2 weeks Ago
Nearly 15 years after a condominium project on Johns Island was indefinitely paused, a Charleston-area developer has swooped in to finish the job. On April 16, Chris Cates and Ian Checketts with CK Development Group delivered two of the last three planned buildings for Indigo Hall at 7400 Indigo Palms Way — about a mile from Kiawah Island . The business partners, based in Charleston, purchased the property in March 2024 for $700,000 when it was a collection of abandoned slabs.
The project has suffered from two false starts after the original group went bankrupt following completion of two of the five buildings, according to Cates. The previous developer purchased the property for $1.4 million in 2004 under the name Hope Plantation .
A new buyer tried to salvage the project in 2009, buying it for $490,000 and completing a third building and an amenity center. But then the Great Recession took its toll. "These were just fields, so we stepped in and bought them to bring the project to completion," Cates said.
"After the housing crisis, they just never remobilized to get it done." The floorplans at Indigo Hall range from one to three bedrooms. The buildings had been on the market for years, first coming before CK Development four years ago.
Cates said the company passed at the time because it hadn't scaled to where the project made sense. But two years ago the deal resurfaced. CK Development jumped on it.
Checketts said the new Indigo Hall buildings follow the original plans for the most part, with some required exterior updates to meet newer building codes. The structures have 18 units each, ranging from one to three bedrooms. Prices start at $299,000 and top out at $499,000.
Caleb Pearson with EXP Realty said a third of the units have already been sold, with residents set to move in by the end of the month. "The biggest thing with these homes is you can join The Governor's Club on Kiawah," he said. "The club gives you access to the amenities inside Kiawah, so it's like Kiawah living but you're not paying the premium.
" Development of the third building is slated for May at the end of the property and will wrap up the project. The anticipated delivery is next April. The city issued an evacuation order for the Dockside condominium complex on Concord Street on Feb.
28. Since residents were evicted from the Dockside condominium complex in late February, 14 of the 112 units, and counting, have hit the market at steep discounts. One unit sold within 5 days .
A 1,313-square foot, two-bedroom, two-bathroom residence was listed March 21 for $350,000 and closed April 11 for $280,000, according to the listing agent. The all-cash deal was a half-a-million-dollar drop from the $850,000 the 11th floor unit previously fetched in May 2023. Asking prices range from $300,000 to $550,000 for the mix of available condos from the 19-story waterfront building and its adjacent townhomes.
Almost daily, listings are cropping up for 330 Concord St., including unit 15C, which hit the market April 14 for $350,000. The condo, almost equal in size with only sold unit, was acquired in May 2021 for $745,000.
A townhouse that closed Feb. 14 for $575,000, just days before the eviction, is also back on the market. The owner is now asking $450,000 as of April 15, after a $25,000 reduction.
A 23,460-square-foot multitenant flex and retail property in Charleston has sold for $4 million. Marcus & Millichap , a commercial real estate brokerage, announced the sale of 1033 Wappoo Road. The firm had the exclusive listing on behalf of the seller, Granite Canyon Partners , and it also represented the buyer, Adams Property Group .
“This sale represents a great opportunity for new ownership to add value through strategic improvements and leasing,” said Harrison Creason , first vice president of investments. “They’ve already made visible upgrades to the property and are actively backfilling some of the vacancies.” The West Ashley flex property includes five tenant spaces configured for retail, office and warehouse use.
The property features 211 feet of frontage along a high-traffic corridor and is near Ashley Oaks Shopping Center and Westwood Plaza . The Flowertown market has a number of residential communities now for sale. Sweetgrass Station by Dream Finders Homes offers a mix of townhomes on Cantona Drive , about 10 minutes from downtown Summerville, from the low $300,000s and single-family homes from the mid-$400,000s.
floorplans range from 1,558 to 3,180 square feet. All contracts come with a 1-year membership to The Ponds YMCA , and a pool and playground are both coming soon. A mile down the road, 14 dwellings in a new phase by Mungo Homes in Six Oaks on O'Leary Circle start in the low $300,000s.
Another 26 are under construction. The floorplan options range from 1,533 to 2,788 square feet..
