Charleston real estate firm Beach Co. moves headquarters to new Jasper site from King St. | Real Estate

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Beach Co. is moving its headquarters to a new location in Jasper

Charleston-based commercial real estate company The Beach Co. has moved its headquarters to two floors of the new 12-story mixed-use building called The Jasper that it is developing in the Lower Peninsula.

The agency will occupy 29,000 square feet on the fifth and sixth floors of the office complex at 320 Broad St. after leaving 211 King St., where it has worked for many years. The company didn’t respond to a query about what would happen to the large vacancy in downtown Charleston.

The development, which replaced the former 14-story Sergeant Jasper Apartments, includes 219 luxury rental units, 25,000 square feet of retail space on the first floor, 75,000 square feet of office space and panoramic views of Charleston Harbor and the Ashley and Cooper Rivers.

Construction of the $ 100 million nine-story home is slated to begin in April on the Charleston Peninsula

The 4 acre site near Colonial Lake in Harleston Village also includes an enclosed garage, restaurants, shopping, fitness center, rooftop pool and garden, club and lounge for residents, a lively lobby, seating in the Outdoors, sidewalks, and parks.

At least one large commercial tenant has now been set up in the new building. Wells Fargo Middle Market Banking has moved to the third floor and Wells Fargo Bank is on the fourth floor.

The financial firm announced in 2019 that it would vacate the three floors it rented at 177 Meeting St. near the city market and move about 60 employees who work in commercial lending and asset management to The Jasper. The San Francisco-based bank will occupy around 30,000 square feet of office space.

Jasper antenna

The 12-story mixed-use Jasper Complex is located on the Lower Charleston Peninsula near Colonial Lake. The Beach Co., which developed the structure, recently moved to two floors. Photo / The Beach Co.

The Jasper is mostly done. Office space on the second floor as well as retail space on the first floor will be completed when the tenants stand in a row.

The Jasper welcomed its first residents earlier this month, and the remaining construction on the housing units should be completed by the end of February.

The city’s Board of Architectural Review approved the draft for development in early 2017, but it didn’t come without a fight.

The Beach Co. worked on a redevelopment plan for the site for years, but met stiff public opposition.

The original proposal met criticism in the neighborhood after the longtime real estate company launched plans in 2015 to demolish the 150-meter-tall apartments from the 1950s and replace the medium-sized building with a low one.

After local residents and preservationists fought the concept as too dense, the company returned to a mixed-use high-rise, which the city’s zoning allows. The BAR rejected the concept.

According to the study, SC 2020 was the second largest moving destination in the US

The Beach Co. sued the board, saying it exceeded its limits by reallocating the site to limit the size of the project. The size and mass of the project was settled through a court battle and city agreement, but did not result in any other draft.

The demolition was completed in early 2018 in the former Sergeant Jasper building, named after a soldier in the Revolutionary War. Construction work on the new project began in August of this year.

“As we celebrate this next chapter at our new headquarters in The Jasper, The Beach Co. is proud to continue our 75-year history of creating landmark properties and communities that improve the quality of life for our neighbors and contribute to the long-term economic vitality of the Region, ”said John Darby, Company President and CEO.

The Jasper was designed by Antunovich Associates from Chicago in collaboration with LS3P and DesignWorks from Charleston. The general contractor for the project is Balfour Beatty.

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House sold North Creek Village Nexton

Home sales across South Carolina set a record in 2020, surpassing 100,000 transactions for the first time. Warren L. Wise / staff

SC home sales top 100,000 for the first time

Low interest rates and a surge in newcomers from other states escaping urban centers during the pandemic pushed residential property transactions to the fastest pace ever seen in Palmetto state last year.

Kiawah Island posted record sales of $ 808 million in 2020

By the numbers

2: Number of Shuttered Pier 1 Imports locations that will soon be seeing new tenants in North Charleston and Summerville.

3: Number of stores Lidl will have in the Charleston area when it opens a new store in Mount Pleasant.

41,000: Square meters vacated in the plaza at East Cooper Mall in Mount Pleasant after Pivotal Fitness vacated the building earlier this week.

Charleston was forecast to see strong residential demand in 2021 as home sales rose 17% over the past year

This week in real estate

+ Inaugural Council: Retailers in the New Charleston area who opened in a pandemic say it’s not for the faint of heart.

+ Office news: A four-story office building in Nexton is changing hands for $ 26.13 million, while a three-story $ 15 million office building that’s been in the works for six years is completed and new tenants are moving in.

+ On the way: The developer sets the schedule for the construction of the new Moncks Corner shopping center, which will be anchored by Publix.

+ Applause of the preservation: The Preservation Society of Charleston recently presented 18 Carolopolis Awards to recognize exemplary conservation projects in Charleston and across the Lowcountry.

‘Hobbit House’ is launched in Summerville

Hobbit House

While The Post and Courier referred to the house as the “Hobbit House” in a 2008 article, owner Gary Duncan said that children in the neighborhood were more likely to refer to it as the “Haunted House” or “Harry Potter House”. The technical architectural style is Elizabethan from the 16th century. Brad Nettles / staff

The 5,761-square-foot structure in Summerville, dubbed the “Hobbit House,” is unfinished inside, giving the next owner an opportunity to materialize a once whimsical plan.

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To reach Warren L. Wise at 843-937-5524. Follow him on Twitter @warrenlancewise.