Another apartment project is on the horizon for North Charleston's Park Circle neighborhood.
Charleston-based developer The Beach Co., is planning to start construction later this year on a 217-unit apartment community at the former Garco property.
The development, called Factory at Garco, will consist of eight buildings on 8.4 acres of property, according to company spokeswoman Karen Bacot.
This adds to the developments for Garco Park, a 40-acre mixed use development just north of the trendy Olde Village commercial strip on East Montague Avenue.
The Beach Co. has also announced plans for retail space on the 23 acres of the property the company purchased during a bankruptcy auction in 2003.
Construction of the Factory at Garco is planned to start as soon as September, Bacot added.
Proposed amenities for the apartment community include saltwater pool, outdoor kitchen area, community fire pit, private pool deck cabanas, bocci ball court, and a fenced dog park.
This will add to other apartment developments in the greater Park Circle area.
Atlanta-based developer Jamestown Properties is constructing the 268-unit The Flats of Mixson on Mixson Avenue.
Flats at Mixson, a 10-building development, is expected to be completed this spring, officials have said.
Beach Co. has been involved in other high-profile projects in recent years.
One includes The Boulevard, a mixed use development that has been touted as the centerpiece in efforts to revitalize Coleman Boulevard in Mount Pleasant.
Earlier this year, The Beach Co., sold The Boulevard for $66.5 million to TR Boulevard Corp., a Delaware entity tied to Chicago-based property investment firm Heitman Capital Management LLC.
The Beach Co., is also one of the developers of the 320-unit Parks at Nexton apartment complex in Summerville.
The joint venture with MWV Community Development and Land Management Group is described as an upscale rental community with amenities like gourmet kitchens, high ceilings, fitness area, clubhouse, business center, saltwater pool and automobile garages.
The apartment projects join several other multifamily developments are in various stages of completion in the Lowcountry, a response to an improving economy and an uptick in population, officials have said.
A recent report by multifamily website ApartmentGuide.com said the Charleston region will see an 8 percent growth in new rental construction this year compared to 2013.
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