Courier Square - Phase 1 Charleston, South Carolina 1
FOR LEASE - Up to ±19,0 SF of Retail Space Build-to-Suit Opportunity in World-Class Mixed-Use Building Property Features ±1,5-19,0 SF of retail space available facing either Meeting reet or Columbus reet, inside Courier Square All spaces are subdividible down to ±1,5 SF and offer build-to-suit opportunity On-site parking garage esigned by renowned architect, Robert A.M. ern, Courier Square is a state-of-the-art structure unlike any other on the peninsula (target completion date: Q1 2018) Upon completion, Courier Square will be home to Greystar s World Headquarters, and additionally house luxury apartments and Class A retail space Immediate proximity to Charleston s iconic King reet and the rapidly-growing Upper Peninsula Centrally located, offering convenient access to Highway 17, I-26 and Charleston s Lower Peninsula Lease Rate: $40 PSF, NNN Located in the Heart of owntown Charleston s Upper Peninsula Site For more information: avid Ingle +1 843.518.5303 dingle@naiavant.com 1
Ground Floor Layout Build-to-Suit Opportunity in World-Class Mixed-Use Building 6,0 SF 8,8 SF 2,7 SF 4,126 SF 12
Ground Floor Overview Build-to-Suit Opportunity in World-Class Mixed-Use Building Retail Space A Retail Space B Retail Space Enclosed Parking Retail Space C 13
Property Renderings Build-to-Suit Opportunity in World-Class Mixed-Use Building View from Columbus reet The rendering above showcases two premier retail spaces facing Columbus reet. These retail spaces open up to a large sidewalk that allows for outside seating, with opportunity to install awnings for shading. A right turn around the corner leads pedestrians directly onto King reet-charleston s most reconigized street-in the heart of the evolving Upper Peninsula. View from Meeting reet The rendering above showcases two premier retail spaces facing Meeting reet. These retail spaces allow for awnings and provide convenient access to/from one of owntown Charleston s busiest streets. Less than a mile north of the retail shop doors, traffic is flowing in off of I-26 at a rate of 17,0 cars per day. Half of a mile south of the retail shop doors is The Charleston Museum, which attracts heavy daily foot traffic and 18,0 cars per day in the surrounding area. 14
The Upper Peninsula is on the Rise owntown Charleston Activity #2 Hot Real Estate Markets to Watch Market Indicators In Relation to Prior Quarters VACANCY NET ABSORPTION CONSTRUCTION RENTAL RATE Q3 2016 Q4 2016 + + Charleston s Lowcountry Lowline 1.6 Miles *Note: Construction represents the change in Under Construction Businesses in the Upper King reet Corridor Include: - BoomTown - Hyatt Place Charleston - The Ordinary - Elan Midtown - arbucks - SkyGarden Apartments - 595 King reet (mixed-use development) The planned linear park will be flanked by King and Meeting reets, stretching along the spine of the peninsula from Woolfe reet to just north of Mt. Pleasant reet U-haul Site to be eveloped into City Park The U-Haul Moving & orage site situated on the corner of Upper King reet and Spring reet serves as a prime location for a city park. The City of Charleston is aiming to purchase the property and redevelop the land during the next few years. 15
Aerial owntown Charleston Activity Courier Square 26 930 NoMo Underway: 430 Beds (Off-Campus udent Housing) East Central Lofts Expansion Proposed: 7 ories. 264 Units with 387 P Spaces East Central Lofts SOL: SOL May 2015 $12.4M (72 Units),0 16 50 t 0 The Cigar Factory Anchor: Garden & Gun 16,7 SF Grace Boutique Hotel Proposed: 50 Rooms with 5,780 SF Restaurant/2,0 SF Retail, 55 S EB GREYSTAR COURIER SQUARE OFFICE BUILING e Me ay Project atus ESIGN EVELOPMENT September 26,2014 9102-132970 Enter address here Port of Charleston Columbus reet P 0V g tin Courier Square 0 9,9 e Av The Citadel 8, 7 83,8 V P Meeting at Jackson & Lee Proposed: 5 ory Mixed-Use. 128 Units with 208 P Spaces & 11,2 SF Office g in K y hle As e Av ge t le d Ru Hampton Park 17 Element by Westin - Aloft Planned: ual-branded. 170 Rooms. arwood Flags. ETA 2017 Cooper River Hyatt House - Hyatt Place Underway: ual-branded Hotel. 304 Rooms. Crosstown Plaza Two Towers with Central Courtyard (Planned: 5 ories. 60 Units.) ESIGN WORKS 205 1/2 King reet Charleston SC 29401 tel:843-723-5525 MOORE LINER ENGINEERING INC 250 N. Trade reet Suite 206 Matthews, NC 28105 tel:704-321-1266 LS3P ASSOCIATES LT. 227 West Trade reet Suite 7 Charlotte, NC 28202 tel:704-333-6686 JORAN SKALA ENGINEERS 4601 Charlotte Park rive Suite 1 Charlotte NC 28217 tel:704-599-4377 Boutique Hotel at 583 King Proposed: 5 ories. 54 Rooms JORAN SKALA ENGINEERS 4601 Charlotte Park rive Suite 1 Charlotte NC 28217 tel:704-599-4377 JORAN SKALA ENGINEERS 4601 Charlotte Park rive Suite 1 Charlotte NC 28217 tel:704-599-4377 JORAN SKALA ENGINEERS 4601 Charlotte Park rive Suite 1 Charlotte NC 28217 tel:704-599-4377 Holiday Inn [Completed: 120 Rooms] Homewood Suites by Hilton Underway: 139 Rooms Parking Garage at Morris Sokol (Proposed: 603 Spaces) Marion Square Marion Square Millenium Mixed-Use Planned: Retail Redevelopment/Renovation (King & Calhoun) 10 WestEdge Proposed: 350 Apartments with Full Service Grocery (890 Parking Spaces) oun Calh ewberry Hotel Underway: Office Reno to Four-ar Hotel 161 Rooms 96 President Proposed: Mixed-Use: 63 Units with 82 Parking Spaces Medical University of SC Bennett Hospitality at 246 Spring. Proposed: 5 ories. Former Arby's. Luxury Hotel at Marion Square Proposed: 8 ories. 185 Rooms. Hotel at Concord Park Proposed: 1 Rooms. ETA 2017. arwood Tribute Flag Boutique Hotel at 475 & 483 King Proposed: Mixed-Use on nn Ca t SC Aquarium S ng,6 19 ri Sp West Elm Charleston Opened August 2015 ng Ki 56,8 P Fire Tower Boutique Hotel at HoM Planned: 4 ories. 24 Units. Brittlebank Park 17 SEAMON WHITESIE 501 Wando Park Blvd Suite 2 Mt Pleasant, SC 29464 tel:843-884-1667 843-884-6944 0V WestEdge Research istrict 22 WestEdge Planned: 151,0 SF Office/Research Building (8 ories) 9 18, Harmon Field 0 9,5 99 WestEdge Planned: Phase I: 207 Apartments with Ground Floor Retail (955 Parking Spaces) Elan Midtown Underway: Mixed Use eveloment (reet Level Commercial; 2-Unit MF) CIVIL LANSCAPE STRUCTURAL ARCHITECTURAL FIRE PROTECTION PLUMBING MECHANICAL ELECTRICAL College of Charleston T Bank Arena Galliard Center Underway: Municipal Project: 260,0 SF Performing Arts Center Port of Charleston Union Pier Hotel at 115 Calhoun Proposed: 46 Rooms Map Updated: Monday, October 05, 2015. This information submitted is not guaranteed. Although obtained from reliable sources, all information should be confirmed prior to use or reliance upon the information. This document may not be reproduced in whole or in part without the express written consent of NAI Avant. owntown Charleston South Carolina 16
emographics Intersection of Meeting & Columbus reets 1 Mile 3 Miles 5 Miles 1 Mile 3 Miles 5 Miles 1 Mile 3 Miles 5 Miles Population 2016 Age istribution Median Household Income 2010 Census 20,158 43,792 121,978 0-4 4.9% 5.0% 5.7% 2016 Estimate $28,546 $39,3 $48,808 2016 Estimate 21,711 47,436 131,726 5-9 3.2% 3.6% 5.0% 2021 Projection $28,583 $42,418 $54,706 2021 Projection 23,325 51,026 141,923 10-14 2.8% 3.1% 4.5% % Chg. 2016-2021 7.4% 7.6% 7.7% 15-19 15.6% 11.2% 7.3% Average Household Income 20-24 26.5% 21.1% 12.2% 2016 Estimate $49,048 $72,684 $76,739 Households 25-34 14.4% 15.3% 15.9% 2021 Projection $52,911 $79,274 $84,362 2010 Census 7,888 18,232 52,366 35-44 6.7% 8.3% 11.2% 2016 Estimate 8,655 20,024 57,090 45-54 8.2% 9.5% 12.4% Per Capita Household Income 2021 Projection 9,451 21,816 61,951 55-64 8.3% 10.2% 11.8% 2016 Estimate $21,864 $32,120 $33,878 65-74 4.9% 6.5% 7.2% 2021 Projection $23,648 $35,191 $37,367 Families 75-84 3.2% 4.3% 4.6% 2010 Census 2,727 7,677 27,154 85+ 1.5% 1.9% 2.2% 2016 Household Income ist. 2016 Estimate 2,854 8,180 28,953 Less than $15,0 29.3% 22.1% 16.1% 2021 Projection 3,045 8,774 31,079 Median Age $15,0 - $24,999 14.7% 12.1% 10.7% 2010 Census 24.5 28.1 34.5 $25,0 - $34,999 13.9% 11.3% 10.5% 2016 ist. by Race & Ethnicity 2016 Estimate 24.8 29.2 35.8 $35,0 - $49,999 13.2% 12.6% 13.5% White Alone 58.4% 67.6% 70.1% 2021 Projection 25.5 30.5 37.1 $50,0 - $74,999 11.8% 13.0% 16.4% Black Alone 37.6% 28.7% 26.0% $75,0 - $99,999 5.5% 8.4% 10.2% American Indian Alone 0.2% 0.2% 0.2% Average Household Size $1,0 - $149,999 5.8% 8.8% 11.0% Asian Alone 1.5% 1.6% 1.4% 2010 Census 2.17 2.10 2.21 $150,0 - $199,999 2.3% 4.1% 4.9% Pacific Islander Alone 0.0% 0.0% 0.1% 2016 Estimate 2.14 2.09 2.19 $2,0 and Up 3.5% 7.5% 6.7% Some Other Race Alone 0.5% 0.5% 0.7% 2021 Projection 2.13 2.08 2.19 Two or More Races 1.6% 1.5% 1.5% 2016 Business ata Hispanic Origin (Any Race) 1.7% 1.8% 2.2% 2016 Housing ata Total Businesses: 1,780 4,795 10,068 Owner Occ. Housing Units 2,153 8,178 29,045 Total Employees: 50,603 91,531 142,626 Renter Occ. Housing Units 6,502 11,847 28,045 16