Residents of Dor-Towne Apartments in North Charleston, told to get out by Oct. 31, aren’t going to leave empty-handed.
Phillips Management Group Inc., the Greensboro, N.C.-based company that bought the 84-unit, aging complex with plans to level it and build 480 apartments, has decided to give the low-income residents moving money and other financial rewards.
Phillips will waive residents’ rental payments for October, provide each of them $1,500 for moving if they leave by the deadline and return their $150 deposits, according to company spokesman Monty Hagler.
The company also plans to help residents with housing options by bringing in a local apartment community manager this week.
Most of the details of the offer came via hand-delivered letters to residents last week. The one-page correspondence came from the company’s president, Kim B. Cooper.
“We understand that moving from your apartment will be difficult and financially burdensome,” Cooper said. “I’m writing to let you know about additional steps we are taking in order to reduce the financial burden you may face.”
Resident Chris Marshall, a grocery store employee, hailed the company’s move.
“I think they did the right thing,” he said. “They didn’t have to do that. Anything extra they are doing is just goodwill. It’s very much appreciated by me and everybody in here.”
Phillips, through an affiliate, bought the 30-building apartment complex on 31 acres at 7400 Dorchester Road in August for $4.1 million. Dating to 1972, according to Charleston County records, the one-story structures between the Charleston Air Force Base and Cross County Road will be torn down and replaced with 19 apartment buildings surrounding a clubhouse, pool and volleyball court. The new units will not be for low-income residents.
Reach Warren L. Wise at (843) 937-5524 or twitter.com/warrenlancewise.