Charleston's condo castle atop the city's first "skyscraper" is on the market again — and this time at a cut-rate price.
Philanthropist Terri Henning's two-floor penthouse on the eight-story Peoples Building at 18 Broad St. can be had for $16.5 million, $3 million less than when it went on the market from four years ago.
Leslie Turner of Hudson Phillips Charleston Properties holds the new listing. She said the reduced asking price is more in line with the market, though prices are trending up with more and more listings above $7 million.
Turner said Henning wants to remain in Charleston but relocate to a waterfront property.
Henning bought the lavish abode, which includes three bedrooms and three and a half bathrooms in 8,363 square feet on the eighth floor as well as another 3,200-square-foot rooftop terrace, just after the turn of the century.
She refurbished it to make sure none of the 56 arched windows were lost to protect the panoramic views of Charleston Harbor and the steeple-studded skyline of the historic downtown area.
Since first carrying the listing in August of last year, Turner has shown the property to about half a dozen suitors. A contract is not pending, but she believes the eventual buyer will not be from Charleston and will most likely maintain the stunning perch as a second home.
Turner said Henning has contributed to MUSC's Shawn Jenkins Children's Hospital under construction not far away and been involved in supporting the Charleston Wine & Food Festival as well as other efforts in support of the Holy City's offerings.
The People’s Building has even served as a destination: ABC News anchored its solar eclipse coverage from Henning's rooftop terrace in August.
When the unique Charleston building opened in April 1911, visitors arrived just to ride its steel-framed elevators. President William Howard Taft reportedly admired the view from Charleston’s first skyscraper, saying “I don’t believe it did ruin the skyline, but if it did the view from up here makes it worth it.”
What are the odds?
A Charleston real estate agent flew to Las Vegas for a conference last month, but she left with a new Tesla and a check for $50,000.
Emily Mills, a retail specialist with the commercial real estate firm Lee & Associates, won a Model S and the cash prize as part of CoStar Group's raffle at the 2018 RECon Conference hosted by the International Council of Shopping Centers. The electric car has a starting price of $74,500.
About 31,000 industry professionals gathered for the four-day Global Retail Real Estate Convention, including Mills' co-workers John Orr, Elyse Welch, Will Sherrod and Lindsey Halter.