Medical device manufacturer expands to Charleston

A Massachusetts-based manufacturer of precision medical devices and components plans to launch operations in Charleston County, bringing approximately $5 million in capital investment and creating more than 30 jobs over the next five years. Lab Medical Manufacturing Inc. has been making medical instruments, including surgical tools, spinal implants and sports medicine applications, for more than 30 years, according to a …

How to Use the Value-Add Strategy Effectively at Apartment Buildings

Turns out value-add investment strategies, in which developers renovate older apartment buildings, can make apartments too expensive for many lower-income renters, according to industry experts. Firms like Avanath take a different approach. They try to renovate apartments in ways that modestly increase rents and also repair deferred maintenance problems like leaky roofs and pealed paint. That can help keep the …

Charleston County Council task force recommends tax increase to fund affordable housing

A task force spearheading affordable housing in Charleston County is recommending raising property taxes to fund efforts in the area. At Tuesday’s council meeting, task force members shared details of their new study on affordable housing  noting that since 2010, home sale costs increased 24 percent and rental prices increased 49 percent while the median income rose only 12 percent. …

City of Charleston set to tear up Market Street as part of long-term drainage project

CHARLESTON, SC (WCSC) – The City of Charleston is planning to rip up both North and South Market Street as part of a project that aims at improving drainage in that area of downtown. It’s expected to take between three and four years to complete, according to Matthew Fountain, the city’s director of stormwater management. In that time, crews will …

With neighborhood backing, new hotel near Charleston’s City Market moves forward

A new Charleston hotel project with five-star aspirations secured a key city approval this week. A zoning board OK’d plans for a 115-unit property planned for a surface parking lot across from the City Market. Thanks to a unique agreement with the adjacent neighborhood association, many of the details — including building heights, the addition of a public amenity space and …

2 new restaurant chains opening in Charleston market

A restaurant chain new to the Charleston area is ready to serve its first ButterBurgers between Goose Creek and Summerville and at least two more locations are planned for the region. Wisconsin-based Culver’s, which specializes in its signature ButterBurgers and frozen custard, will welcome customers Monday at 1904 N. Main St. on U.S. Highway 17A. The location is just south …

What Will Be the Fate of Vacant Sears and Kmart Boxes?

While Chairman Eddie Lampert and his hedge fund ESL Investment managed to buy Sears out of bankruptcy and avoid liquidation—saving about 400 Sears stores—the looming question is what will happen to the hundreds of other shuttered Sears and Kmart locations around the country. Sears Holdings Corp., which owns Sears and Kmart stores, filed for chapter 11 bankruptcy protection last October …

The Landing at St. Johns Yacht Harbor

A 54-unit luxury condominium project called the Landing at St. Johns Yacht Harbor will soon rise between James and Johns islands off Maybank Highway. Provided rendering A Sullivan’s Island contractor has been selected to build a new 54-unit luxury condominium project near Charleston with prices starting just below $1 million. Brown-Glaws Construction will build the The Landing at St. Johns …

How To Better Adapt To The Changing Commercial Space

1. Offer Adaptable ‘Blank Canvas’ Spaces We believe commercial space should adapt with the internet in mind. Commercial space, especially office space, should cater to companies that are internet-based. For retail space, landlords should offer a “blank canvas” built for the 21st century. A space should appeal to Dunkin Donuts (old), or an Amazon grocery (new). – Otto Bonahoom, Bohouse 2. Help Build An E-Commerce Infrastructure The landscape of viable investment options …