News
The Beach Company Breaks Ground on The Assembly in North Charleston
Artist rendering courtesy of: The Beach Company
Press Release
Today, The Beach Company and ParkProperty Capital announced the groundbreaking of The Assembly, a new multifamily community in North Charleston, S.C. The Assembly multifamily development is part of the GARCO Park redevelopment located in the highly desired and walkable neighborhood of Park Circle.
The Assembly will offer 210 units featuring a mix of floorplans, including studio, one- and two-bedroom residential apartments. Unit features include stainless steel appliances, tile backsplashes, large walk-in closets, vinyl plank flooring and quartz countertops.
“The Beach Company is excited to commence construction on The Assembly, a Class A apartment community with unmatched amenities in the Park Circle neighborhood of North Charleston,” says Tim Cotter, Development Manager at The Beach Company. “We are pleased to partner with ParkProperty Capital and receive construction financing from First National Bank of Pennsylvania on this new development.”
Community amenities will include a resort-style pool, fitness center, yoga room, pet spa, co-working lounge, game room and walkability to the area’s most popular dining, retail and nightlife options. The property is also within close proximity of Interstate 26 and the Interstate 526 Corridor, which provides quick access to all the Charleston Metropolitan Statistical Area’s submarkets, including Daniel Island, Mount Pleasant and the beaches of Sullivan’s Island and Isle of Palms.
“We are excited to invest with such a high-quality developer in The Beach Company and grow our footprint in the Carolina’s,” said Brendan Whalen, Managing Director of ParkProperty Capital. “This will be our first investment in Charleston and Park Circle, where we see a lot of opportunity in this vibrant, historic neighborhood. This is also the second investment in our second discretionary fund, which invests in similar development opportunities throughout the major markets in the US Sunbelt, so this is an important milestone for ParkProperty Capital on multiple fronts.”
The Assembly is scheduled to be completed in late 2024 with preleasing available in Summer 2024.
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