The Cigar Factory and other new developments on the Eastside in Charleston South Carolina
The Simpson Organization Inc., an Atlanta real estate company, recently purchased The Cigar Factory, a former cotton mill built in the 1880’s on the National Register of Historic Places and a prominent Charleston landmark, for $22 million and plans to renovate the office building into a mixed-use condominium complex.
Simpson’s plans for the property include 77 residential loft style condominium units featuring 15 foot ceilings and expansive windows, a swimming pool, wine cellar, fitness club and other amenities on the upper floors of the building and a mix of retail and office space on the first floor. Pricing will range from about $400,000 to $1.4 million with the first units ready in early 2009. Ask me about how to get on the waiting list and I’ll get you priority registration.
Since the Old Cooper River Bridges have now been torn down and replaced with the Ravenel Bridge, read about other developments planned for the East Side as the neighborhood will once again connect to the Charleston peninsula and become an important part of downtown Charleston as gentrification and new development are on the horizon. Please read about other developments planned for the Eastside from the Charleston Business Journal.