Mount Pleasant's Home Port

Blog by Mike Terry

Mount Pleasant, South Carolina

Mount Pleasant, SC - Life is laid back here. The Atlantic ocean is near by as well as the historic Charleston, SC. We discuss a little bit of everything - here you'll find some of our notes, musings, ideas, and recommendations with particular emphasis on real estate and projects in and around Mount Pleasant SC. COMMENTS ARE WELCOME and ENCOURAGED. Please notice the Post A Comment link at the bottom of each posting.

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Charleston SC - Cigar Factory mixed-use building launches sales

Posted at Mount Pleasant's Home Port by Mike Terry

Jan. 21, 2008

Categorized in: Charleston, SC - Real Estate

Tagged with: charleston, cigar factory, sales, sc, south carolina

Cigar Factory mixed-use building launches sales

The former industrial building known as The Cigar Factory at 701 East Bay St. has opened a sales and information center as the building’s new owner moves forward with plans to convert the property into a mix of high-end condominiums, office and retail space.

“As the largest historic building on the Charleston peninsula, Cigar Factory is a major part of the ongoing revitalization of the Charleston East side, said Boyd Simpson, president of The Simpson Organization, an Atlanta-based real estate company.

The Simpson Organization purchased the cigar factory in summer 2007 for $22 million and plans 37,000 square feet of retail space along with 26,000 square feet of condominiums priced from $349,000 to $1.5 million.

Tenants are expected to begin moving in summer 2009.

The Cigar Factory was built as an industrial plant in 1881 and is listed on the National Register of Historic Places. It has been used as a cotton mill, a cigar factory and office space, and was formerly the home of Johnson & Wales University.

Condominiums at The Cigar Factory will include the original brick walls and 15-foot ceilings. Owners will have concierge service, covered parking, a swimming pool and fitness center, a pet park, a club with individual wine storage, a private garden and a rooftop deck with views of Charleston harbor.

Retail and office spaces will be designed to accommodate dining, a gourmet-style grocery store, galleries and boutiques. Offices will have parking.

as provided by Charleston Regional Business Journal

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