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Beach Co. moves headquarters to new Jasper site
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, which it has developed on the Lower Peninsula.
The agency will occupy 29,000 square feet on the fifth and sixth floors of the 320 Broad St. office complex after leaving 211 King St., where it has operated for many years. The company did not respond to a request about what will happen to the large vacant position it will leave in downtown Charleston.
The development, which replaced the old 14-story Sergeant Jasper Apartments, features 219 luxury rental units, 25,000 square feet of first-floor commercial space, 75,000 square feet of office space and panoramic views of Charleston Harbor and the Ashley and Cooper rivers.
The 4 acres site near Colonial Lake in Harleston Village also includes a closed garage,site dining, shopping, fitness center, rooftop pool and garden, residents’ club and lounge, lobby, outdoor seating, walkways and parks.
At least one major commercial tenant is now installed in the new building. Wells Fargo Middle Market Banking has moved to the third floor and Wells Fargo Bank occupies the fourth floor.
The financial firm announced in 2019 that it would move out of the three floors it leases at 177 Meeting Street near the city market and move approximately 60 employees who work in its commercial lending and wealth management businesses to the Jasper. The San Francisco-based bank will occupy approximately 30,000 square feet of office space.
The 12-story mixed-use Jasper Resort is located on Charleston’s Lower Peninsula near Colonial Lake. The Beach Co., which developed the structure, recently moved to two floors. Photo / The Beach Co.
The Jasper is mostly finished. The office space on the second floor as well as the retail space on the first floor will be completed as tenants are aligned.
The Jasper welcomed its first residents earlier this month, and the remaining construction work on the residential units is expected to be completed by the end of February.
The city’s architectural council approved the design for the development in early 2017, but it didn’t come without a fight.
The Beach Co. has worked for years on a redevelopment plan for the site but encountered strong public opposition along the way.
The initial proposal drew criticism in the neighborhood after the longtime real estate company presented plans in 2015 to raze the 159-foot-tall 1950s apartments and replace the mid-rise building with a low-rise development.
After residents and conservationists fought the concept for being too dense, the business then reverted to a high-rise mixed-use building, which is allowed by the city’s zoning. BAR rejected the concept.
The Beach Co. sued the council, claiming it overstepped its limits by rezoning the site to limit the size of the project. The height and mass of the project were settled through a court battle and municipal agreement, but this did not result in a different design.
Demolition was completed in early 2018 on the former building of Sergeant Jasper, named after a soldier from the Revolutionary War. Construction of the new project began in August this year.
“As we celebrate this next chapter at our new headquarters in The Jasper, The Beach Co. is proud to continue its 75 years of building flagship properties and communities that improve the quality of life for our neighbors and contribute to the long term. term. the economic vitality of the region, ”said John Darby, President and CEO of the company.
The Jasper is designed by Antunovich Associates of Chicago in partnership with LS3P and DesignWorks of Charleston. The general contractor for the project is Balfour Beatty.
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Home sales in South Carolina set a record high in 2020, exceeding 100,000 transactions for the first time. Warren L. Wise / Staff
SC home sales surpass 100,000 for the first time
Low interest rates and a wave of newcomers from other states who fled urban centers during the pandemic have pushed residential real estate transactions to the highest pace on record last year in Palmetto state.
2: Number of Pier 1 Imports locations closed which will soon see new tenants in North Charleston and Summerville.
3: Number of stores Lidl Discount Grocer will have in the Charleston area when a new store opens in Mount Pleasant.
41,000 square feet left vacant in the Plaza of the East Cooper Mall in Mount Pleasant after Pivotal Fitness vacated the building earlier this week.
This week in real estate
+ Opening Tip: New Charleston-area retailers opening in a pandemic say it’s “not for the faint of heart.”
+ Office news: A four-story office building at Nexton changes hands for $ 26.13 million, while a $ 15 million, three-story office building that has been under construction for six years is completed and new tenants move in.
+ On the way: the promoter sets the construction schedule for the new Moncks Corner shopping center, anchored by Publix.
+ Applaud preservation: The Preservation Society of Charleston recently awarded 18 Carolopolis Awards to recognize exemplary preservation projects in Charleston and the Lowcountry.
‘Hobbit House’ hits the market in Summerville
While The Post and Courier dubbed the house the “Hobbit House” in a 2008 article, owner Gary Duncan said neighborhood kids more often called it the “Haunted House” or “Harry Potter House” . The technical architectural style is Elizabethan from the 16th century. Brad Nettles / Staff
Summerville’s 5,761-square-foot structure, dubbed the ‘Hobbit’s House,’ is unfinished inside, giving the next owner a chance to complete what was once a fancy plan.
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Contact Warren L. Wise at 843-937-5524. Follow him on Twitter @warrenlancewise.
- According to the source Charleston real estate company Beach Co. moves headquarters to new Jasper site from King St. | Immovable
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