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Expensive house, new hotel, groceries on break, units ready to rent top real estate events

Major real estate transactions in Charleston are never dull, and the past week brought the usual flurry of moves and deals, new construction plans and a pause in action at two sites.

On Sullivan’s Island, a beachfront home has sold for nearly $10.4 million as plans are underway to add an eight-story hotel to the back of a King building Street. Meanwhile, discount grocer Lidl has halted work on two new stores it is building in the Lowcountry, but plans to announce future details in the fall.

Morrison Yard apartments are nearing completion on Morrison Drive on the Charleston Peninsula. The first 76 units of the 379-unit complex will be ready for occupants in September. Morrison Court/Supplied

$160 million apartments to welcome the first tenants in the fall

Morrison Yard Apartments will offer 379 units when the complex on Morrison Drive is completed later this year, but the first 76 units are expected to be ready for rent in September on the 10-story development on the Charleston Peninsula.

Massachusetts firm moves headquarters to Charleston after $8.3 million office, $12 million hotel deals

By the numbers

1: Charleston ranked by Travel + Leisure magazine as the top tourist destination in the United States for the 10th consecutive year​​​​​​​.

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2: Number of Lidl discount grocery stores under construction in the Charleston area where work has ceased.

420,000: Median price of a home in the Charleston area in June. The price is up 18.3% from June 2021.

New N. Charleston Mall to see the opening of the first store;  new restaurant en route to Cainhoy

This week in real estate

+ On the way: Cleats, a new sports restaurant and bar, plans to open at The Refinery, where the mixed-use office building will open its amphitheater in August on Charleston’s Upper Peninsula.

+ Make a house: Atlanta-based furniture store Ballard Designs plans to take over space vacated by Pier 1 Imports in Mount Pleasant.

+ Under construction: A new restaurant may soon be announced for the corner space of Meeting and Columbus streets at Courier Square.

Near-record sale of $10.4 million on Sullivan’s Island

Sullivan's Island home 841 Middle St. (copy)

The two-story, 5,655-square-foot oceanfront home at 841 Middle St. on Sullivan’s Island recently sold for $10.4 million. Provided

The two-story, 5,655-square-foot oceanfront home at 841 Middle St. on Sullivan’s Island recently sold for $10.4 million. Provided

The new office project in North Charleston is now 81% occupied;  Office building sells for $16.9M

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