Core Spaces is bringing a 2,350-bed mixed-use development to Columbia, SC, near the University of South Carolina. Branded ōLiv Columbia, Core expects to invest up to $225 million on the project.
Located at 1401 Main St., the project will bring 720 new apartments, both market-rate and student housing, to Columbia’s Main Street District. The development will feature two towers, a 27-story market-rate apartment tower and a 22-story student housing tower, with a varied unit mix, top-of-the-line amenity package, ground-floor retail, and a 1,600-stall parking garage.
Construction is slated to begin this fall 2025 and be completed in summer 2028. Core is the owner/developer. Juneau Construction Company is the general contractor, and Dwell Design Studios is the architect. Core Spaces previously developed The Hub, the student housing high-rise located across the street from the new site.
On its website, Core Spaces describes itself as a vertically integrated ecosystem focused on building, buying, and managing student housing and build-to-rent communities.
The development team behind One Beverly Hills (1BH) said construction on the $10-billion luxury mixed-use project is proceeding ahead of schedule. The Beverly Hilton expansion structure topped out approximately 10 weeks ahead of schedule and one of the residential towers is progressing six weeks ahead. “This was accomplished while significant operations were maintained at The...
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Northwind Group has originated a $231-million first mortgage construction loan for 675 Third Ave., a 32-story, 337,000-square-foot office building in Manhattan’s Midtown East neighborhood that is slated for conversion into residential apartments. The conversion is being led by a joint venture between Nathan Berman’s Metro Loft Management and David Werner Real Estate Investments. Loan proceeds...
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Rental housing affordability declined in 82% of U.S. metropolitan areas between 2014 and 2023, with renters experiencing the equivalent of an average $256 annual reduction in income after accounting for changes in housing quality. That’s according to a new report released Tuesday by the Mortgage Bankers Association’s Research Institute for Housing America. The report, Housing...
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