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Friday, August 5, 2011

NEWS - LOFTS AT LAURIE FILLING UP FAST

MAN! Ive ALWAYS wanted to live in a loft!  thee THIS place doesnt look anything like what my vision is for a loft apartment, but its a loft, and you have to start SOMEWHERE..lol.

MICHELLE

Lofts at Lourie’s filling up fast


As tenants began moving in on opening day Monday, the Lofts at Lourie’s were 75 percent rented.
“This has been the easiest property for us to rent so far,” said Kay Hampton, marketing coordinator for Capitol Places, which developed the 28 apartments above the new Mast General Store on Main Street and has four other rental buildings on the street. “It’s the hottest.”
Downtown rentals in Columbia are gaining momentum as home sales continue to slide and gas prices keep climbing. Another high-profile project, CanalSide, is preparing to more than double in size, and smaller developments, such as the Estates on Gervais town homes, are renting instead of selling.
“The fact that we’re just now getting ready to open up and all but seven apartments have been rented speaks for itself,” Hampton said of the studio, one- and two-bedroom apartments that rent for $730 to $1,375. The firm began advertising them for rent less than three months ago.
The Lofts and other projects are attracting professionals who work downtown and don’t want a long commute.
They draw people like John Roberts, who rented a two-bedroom, two-bathroom apartment in the Lofts, sight unseen.
The Philadelphia native graduated from Clemson University and the Charleston Law School. He just finished a master’s degree in tax law at the University of Florida in Gainesville and moved into his new Main Street home Monday with his fiancee, Randi Lynn Shelley, a University of South Carolina graduate.
Both are attorneys starting new jobs, Roberts at a downtown law firm and Shelley at the state Court of Appeals.
“We wanted to be near downtown and the Vista,” Roberts said. “We wanted no travel to work. We wanted to be part of the revitalization that’s going on and be near theaters and restaurants.”
Roberts sees the trend growing. “I think the ease of living downtown is appealing to many people.”
In addition to the Lofts:

• CanalSide, a 175-apartment riverfront community in downtown Columbia had only one vacancy as of Tuesday, property managers said. And its owner, Beach Development Co., is about to begin building 200 more apartments, Columbia development officials said.
• Vista Commons, a gated, 184-unit garden apartment complex in the Vista is full, a property manager said Tuesday.
• High-end town homes at the Estates on Gervais – in the Publix building at Gervais and Huger streets – are renting for $2,000 a month and are adding tenants.
The manner and pace at which the downtown Columbia area has attracted residents are astonishing, said Fred Delk, chairman of the Columbia Development Corp., which influences development patterns in the Vista area.
The attraction cuts across all the various types of housing choices, including apartments, lofts and condominiums.
“All the residences downtown are full,” Delk said.
And for occupancy levels to be what they are at this time of summer, Delk said, is an indication that the housing is drawing permanent residents, rather than students.
Professionals who have rediscovered downtown living buy into a lifestyle, Hampton said.
In downtown Columbia that means walking distance to shops, dozens of restaurants, museums, nightlife in the Vista, and very often, work, minus a long commute.
The renewed interest is coming as efforts to revitalize Main Street are starting to pay off.
Commercial interest is picking up with the opening of the popular Mast General Store in May. The quirky, N.C.-based retailer – an old-timey country store and cutting-edge outdoor outfitter – occupies the first floor and basement of the former Lourie’s men’s clothing store.
It is expected to be a catalyst for retail growth along the corridor.
The Nickelodeon Theatre is slated to open early next year. And several businesses, including a Brazilian steak house, an Italian ice restaurant and an art supply store, have opened or announced plans to open on Main Street near Mast in recent months.

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