Myrtle Beach SC 29579 Lease-Up 304 Horry 11/19/2018 09/30/2020 09/01/2019
6 The Merchant 102 Sottile Street Charleston SC 29403 Lease-Up 234 Charleston - Downtown 07/01/2018 08/31/2020 05/11/2020
7 The Boulevard Phase II 1227 Pherigo Street Mount Pleasant SC 29464 Lease-Up 100 Mount Pleasant 02/01/2019 08/31/2020 05/01/2020
8 Link Apartments Mixson Phase II 4501 Mixson Avenue North Charleston SC 29405 Lease-Up 90 North Charleston 02/01/2019 08/31/2020 01/01/2020
9 The Pier Conway 201 Graduate Road Conway SC 29526 Lease-Up 182 Red Hill 07/01/2019 08/31/2020 08/01/2019
10 Five Eleven Meeting 511 Meeting Street Charleston SC 29403 Lease-Up 221 Charleston - Downtown 07/01/2017 08/31/2020 01/01/2019
11 Summit Place 530 Meeting Street Charleston SC 29403 Lease-Up 114 Charleston - Downtown 02/01/2018 08/31/2020 09/01/2018
Total Lease-Up 2,644
12 Hawthorne at Waterside Hewett - Burton Rd SE & Little Creek Rd SE Leland NC 28451 Under Construction 276 Brunswick 05/01/2020 05/31/2022
13 The Society at Laurens 18 Society Street Charleston SC 29401 Under Construction 148 Charleston - Downtown 03/01/2020 03/31/2022
14 Nexton Parkway SEC Nexton Pkwy & Sigma Drive Summerville SC 29483 Under Construction 345 Summerville 04/01/2020 02/28/2022
15 Exchange at Windsor Hill 8240 Windsor Hill Blvd North Charleston SC 29420 Under Construction 312 North Charleston 10/01/2019 10/31/2021
16 The Hudson 900 Owl Wood Lane Summerville SC 29486 Under Construction 300 Berkeley 02/01/2020 10/31/2021
17 Atlantic Beach House 1558 Ben Sawyer Blvd Mount Pleasant SC 29464 Under Construction 224 Mount Pleasant 04/01/2020 10/31/2021
18 The Porter 575 Meeting Street Charleston SC 29403 Under Construction 118 Charleston - Downtown 09/01/2019 02/28/2021
19 Flats at 655 East Bay 655 East Bay Street Charleston SC 29403 Under Construction 72 Charleston - Downtown 12/01/2019 12/31/2020
20 The Jasper 310 Broad Street Charleston SC 29401 Under Construction 219 Charleston - Downtown 10/01/2018 10/31/2020
21 New Market Square 287 Huger Street Charleston SC 29403 Under Construction 191 Charleston - Downtown 01/01/2018 09/30/2020
Total Under Construction 2,205
22 52 Line Street 48 Line Street Charleston SC 29403 Planned 293 Charleston - Downtown
23 Atlantic 55 55 Romney Street Charleston SC 29403 Planned 260 Charleston - Downtown
24 Cormac 1304 Meeting Street Road Charleston SC 29405 Planned 303 Charleston - Downtown
25 Former Pepsi 1951 Algonquin Road North Charleston SC 29405 Planned 100 Charleston - Downtown
26 Morrison Yard 838 Morrison Drive Charleston SC 29403 Planned 380 Charleston - Downtown
27 Fenwick Maybank Hwy & River Road Charleston SC 29412 Planned 240 Charleston - Southwest
28 Uptown at Centre Point South Aviation Avenue & International Blvd North Charleston SC 29418 Planned 50 North Charleston
29 The Harbour 210 River Landing Drive Daniel Island SC 29492 Planned 124 Charleston - Daniel Island
30 Hawthorne at Clements Ferry Road 2800 Clements Ferry Road Charleston SC 29492 Planned 218 Charleston - Daniel Island
31 The Port House 543 Robert Daniel Drive Charleston SC 29492 Planned 251 Charleston - Daniel Island
32 Atlantic Summerville 2060 North Main Street Summerville SC 29483 Planned 227 Summerville
33 Azure Carnes Crossroads East Doty Avenue & South Magnolia Street Summerville SC 29483 Planned 295 Summerville
34 Sheep Island Interstate 26 & Nexton Pkwy Summerville SC 29483 Planned 600 Summerville
Charleston New Construction & Proposed Multifamily Projects
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ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMITDATE
FORECASTED COMPLETION DATE
START OFRENT-UP
35 Summerville Dorchester Road & Highway 17 Summerville SC 29483 Planned 288 Summerville
36 Possum Trot Golf Course 1170 Possum Trot Road North Myrtle Beach SC 29582 Planned 493 North Myrtle Beach
37 Parkway Group Highway 22 & State Highway 31 Longs SC 29568 Planned 100 Horry
38 Sweetgrass Landing 5066 Northside Drive Shallotte NC 28470 Planned 72 Brunswick
39 Waterleaf at Leland Ocean Gate Plaza & Ocean Hwy East Leland NC 28451 Planned 248 Brunswick
40 Citadel Mall Redevelopment 2070 Sam Rittenberg Blvd Charleston SC 29407 Planned 1,225 Charleston - West Ashley
Total Planned 5,767
41 172 President Street 172 President Street Charleston SC 29403 Prospective 50 Charleston - Downtown
42 320 East Bay Street 320 East Bay Street Charleston SC 29401 Prospective 50 Charleston - Downtown
43 483 Meeting Street 483 Meeting Street Charleston SC 29403 Prospective 50 Charleston - Downtown
44 Meeting Street 695 Meeting Street Charleston SC 29403 Prospective 67 Charleston - Downtown
45 The Forest at Fenwick River Road & Stardust Way Johns Island SC 29455 Prospective 316 Charleston - Southwest
46 3050 Ashley Town Center Drive 3050 Ashley Town Center Drive Charleston SC 29414 Prospective 256 Charleston - West Ashley
47 Bulls Creek 2235 Ashley River Road Charleston SC 29414 Prospective 57 Charleston - West Ashley
48 Glen McConnell Parkway Glenn McConnell Pkwy & William E. Murray Blvd Charleston SC 29414 Prospective 348 Charleston - West Ashley
49 Orleans Gardens Renovation 1900 Hazelwood Drive Charleston SC 29407 Prospective 100 Charleston - West Ashley
50 The Palisades 195 Main Road Johns Island SC 29455 Prospective 204 Charleston - West Ashley
51 Elan Montague 2403 Mall Drive Charleston SC 29406 Prospective 300 North Charleston
52 Shipwatch Square McMillan Avenue & Rivers Avenue Charleston SC 29405 Prospective 50 North Charleston
53 Henry Brown 6547 Henry E Brown Jr. Blvd Goose Creek SC 29445 Prospective 84 Goose Creek
54 Daniel Island SEC Beresford Run & Clements Ferry Road Charleston SC 29492 Prospective 360 Charleston - Daniel Island
55 Hawthorne at Clements Ferry 2800 Clements Ferry Road Charleston SC 29492 Prospective 205 Charleston - Daniel Island
56 Legacy Patriots Point Harry M. Hallman Jr. Blvd & Patriots Point Road Mount Pleasant SC 29464 Prospective 176 Mount Pleasant
57 Patriots Annex 1 Patriots Point Road Mount Pleasant SC 29464 Prospective 130 Mount Pleasant
58 Vantage at Summerville Boonehill Road & Tupperway Drive Summerville SC 29483 Prospective 288 Summerville
59 Grande Dunes Arundel Road & Wild Iris Drive Myrtle Beach SC 29577 Prospective 100 Myrtle Beach
60 Hawkeswater at the River Townhouses Morecamble Blvd & River Road SE Leland NC 28451 Prospective 78 Brunswick
61 Hawthorne at Waterside Phase II Hewett - Burton Rd SE & Little Creek Rd SE Leland NC 28451 Prospective 432 Brunswick
62 Headwaters Apartment Homes at Brunswick Forest Brunswick Forest Pkwy & Ocean Hwy Leland NC 28451 Prospective 216 Brunswick
63 Headwaters Apartment Homes at Brunswick Forest Phase II Brunswick Forest Pkwy & Ocean Hwy East Leland NC 28451 Prospective 144 Brunswick
64 Shallotte Riverfront Revitalization Project Main Street & Wall Street Shallotte NC 28470 Prospective 129 Brunswick
65 Poinsette 194 Spring Street Charleston SC 29403 Prospective 67 Charleston - Downtown
66 Coastal Commons 5573 Beach Drive SW Ocean Isle Beach NC 28469 Prospective 60 Brunswick
Total Prospective 4,317
TOTAL CHARLESTON 14,933
© 2020 Berkadia Real Estate Advisors LLC. Berkadia® is a trademark of Berkadia Proprietary Holding LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker License #01931050; Vincent B. Norris, CA BRE Lic. # 843890.Berkadia Commercial Mortgage LLC conducts business under CA Finance Lender & Broker Lic. #988-0701; and Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116. For state licensing details visit: http://www.berkadia.com/legal/licensing.aspx. The information and details contained within this report have been obtained from a third-party and believed to be accurate; however, Berkadia has not independently verified its accuracy. Date of survey: July 2020
