by Paul Bowers
Evening Post Publishing Company, the Charleston-based parent company of the Post and Courier, announced this week that it had selected a pair of developers for a 2.8-acre mixed-use project being planned at the northwest corner of Meeting and Columbus streets. The company chose Charleston-based Greystar Real Estate Partners and Charlotte-based Lincoln Harris to develop Phase 1 of a project it is calling Courier Square.
Phase 1 will include apartments, office space, commercial space, and a complimentary parking deck, according to a press release from Evening Post. "Our goal is that this project will ultimately be thought of as an enduring asset to the city and that every Charlestonian will take pride in it," says Pierre Manigault, chairman of Evening Post.
Fun fact about our rivals in the Charleston news business: Evening Post owns 23 contiguous parcels of land around its Columbus Street office and printing headquarters, totaling about 12 acres and worth $18.4 million according to county tax records. Phase 1 is part of a master plan to build 450 residences, 900,000 square feet of retail and office space, and three parking garages with at least 2,100 spaces on the Evening Post's property. If development continues to inch its way up King Street, the P&C office could end up in the middle of prime real estate, but the company has said that it will save redevelopment of the newspaper office building for the final phase of the plan.
Greystar Real Estate Partners, which manages 200,000 apartment units in 100 markets, is no stranger to downtown development in Charleston. It's the same company that's behind Elan Midtown, a 200-unit boutique apartment complex going up beside the Piggly Wiggly on Meeting Street that bills itself on its website as "All Status, No Quo" (not kidding, look it up). Lincoln Harris' portfolio includes offices in Mt. Pleasant, a warehouse near Clements Ferry Road, and — what else — a bank building in Charlotte, the 30-story 1 Bank of America Center.
There aren't any mockups or blueprints to show for Phase 1 yet, but Mayor Joseph P. Riley Jr. is already singing Evening Post's praises. "Their expectations are very high for the quality of design and construction, and they are committed to community involvement every step of the way," Riley says. "For this we are grateful."