$25 Mil Waterfront Office Building in the Works

CHARLESTON, SC-Commercial waterfront sites here don’t come cheaply but Bridgeside Co. expects its 2.1-acre parcel purchased for $3.5 million or $1.66 million per acre (38.26 per sf) will eventually pay off. Planned on the site near Patriot’s Point is Bridgeside Center, a four-story, 120,260-sf, class A office building. Charleston is 180 miles south of Downtown Charlotte.

The parcel was purchased from a group of partners at Ness Motley Richardson Poole & Loadholt, which has built its new law offices on an adjacent site. The project will offer 125 underground parking spaces with access to more than 500 surface slots. The principal in the Bridgeside project is local developer Sam Levin. Investors include Atlanta-based builder Tom Graham.