The Kalikow Group, Breaker Capital Partners, and EYC Cos. recently celebrated the completion and opening of the Clubhouse Building at 17 South Apartments, a 220-unit residential property under construction in Charleston, S.C. In addition to the newly completed clubhouse, the $33 million project will feature seven residential buildings, each three to four stories tall, with studio, one-bedroom, and two-bedroom apartments ready for move-in this fall.
The 17 South Apartments is offered with an all-inclusive rent package, which includes water, electricity, fiber Internet access, and valet trash services. Each apartment also features high-efficiency LED lighting and HVAC systems, with individual environmental controls in each room.
Behind the residential buildings' brick-and-stucco facing, insulated concrete form (ICF) walls are intended to provide energy-usage savings of 30% to 50% over traditional wood-frame construction. The buildings' tight envelopes are designed to maintain consistent interior temperatures year-round, provide high indoor-air quality, and reduce sound transmission. The walls are also rated for hurricane strength, an important consideration in coastal South Carolina.
“This is an exciting project for us as we continue to look around the country—and, in particular, the Southeast—for investment opportunities that will drive value and profit for our company,” says Greg Kalikow, vice president for Kalikow Group, based in Westbury, N.Y., in a statement to the press. “The Charleston market continues to experience strong growth, and we’re looking forward to continuing our strategic expansion there.”
