Courier Square aerial (copy)

The first building in the 12-acre Courier Square project at Columbus and Meeting streets in Charleston is now welcoming its first new tenants in an apartment building called The Guild. Part of the former Bi-Lo grocery store can be seen on the left. Provided/NAI Charleston

Downtown Charleston's newest apartment building is now open.

The Guild, a 226-unit, 8-story structure is now leasing at the corner of Meeting and Columbus streets.

The $100 million building is the first part of a multiphase, 12-acre development called Courier Square around The Post and Courier. The newspaper's parent, Evening Post Industries, owns the land and Charleston-based apartment operator Greystar Real Estate Partners is developing the site. 

Greystar, the largest apartment operator in the U.S., plans to move its headquarters and about 200 employees from Broad Street and other areas downtown into the building by this summer.

“The project’s stellar location coupled with the exquisite apartment homes and remarkable views is absolutely unrivaled in the market," said Bob Faith, chairman and CEO of Greystar. "The community has had an overwhelming response, and we look forward to the continued momentum of this multifaceted development and believe it is a great addition to Charleston.”

The development features studio, one-, and two-bedroom apartments with 11-foot ceilings and a rooftop pool, as well as other amenities.

About 20,000 square feet of street-level retail and restaurant space also will be offered. None of the tenants has been announced.

"We are currently working with several groups to finalize terms and will be announcing as soon as deals are firm," said David Ingle of commercial real estate firm NAI Charleston. The agency is handling retail leases for the project.

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Apartment rental rates range from $2,000 a month to more than $8,000 a month for a top-floor penthouse.

The second phase of the Courier Square project recently took its initial step. Evening Post Industries gained approval from the city's Board of Architectural Review to demolish a strip of 1950's-era buildings from 631-637 King St.

Plans for the new development have not been presented to the city.

Reach Warren L. Wise at 843-937-5524. Follow him on Twitter @warrenlancewise.