Story by cnmAdmin2030
October 6, 2017
CALL FOR OFFERS DUE OCTOBER 27, 2017
Sales Price: $6,950,000
Gross Land Size: 2.10 Acres
The property is located in the heart of the North Morrison district which has undergone significant redevelopment and transformation in recent years. The rejuvenation of this area began with the development of the Cool Blow project which consists of a mixed use development with 58 loft style apartments and 20,000 sf of office/retail space that was developed in the late 2000s. More recently, the Half Mile North project was completed and is located directly across Morrison Drive from the property. This area was redeveloped from old warehouses into a technology hub with tenants such as SIB, Blue Acorn, and Integral Solutions. In addition, Half Mile North includes Edmunds Oast Restaurant and Brew Pub, and Butcher and Bee café and deli.
Other new developments in the area include 930 North Morrison (930 NoMo) which is a 430-bed multi-story upscale apartment community targeted as student housing, redevelopment of 960 Morrison which is an approximate 23,000 sf office building, and redevelopment of the Cigar Factory which consists of 150,000 sf of office space and 50,000 sf of retail space. In addition to Edmunds Oast, and Butcher and Bee, the area has also seen a resurgence in restaurants, bars and microbreweries including Taco Boy, Desano’s Pizza, Revelry Brewing Company, The American, Home Team Barbeque, John Lewis’ Barbeque, Tattooed Moose, Santi’s and Rutledge Cab Co.
Planned developments for the area include the Charleston Digital Corridor’s Flagship 3 building which will be located at the corner of Morrison Drive and Conroy Street in close proximity to the property. The building is planned to be a 5-story, 63,000 sf building that is targeted to house start-up, intermediate and growth stage tech companies.
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