Dewberry Capital Starts Work on Charleston-Area Apartments
Work has strarted on Oyster Park Apartments, a $28.5 million residential development in Mt. Pleasant, S.C., in metro Charleston.
By Dees Stribling, Contributing Editor
Mt. Pleasant, S.C.—Work has strarted on Oyster Park Apartments, a $28.5 million residential development in Mt. Pleasant, S.C., in metro Charleston. Dewberry Capital, based in Atlanta, is the developer of the 269-unit community, which will include seven buildings and a multi-level private parking garage.
The property is located on about 5.2 acres across the river from historic Charleston. The property will include studios, along with one- and two-bedroom units, ranging from 589 square feet to 1,023 square feet. Units will feature various upscale finishes, such as quartz counter tops.
Common amenities will include elevators, a pool and community area, along with a fitness center, Bocce Ball and a 3,150-square-foot clubhouse. The development has preserved a number of grand oaks throughout the property.
Jacksonville-based LandSouth Construction is the GC for Oyster Park Apartments, which was designed by the architectural firm of McMillan, Pazdan, Smith of Greenville, S.C. Completion is slated for late 2016.
Dewberry Capital has acquired more than 80 acres of land on the Eastern Seaboard in such as markets as Atlanta, Richmond, Jacksonville, and Charleston, and plans to develop about 10 million square feet of commercial and residential properties. LandSouth Construction has completed more than 10,000 multifamily units, including apartments, senior living, condominiums and townhomes.