Luxury East Cooper condo project will break ground

Work is set to begin next month on Tides IV, a seven-story residential condominium in Mount Pleasant.

Look for another ground-breaking soon for a new multistory building in Mount Pleasant.

Ground will be broken March 19 for the seven-story Tides IV luxury condominium project along Wingo Way at the base of the Ravenel Bridge.

“All financing for the project has been secured,” spokesman Daniel Brock said.

Colorado-based East West Partners began pre-sales for the 54-unit development in December. So far, 13 units have been snapped up at an average clip of $930,000, Brock said. The selling price is $500,000 to $2 million.

The next phase of residences will be released during the groundbreaking event.

The $40 million to $50 million project will add a fourth building to the existing 120-unit Tides complex, but it is a separate entity from the existing condos. Construction should take about a year.

Also, East West Partners, led by company founder and Hartsville native Harry Frampton, is also involved in two proposed condominium/apartment projects in downtown Charleston of about $100 million altogether.

Plans are still being firmed up for the two, four-story-over-parking peninsular projects, which will be built on each end of the new Gadsdenboro Park near the South Carolina Aquarium.

Lennar Homes will hold a grand opening noon-2 p.m. Saturday for Coosaw Preserve, its newest Lowcountry community. The housing development at 9718 Shortleaf Pine Drive, just off Patriot Boulevard in North Charleston in Dorchester County, features 550 homes priced from the low $200,000s to the mid-$300,000s, ranging in size from 1,772 to 3,568 square feet.

The community includes a pool and pavilion, playgrounds, pond-front home sites and proximity to schools, downtown Summerville and Wescott Country Club.

The opening will include an oyster-shucking school fund-raiser, giveaways, mechanical bull, face-painting, jump castle and food. Go to www.coosawpreserve.com.

A local real estate developer will have a hand in a 240-unit luxury apartment complex with ground-floor retail and office space in Jackson, Miss. Charleston-based Kassinger Development Group is partnering with SKD Development to build the $33 million Meridian at Fondren, a five-story structure in an arts district of the state capital. Completion is set for mid-2016.

Privately owned Kassinger is separately in development or construction for more than 1,000 units collectively in Charleston; Wilmington, N.C.; Richmond, Va.; and Asheville. In Charleston, it’s developing Sweetwater off Clements Ferry Road in Berkeley County.