The first new building in Charleston's Concord Park redevelopment plan is finished now and tenants have been moving in this month.

The occupancy of 25 Calhoun, a 63,000-square-foot office building, is a milestone in the redevelopment, and also marks the first large multi-tenant office building to open on the peninsula in about five years.

Next door to the new offices, on vacant land at Calhoun and Concord streets across from the South Carolina Aquarium, plans for a 75-room luxury hotel with 47 condos, a restaurant and a spa have been moving through Charleston's architectural review process.

An affordable housing component of the Concord Park plan has hit a snag, however. Nonprofit developer Humanities Foundation was unable to secure tax credit financing for the housing plan.

 

Read more in Saturday's editions of The Post and Courier.