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Be a part of the future at 45 ROMNEY STREET 0.79 acres of Qualified Opportunity Zone Property HALF MILE NORTH FOUNDRY POINT 999 MORRISON DRIVE 800 SPACE GARAGE 55 ROMNEY
Be a part of the future at
45 ROMNEY STREET0.79 acres of Qualified Opportunity Zone Property
HALF MILE NORTH
FOUNDRY POINT
999 MORRISON
DRIVE800 SPACE
GARAGE
55 ROMNE Y
ContentCITY OVERVIEW 3
4-56-78-910
11-14
PROPERTY OVERVIEWLOCATION MAPSURROUNDING DEVELOPMENTAMENITIES NEARBYACCESS TO LOCATION
ContactChris Fraser, CCIMManaging DirectorD 843.973.8356C [email protected]
Leslie FellabomSenior Vice PresidentD 843.973.8357C [email protected]
Kisha LylesAssociateD 843.203.2033C [email protected]
Avison Young is pleased to present 45 Romney Street. Interested parties are encouraged to contact Avison Young for details and to tour the property. Offers will be reviewed after the deadline.
Offering Process Deadline | March 29th, 2019Call For Offers
The O ffering
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Peter
NOMO
South Carolina is one of the most historical cities in the nation. Located on the peninsula, this artistically and architecturally rich city, with one of the busiest container ports along the Southeast and Gulf coast, is a melting pot of culture which is largely reflected in the variety of everyday life, recreation, food and people. The Tri-County area (Charleston, Berkeley and Dorchester county) has a strong broad-based economy with market drivers including education, entertainment, healthcare, manufacturing, military defense, port-related trade, technology and tourism. With a plethora of recreation and dining options including numerous beaches, countless festivals, and multiple local farmers markets, one could easily have a completely different experience with each visit to the “Holy City”.
CHARLESTON
has experienced unprecedented growth and economic diversification, with both multinational corporations and fast-growing startups taking advantage of our globally competitive business environment and rapidly expanding, diverse population. Charleston is such an enticing city that, according to the Charleston Regional Development alliance, 28 people relocate here every day.RE
GION
THE
amalgamation of tradition and innovation, Charleston has become a beacon of growth and development in the region. One of the areas that has quickly grown into the new frontier of that growth and development is North of Morrison, affectionately referred to as NOMO. A technological and culinary hub on the peninsula, NoMo is home to an influx of cutting edge eateries and technology focused centers that continue to change the face of this underutilized area. So much so, that this rapidly growing community has been referred to as Charleston’s “Creative Corridor”. Areas like this are why Charleston has been repeatedly voted the best city in the Nation and in the World.
A UNIQUE
45 ROMNEY STREETis an ideal development opportunity as it is positioned in the center of Charleston’s NOMO area. Adjacent to 45 Romney, and already under construction, are multiple 200+ unit multifamily apartment complexes, an 800 space garage and a 6-STORY, 92,000 sf tech center to name a few. Housing options and creative dining locations are within walking distance, as well as a myriad of attractions just a short drive away. 45 Romney is perfectly positioned to be a setting conducive to growth and prosperity.
*Disclaimer : Consult tax advisor as it relates to benefits scopportunityzone.com
QUALIFIED OPPORTUNITY ZONEGrounded deep in the heart of NoMo, 45 Romney Street exists in one of the state of South Carolina’s Opportunity Zones. Opportunity Zones are a part of a program developed by Congress to provide a federal tax incentive for taxpayers who invest "Opportunity Funds” into low income areas. Incentives to investing in an Opportunity Zone include but are not limited to:
Investors can roll existing capital gains
into Opportunity Funds with no up-front tax
bill.
A 5 year holding increases the
rolled-over capital gains basis by 10%
A 7 year holding increases the
rolled-over capital gain investment basis 5% for a total of 15%
Investors can defer their original tax bill until December 31, 2026 at
the latest, or until they sell their Opportunity Fund investments, if
earlier.
Opportunity fund investments held in the fund for at least 10 years are not taxed for capital
gains.
With development and population both on the rise, demand for space in Charleston is burgeoning. NoMo is steadily transforming into an epicenter of innovation and 45 Romney is the ideal location to take the companies that dwell there to new and exciting heights.
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3 mi
N
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NData SIO, NOAA, U.S. Navy, NGA, GEBCO
Data SIO, NOAA, U.S. Navy, NGA, GEBCO
Data SIO, NOAA, U.S. Navy, NGA, GEBCO
Image © 2018 TerraMetrics
Image © 2018 TerraMetrics
Image © 2018 TerraMetrics
Image Landsat / Copernicus
Image Landsat / Copernicus
Image Landsat / Copernicus
SUBJECT PROPERTY
CHARLESTON INTERNATIONAL AIRPORT
MOUNT PLEASANTWEST ASHLEY
CHARLESTON
Minutes From Airport & Suburban Markets Adjacent Developements
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Legend
3000 ft
N
➤➤
N
65
Technology CenterCeterus
1
275 Units | Under Construction Foundry Point
3
Technology CenterBlue Acorn
2
SUBJECTPROPERTY
Approved
92,000 sf office with 800 space garage parking
4
5 5 R O M N E YC h a r l e s t o n , S CA 260-Unit Multifamily Development
5 5 R O M N E YC h a r l e s t o n , S CA 260-Unit Multifamily Development
5 5 R O M N E YC h a r l e s t o n , S CA 260-Unit Multifamily Development
260 Units | Under Construction 55 Romney Street
65
Multi-familyEast Central
10
Multi-Family838 Morrison Drive
11
2
1
3
4
9
7
8
1110
In Design695 Meeting Street
7
4 Story Multi-Family651 Meeting Street
98
CHARLESTON COUNTY
OPPORTUNITY FORREDEVELOPMENT
PROPERT Y HIGHLIGHTS
A variety and abundance of housing within walking distance
Ample parking on site and nearby
Adjacent to scores of high tech companies
Surrounded by multiple food outlets
P
Adjacent to proposed parking facility
Special height district allowsup to 12 story building
Rectangular shape ideal for large floor plate development
Qualified Opportunity Zone Property
Center of high Techcorridor
Proximate to new housing and amenities
45 Romney Plat
Health & Fitness Businesses Shop
Spectrum PaintEdmund’s Oast ExchangeIndigo Market
Bird Decorative Hardware and Bath
Wulbern-Koval Co
Beauty & BeyondRug Masters
Family Dollar CVSFood Lion South State Bank
High Output Inc. 1
2
3
45
6789
121110
Ceterus
Blue Acorn
The HarborEntreprenuer Center
PhishLabs BoomTown1
2
3
4
5
Sundrops Montessori SchoolArt Forms & Theatre Concepts
Meeting Street Academy
American College of the Building Arts
Charleston Charter School for Math and Science
Redux Contemporary Art Center
1
2
3
4
5
6
Big Work Fitness
Patrick Veterinary Clinic
Hampton Dog Park Hampton Park
College Park The Citadel
Coastal Climbing Gym Martins Park
Romney Street Mini Park
Pale Horse CrossFit
Charleston City Recreation 1
2
3
4
5
6
7
8
9
10
The Tattooed MooseButcher & Bee
Eat & Drink
Edmund’s OastMartha Lou’s KitchenHome Team BBQLewis BarbecueCoffee Camp @ Colony&CraftRevelry
Taco Boy Palmetto Brewing CoLeon’s
1
2
3
4
5
6
7
8
9
12
13
14
15
11
10
The Royal AmericanGreat Wall HibachiRodney Scott’s BBQThe Park Cafe
Learn
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Mapbox Streetsmapbox
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45
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89 10
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3 4
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67
8
910
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4567
8 910
1112
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5SITE
5 MIN DRIVE
10 MIN DRIVE
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15
Ceterus Blue Acorn
Businesses Shop
Spectrum PaintEdmund’s Oast ExchangeIndigo Market
Bird Decorative Hardware and Bath
Wulbern-Koval Co
Beauty & BeyondRug Masters
Family Dollar CVSFood Lion
High Output Inc. 1
2
3
45
6789
1110
1
2
Health & Fitness
Big Work Fitness
Patrick Veterinary Clinic
Romney Street Mini Park
Pale Horse CrossFit
Charleston City Recreation 1
2
3
4
5
1
2
3
4
5
6
7
8
9
10
The Tattooed MooseButcher & Bee
Eat & Drink
Martha Lou’s KitchenHome Team BBQLewis BarbecueCoffee Camp @ Colony&CraftRevelryThe Royal AmericanGreat Wall HibachiRodney Scott’s BBQ
Sundrops Montessori School
Meeting Street Academy
American College of the Building Arts
Redux Contemporary Art Center
1
2
3
4
Learn
12/31/2018 Mapbox Streets | Mapbox
https://api.mapbox.com/styles/v1/mapbox/streets-v9.html?title=true&access_token=pk.eyJ1IjoibWFwYm94IiwiYSI6ImNpejY4M29iazA2Z2gycXA4N2pmbDZmangifQ.-g_vE53SD2WrJ6tFX7QHmA#13.74/32.80895/-79.94179 1/1
Mapbox Streetsmapbox
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1 1
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45
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2 34
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7 8
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2SITE 5 MIN WALK
10 MIN WALK3
Driving Distance to Multiple Amenities Walking Distance to Multiple Amenities
North Charleston to Romney Street
From North Charleston following Meeting, take a left
onto Romney Street
1
From West Ashley take I-26 West and the exit towards
Romney Street
West Ashley to Romney Street2
From Mount Pleasant, follow Hwy 17, onto Morrison Dr and
turn left onto Romney St
Mount Pleasant to Romney Street3
Untitled Map Write a description for your map.
Legend
2000 ft
N
➤➤
N
Image Landsat / Copernicus
Image Landsat / Copernicus
Image Landsat / Copernicus
Romney Street
1
SITE
Approved 92,000 sf office &800 space garage
32
N
Route 7HOP SHUTTLE (lanzadera)
PARKING LOT
TRANSFER
CENTER
The shuttle was created with food and beverage industry workers in mind, due to rising costs and difficulties with parking downtown. Tickets for the pick-up lot are a flat fee of $5 for the entire day. The shuttle runs every 15 minutes.
SITE
Excellent Accessibility From All Submarkets Hospitality Bus Stop Adjacent to Property
D I F F E R E N Twe deliver
The Office Experts
D r i v e n . D e d i c a t e d . D i s t i n c t i v e .
Chris Fraser, CCIMManaging Director, SCD 843.973.8356C [email protected]
Kisha LylesAssociateD 843.203.2033C [email protected]
Leslie FellabomSenior Vice PresidentD 843.973.8357C [email protected]
For Leasing Inquiries Contact :
As a result of a 15-month study, i-26ALT, to identify a transit alternative that will improve transit service and enhance regional mobility along the 22-mile I-26 corridor connecting Summerville, North Charleston, and Charleston, Bus Rapid Transit (BRT) along the US 78/US 52 (Rivers Avenue) was recommended to move forward into planning and design
Bus Rapid Transit is a system of rubber tired buses that operate like a conventional rail in its own dedicated guideway or in mixed traffic.
SITE
Future Service For Bus Rapid Transit
avisonyoung.com
1315 Ashley River RoadCharleston, South Carolina 29407O 843.725.7200 F 843.725.7201 Avison Young - South Carolina, Inc.
HALF MILE NORTH
FOUNDRY POINT
999 MORRISON
DRIVE800 SPACE
GARAGE
55 ROMNE Y
Thank you.
