Frampton Construction Breaks Ground on Largest Hotel and Conference Center in Summerville, South Carolina

Read More

Charleston, S.C. — Frampton Construction Company, LLC, a regional full-service construction firm providing planning and design support, preconstruction, construction services, and sustainability services throughout the Carolinas, is underway on construction of the Hilton Garden Inn-Homewood Suites Summerville and Lowcountry Event & Conference Center. The facility will be the largest and tallest of its kind in the Summerville area, with the accompanying event and conference center fulfilling a significant need for meeting, training, and accommodation space in the burgeoning business corridor.

Frampton Construction was selected by developer Lowcountry Hotels and partnered with project architect Bounds, Gillespie, Killebrew, Tushek, PLLC, to design, plan and build the 208,828 square foot facility.? The hotel and conference center will sit on a 6.1-acre site in the Nexton community, at the corner of Sigma Drive and Edge Street.

At a groundbreaking ceremony held June 28, Daniel Blumenstock from Lowcountry Hotels commented, “It was apparent to us that there was a need not just for a hotel in this market, but for event and conference space, and I believe we’ve found the perfect location, the perfect hotel brands, and the perfect mix by including the conference space in this development.”

Featuring a total of 250 guest rooms, the eight-story hotel will measure 93 feet in height, making it the tallest building in Summerville and Berkeley County. Amenities are set to include a full-service restaurant, bar and lounge, resort-style pool with cabana, several outdoor green spaces, a workout facility, and a business center.

Chad Frampton, president of Frampton Construction, said, “We’re honored to be part of one of the most significant private developments in Berkeley County and humbled by the confidence Lowcountry Hotels and the Fennell family have shown in the Frampton team.”

The dual-brand concept caters to both select service and extended stay hotel customers through one property by pairing two distinctly branded hotels under the same roof while consolidating guest amenity spaces and back-of-house-operations for maximum efficiency.

A two-story conference center with 14,000 square feet of meeting space will connect to the hotel. Keeping the area’s growing automobile manufacturing industry in mind, the conference center’s first floor will feature a back entryway suited for vehicle access and over 7,000 square feet of uninterrupted space large enough to showcase automobiles. Folding walls will allow this area to be separated into three smaller conference rooms as needed. The second floor will house six additional meeting rooms.

“We are excited to begin construction of this formidable project that will take a tremendous team effort. Over the next 20 months, our team will manage an estimated 500+ construction trade workers who will put in place approximately 8,000 cubic yards of concrete, 1,500 tons of steel, 1,750 gallons of paint, and over 350,000 square feet of drywall,” Frampton further commented.

Bill Peagler, Berkeley County supervisor, also at the ceremony, noted, “If there’s one thing I can say about Frampton Construction, they will get the job done, and they will get it done on time.”

Construction is expected to be complete in early 2020.

About Lowcountry Hotels:

Lowcountry Hotels is the hotel development and management company division of Fennell Holdings, with award-winning properties and staff leading the way in hospitality in Charleston, S.C. With a focus on dependability, efficiency, and customer focus, Lowcountry Hotels takes pride in their reputation for excellence in service and accommodations. Lowcountry Hotels offers exceptional hospitality to guests in their three Charleston Area Convention Center hotels, as well as the Ansonborough Inn in Historic Downtown Charleston, and are working to expand their venture across the Lowcountry with new projects in Mount Pleasant and Summerville. For more information, please visit www.lowcountryhotels.com or call 843-723-0009.

Frampton Construction is a regional full-service construction firm with financial strength and industry knowledge born of years of experience employing proven procedures. Frampton Construction offers planning and design support, preconstruction, construction services, and sustainability services. The dedicated team of professionals takes pride in building strong relationships with clients while providing the highest quality of service. They deliver executive leadership and personal oversight throughout the building process, while working diligently to exceed the expectations of every client. With offices in Charleston, S.C., and Charlotte, N.C., the company is positioned to manage projects in the Carolinas and beyond. For more information, please visit http://frampton.construction/ or call 843-572-2400.

Media? Contact:
Elizabeth Boineau,
843-869-4938 or 843-224-1106
eboineau@eboineauandco.com

In Photo: Pictured left to right in the attached photo from the groundbreaking ceremony are Fred Drulard (Senior Vice President, South State Bank), Gary Finnell (Senior Director of Development, Hilton Worldwide), Chad Frampton (President, Frampton Construction), Wiley Johnson (Mayor of Summerville), Scott Fennell (Chief Operating Officer and President, Lowcountry Hotels), George Fennell (Chairman, Lowcountry Hotels), Bill Peagler (Berkeley County Supervisor), Greg Padgett (Chief Financial Officer, Lowcountry Hotels), Brent Gibadlo (General Manager, Nexton), and Daniel Blumenstock (Director of Hotels, Lowcountry Hotels).

LandSouth Building Apartment Community in Historic Charleston, South Carolina

Read More

CHARLESTON, S.C. – LandSouth Construction, an award-winning Jacksonville, Fla. based general contractor specializing in multifamily, senior living and mixed-use development has begun construction on The Merchant, a $37 million luxury apartment community in historic Charleston, S.C.

Developer Pollack Shores Real Estate Group of Atlanta, Ga. chose Cline Design Associates of Raleigh, N.C. as the architect for the gated, 10 building, three and four-story development that sits on six beautifully landscaped acres. Completion is scheduled for December 2019.

“The Merchant’s architectural design and construction takes full advantage of its location and appeal to the city’s young professionals and students. The 244,940 square foot project will offer a host of on-site amenities including communal gathering spots and residences configured in one and two-bedroom floor plans.? It will also include commercial space that will further enhance the urban living experience,” said James Pyle, LandSouth President and CEO.

In its 20-year history, LandSouth Construction has completed more than 15,000 multifamily units, including apartments, senior living, condominiums, and townhomes.

The community’s Classic Revival architecture will be reflected in stand-alone apartment buildings with stucco and brick exteriors with cast stone columns, corbels and detailed cornices and paver sidewalks. Buildings will have interior corridors. The design signifies formal symmetrical design, decorative door surrounds, columns and sidelights.

The Merchant will feature 231 well-appointed apartment homes in 15 spacious floor plans in one or two bedrooms ranging from 565 to 1,074 square feet. Residences will feature luxury vinyl and carpeted flooring, stainless appliances, granite counter tops and shaker cabinets, tile back splashes and glass shower enclosures, washer and dryer, walk-in closets and six convenient elevators.

Stylish community amenities include a large clubhouse with a resort-style pool, clubhouse with gaming area, modern fitness center, Yoga studio, pet spa, and bike lounge. There will be abundant parking with surface space available as well as a mail room.

Located in trendy Nomo neighborhood of vibrant Charleston at 15 Huguenin Ave., residents will enjoy all that Historic Downtown Charleston has to offer including King Street shopping, entertainment and dining, The Merchant is convenient to the College of Charleston as well as the iconic Citadel and remarkable Fort Sumter national monument

The experienced LandSouth team is led by Project Manager Ryland Thompson, Field Superintendent Brian Stress and Project Administrator Sara Farrell. The Merchant is being managed by Matrix Residential.

LandSouth Construction is currently working on apartments, senior living and mixed-use developments throughout the Southeast including Charlotte, N.C., North Augusta, S.C., Boca Raton, Tampa, Bradenton, Kissimmee, Jacksonville, Boynton Beach, Delray Beach, Sanford, ChampionsGate, Winter Springs. Port St. Lucie and Orlando Fla., Chattanooga, Tenn., Hixon, Tenn., and senior living developments in New Port Richey, Nocatee, Bonita Springs and Fort Myers, Fla.

LandSouth uses its unique integrated construction approach where each service component works together to provide a seamless delivery system.

These components have been designed and refined to be complementary and each is performance enhanced with proven procedures, tested systems and the very latest technology. By emphasizing results and exceptional service, LandSouth Construction has created a construction process to provide the best possible value for clients.

For more information call (904) 273-6004 or visit www.landsouth.com.

Sullivan’s Island, South Carolina Named 5th Most Expensive Beach Town in America

Read More

Coastal Living along with Realtor.com have named its 10 most expensive beach towns in the United States for 2018.? The Lowcountry is proud to say that one of our beaches has made the top 10 in this years survey.

Coming in at #5 is Sullivan’s Island, South Carolina with a median home price of $2.45 Million.

The towns making the top 10 include:

  • #10 – Anna Maria, Florida – Median Home Price:? $1.4 Million
  • #9 – Avalon, New Jersey – Median Home Price:? $1.46 Million
  • #8 – Vineyard Haven, Massachusetts – Median Home Price:? $1.5 Million
  • #7 – Key Biscayne, Florida – Median Home Price:? $1.7 Million
  • #6 – Haleiwa, Hawaii – Median Home Price:? $1.88 Million
  • #5 – Sullivan’s Island, South Carolina – Median Home Price:? $2.45 Million
  • #4 – Nantucket, Massachusetts – Median Home Price:? $3.00 Million
  • #3 -Manhattan Beach, California – Median Home Price: 3.1 Million
  • #2 – Water Mill, New York – Median Home Price:? $3.75 Million
  • #1 – Malibu, California – Median Home Price:? 3.95 Million

Complete Listing and Summary – Coastal Living

How Much Does Your Household Need to Make to Buy a House in South Carolina (And the rest of the U.S.)?

Read More

Howmuch.net has collected average home prices for every state from Zillow which were then plugged into a mortgage calculator to figure out monthly payments. The interest rate used varied from 4 to 5% in each state, depending on the market. The lower the interest rate, the lower the monthly payment. To keep things simple, they assumed buyers could contribute a 10% down payment.

Another factor to keep in mind is that financial advisors commonly recommend the total cost of housing take up no more than 30% of gross income (the amount before taxes, retirement savings, etc.). Using this rule as our benchmark, they calculated the minimum salary required to afford the average home in each state.

Let us start with the Top 5 Best and Worst:

Top 5 Places Where You Need the Lowest Salaries to Afford the Average Home

1. West Virginia: $38,320 for a house worth $149,500
2. Ohio: $38,400 for a house worth $149,900
3. Michigan: $40,800 for a house worth $160,000
4. Arkansas: $41,040 for a house worth $161,000
5. Missouri: $42,200 for a house worth $165,900

Top 5 Places Where You Need the Highest Salaries to Afford the Average Home

1. Hawaii: $153,520 for a house worth $610,000
2. Washington, DC: $138,440 for a house worth $549,000
3. California: $120,120 for a house worth $499,900
4. Massachusetts: $101,320 for a house worth $419,900
5. Colorado: $100,200 for a house worth $415,000

Where do we stand in South Carolina?

$58,840 Salary for a house worth $150,600*

*Zillow Average South Carolina Home Price

 

Charleston, S.C. Ranked #76 Among Most Popular Cities for Millennial Homebuyers in Latest Survey

Read More

 

Interluxe to Offer South Carolina Luxury Sportsman’s Retreat through Online Auction

Read More

CHARLOTTE, N.C., Jan. 18, 2018 /PRNewswire/ — Golf, tennis, horseback riding, hiking, fishing, hunting, boating, swimming and pristine natural beauty are all practically on the doorstep of this exclusive plantation estate home in Brays Island, South Carolina. Beginning Monday, January 29 at 9:00 a.m. EST, one lucky bidder will have the opportunity to call this magnificent retreat home.

Brays Island is a private, shared plantation in the heart of South Carolina Lowcountry, surrounded by nature preserves of salt marshes, ponds and huge trees draped in Spanish moss. More than 20 miles of tidal estuaries, as well as direct access to nearby rivers and the ocean, offer unlimited variety for boating, canoeing, kayaking, fishing and crabbing. The nature center hosts activities for people of all ages to explore the history of the plantation and wildlife of the region.

This serene natural setting is supplemented by deluxe community amenities including equestrian facilities and trails; golf with no tee times; a fitness and tennis center; indoor and outdoor swimming pools; skeet, five-stand and clay trap shooting; and expert instruction in all these pursuits.

In the midst of this sporting paradise is a magnificent 4-bedroom family home with semi-detached 2-bedroom guest home, set on a bluff overlooking serene views of woods and waters. Built in 2002, it blends integrated state-of-the-art electronics, including a THX home cinema system and multi-zone sound, with elegant traditional craftsmanship such as mahogany paneling, marble and hardwood floors, and four fireplaces.

The open floor plan flows seamlessly through entertaining and relaxing areas, including formal dining, a breakfast nook surrounded by bay windows, and a gourmet kitchen with stainless steel appliances, two islands, two sinks and a dedicated grill top. For outdoor living and entertaining, Brazilian Ipe wood decked porches wrap around the home and open off of nearly every room.

Private and family pursuits have also been catered for, including an exercise room and executive study. The master suite is a gracious retreat with its own fireplace, spa bathtub, huge walk-in shower, and a private deck overlooking the tree-lined pond. For extended family, the guest house offers a luxurious living zone all their own.

The perfect spot for living the southern outdoor lifestyle, Brays Island seems a world away from the bustle of the city. Yet both Charleston and Savannah are in easy reach for an array of modern entertainment and services.

The owners of this remarkable property have chosen to offer it through online auction because, says Interluxe President Scott Kirk, “It’s an excellent way to obtain competitive pricing and fair market value. Traditional real estate marketing techniques often fall short with unique, luxury properties because of their limited reach, but with Interluxe, a larger pool of bidders from all over the world can easily participate.”

Kirk also notes that an online auction sale has a fixed closing date within 45 days, while even the most desirable high end properties may sit on the market for months or even years. “Sellers love that they can control their outcome and move on with their lives,” he says.

More information about the property, open house preview dates and procedures for registering to bid can be found at www.Interluxe.com. To make an appointment to view a property, call the Interluxe Auction Manager at (888) 415-5893.

The sale is being conducted in cooperation with the listing agent, Paul Burton of Brays Island Realty. Agents are protected and a commission will be paid to the buyer’s representing broker. See Auction Terms and Conditions at www.Interluxe.com for full details.

About Interluxe:

Interluxe is the next step in the evolution of the real estate industry. Its streamlined and intuitive online platform allows motivated sellers, qualified buyers and seasoned agents around the world to interact, facilitate transactions and achieve the best possible outcomes, all within 45 days. Since its founding in 2013, Interluxe has represented properties in 27 states and territories throughout the U.S. and abroad and is expanding to more international territories. More information is available at http://www.Interluxe.com.

Contact:

Interluxe
media@interluxe.com
(888) 415-LUXE

SOURCE Interluxe

Related Links

http://interluxe.com

Residential Real Estate Sales and Prices Continue Level Pace in Charleston Region

Read More

CHARLESTON, SC—(November 13, 2017) According to preliminary data released today by the Charleston Trident Association of Realtors? (CTAR) 1,316 homes sold in October in the region at a median price of $250,080, reflective of a 2% boost in sales and 4% growth in median sales price as compared to last October, when 1,287 homes sold at a median price of $240,000.

The year-to-date pace of growth in sales and median price tightened slightly again but still show healthy levels of increases over last year. 15,465 homes have sold in the region at a median price of $250,000 thus far in 2017. Sales volume has increased about 3% compared to 2016, with homes selling for about 4% more than they did at this point last year.

“As we reported last month, the pace of sales has slowed, but our market is still healthy and active—well-priced homes are moving off-market and there’s still considerable interest in our region. We have yet to realize the real estate impacts of huge economic investments like the Volvo plant” said 2017 CTAR President Dave Sansom. “Inventory has been a challenge in Charleston for awhile, and after years of significant price growth we’re seeing affordability issues really take hold. It is making it more difficult for some people to find a home that they can afford and that serves their needs” said Sansom. “We believe that sales would be even stronger if there were more inventory available in key price ranges and locations where there is little to nothing available currently.?We’re continuing our work with local municipalities and legislators to help them understand the importance of smart growth and development that will best serve our local communities and residents alike” he concluded.

5,320 homes were listed as “active” for sale in the Charleston Trident Multiple Listing Service (CTMLS) at the end of the month, slightly higher than last month but about 11% fewer homes available than in 2016.

September Adjustment

Preliminary data showed 1,422 homes sold in September in the region at a median price of $256,335.? Adjusted numbers now show 1,424 sales at a median price $256,000.

Berkeley County

365 properties sold at a median price of $225,000 in Berkeley County in October. Year-to-date, single-family home sales have increased about 5% in the County, with buyers paying about 4.5% more than they did a year ago.? Condo and townhome sales have increased 27% with a 12% increase in price.

There are currently 1,080 residential properties for sale in Berkeley County—935 single-family homes and 145 condos/townhomes.

Find Berkeley County area reports here.?

Charleston County

622 properties sold at a median price of $316,119 in Charleston County in October. Year-to-date, single-family home sales volume is flat in the County, with buyers paying about 6% more than they did a year ago.? Condo and townhome sales and prices have both increased by about 5%.

There are currently 2,839 residential properties for sale in Charleston County—2,201 single-family homes and 638 condos/townhomes.

Find Charleston?County area reports here.?

Dorchester County

274 properties sold at a median price of $218,000 in Dorchester County in October. Year-to-date, single-family home sales have increased less than 0.5% in the County, with buyers paying about 6% more than they did a year ago.? Condo and townhome sales have increased 4% with a 3% increase in price.

There are currently 786 residential properties for sale in Dorchester County—729 single-family homes and 57 condos/townhomes.

Find Dorchester?County area reports here.?

Media Contact:
Meghan Byrnes Weinreich | 843.793.5208
Marketing and Communications Director
Charleston Trident Association of REALTORS

Monmouth Real Estate Announces New Acquisition In Charleston, SC

Read More

FREEHOLD, N.J., Nov. 2, 2017 /PRNewswire/ — Monmouth Real Estate Investment Corporation (NYSE: MNR) today announced the acquisition of a brand new 121,683 square foot industrial building located at 1892 Anfield Road, N. Charleston, SC ?at a purchase price of $21,872,170. The property is net-leased for 15 years to Federal Express Corporation. The building is situated on approximately 16.2 acres.

Michael P. Landy, President and CEO, commented, “We are very pleased to announce this acquisition which is ideally located near the Charleston International Airport. Over the past several years we have strategically positioned our portfolio to benefit from the supply chain’s shift toward the eastern seaboard as the result of the recently completed Panama Canal expansion. The Port of Charleston has been one of the biggest beneficiaries of this change and we expect this region’s strong economic growth to continue for many years to come.”

Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the U.S.? The Company specializes in single tenant, net-leased industrial properties, subject to long-term leases, primarily to investment-grade tenants.? Monmouth Real Estate Investment Corporation is a fully integrated and self-managed real estate company, whose property portfolio consists of 109 properties containing a total of approximately 18.9 million rentable square feet, geographically diversified across 30 states. ?In addition, the Company owns a portfolio of REIT securities.

SOURCE Monmouth Real Estate Investment Corporation

Related Links

http://mreic.com

BoomTown Unite Real Estate Conference Early Bird Tickets Available

Read More

Description

Unite, BoomTown’s annual client conference, draws over 500 of the top real estate agents and brokers from across the US and Canada. Two days are packed with networking and evening events, hands-on learning, and strategies to set you up for success. A speaker lineup of industry luminaries will deliver sessions designed to strategize best practices on everything from generating prospects and building a team to creating a winning digital strategy. See full event site here.

Unite 2018 Theme: Fuel Your Potential.
You know there’s more potential for your business, but are you losing speed? Competitors race to claim market share and you need to move quicker. Seize opportunities faster. Compete at the velocity of today’s digital world. An extraordinary business requires extraordinary action, and we’ve got the experts and strategies to help you achieve. Fueling your potential is not an outcome, but a commitment, so let’s come together to ignite your strategy and drive results. It’s about time.

Full Conference | Tuesday – Wednesday, March 20-21 | 9AM to 5PM

Ticket Purchase Includes access to:

  • All General & Breakout Sessions at the Gaillard – 95 Calhoun Street, Charleston, SC 29401
  • Pre-Registration Party
  • Welcome Party

Early Bird: $275 (August 1st – December 31st, 2017)
Regular: $350 (January 1st – March 18th, 2018)
Team of 3-6: $225
Team of 7-9: $175
Team of 10+: $125
On Site Tickets: $425 (March 19th – March 21st, 2018)

Training Day | Monday, March 19 | 8:30AM to 4PM
Are you a new user? Get here a day early for our pre-Unite training workshops. With our own training team at the helm, these hands-on workshops are designed to help you build a solid foundation and maximize the BoomTown system. Fuel your potential for success and emerge a BoomTown champion!
Cost: $99
*Stay tuned for more details!*

Hotel Room Block Info Coming Soon!

FAQs
Cancellation/Refund Policy
Registrants who are unable to attend Unite must request a cancellation or substitution in writing, via email to Unite@boomtownroi.com by December 31st, 2017. A $35 administrative fee will be applied to all cancellations received before December 31st, 2017. Refunds and substitutions will NOT be issued after December 31st, 2017.

Substitution Policy
You may transfer your conference registration to another individual for the same event you are registred for by notifying us, in writing at Unite@boomtownroi.com. All substitution requests must be made by March 16th. Any substitutions made on or after the start of the event will require a $100 fee.

Force Majeure
If events beyond the reasonable control of the parties, including, but not limited to, acts of God, war in the United States, strikes, terrorist attacks in the city where the event is being held, or curtailment of transportation either in the event city or in the countries/states of origin of the attendees, which prevents at least 40% of the attendees from arriving for the event, so that it is impracticable, illegal, or impossible to hold the conference, BoomTown may cancel the event and offer attendees a credit for a future BoomTown conference in the amount of the paid registration fee.

Latest Cost of Living and Population Data for Charleston, South Carolina – How Do We Compare

Read More

Cost of living is an important topic in Charleston, South Carolina.? It continues to stir up much debate, good and bad.? We have looked at three sources and compiled a summary of the latest cost of living and population statistics and how they compare with the rest of the state and country.? To add some perspective, we have also included links to the most expensive area homes for sale.

This data does bring awareness and hopes it continues the conversation.

This data looks closely at rent, home ownership, utilities, population averages, unemployment, commute, utilities, household goods and entertainment.

We welcome your thoughts and comments below.

 

Median Age:? 33.2
Married Population:? 41.2%
Unemployment Rate:? 4.4%
30 Year Fixed Mortgage:? 3.638%
Median Home Price:? $261, 400
Average Commute Time:? 22 Minutes

Breakdown of individual costs

 

 

Cost of Living Comparison

Cost of Living Charleston: 114

Cost of Living South Carolina: 97

Cost of Living National: 100

Most Expensive Charleston Area Home Listings on Trulia

Million Dollar + Home Listings in Charleston Area on Trulia

Source:? Sperling’s Best Places, Expatistan and Area Vibes