$20 Million Secured for Charleston, SC Element Hotel Construction

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Details:

Element by Westin

Lender: Hall Structured Finance, brokered by Arriba Capital
Borrower: Contender Development
Location: Charleston, South Carolina
Value: $20 million
Date of Loan: June 21
Takeaway: The construction loan was Arriba’s second in a two-week period. The other was a $16.6 million loan for a Hyatt Place in rural Tennessee. The Element, located near the Charleston International Airport, is slated to open in 2025.

Arriba Capital provided $20 million in construction financing for the Element by Westin in Charleston, South Carolina. (Aribba Capital)

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Charleston Riverfront Hotel Sold

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A recently renovated riverfront hotel in Charleston has been sold.

Hunter Hotel Advisors has sold the Holiday Inn Charleston-Riverview.

A partnership led by Rick Patton, principal of Rio Partners, purchased the riverfront property from Charlotte-based Park Place Hospitality Group for an undisclosed price on Tuesday, according to a news release. Robert Taylor and Sophia Pittaluga of Hunter’s Miami office arranged the sale for Park Place Hospitality Group.

“We are enthused to have executed on another successful acquisition with the HUNTER team. Despite a challenging capital markets environment, Robert and Sophia worked diligently with all parties to ensure this deal got across the finish line. Their creative efforts were critical in reaching a deal that worked for both Seller and Buyer,” Patton said in the release. 

The Holiday Inn Charleston-Riverview is one of the few waterfront hotels on the Ashley River, according to the release. It provides 179 rooms to Charleston, which, despite the pandemic, has boomed in recent years, the release stated.

Adding to the property’s appeal, Park Place Hospitality Group completed an extensive renovation before the sale, updating guest rooms and common spaces, the release stated.

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Charleston Regional Development Alliance names new board of directors chairman

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Avison Young’s Chris Fraser elected chairman of the Board

NORTH CHARLESTON, SC – July 11, 2023 – Chris Fraser, principal and managing director of Avison Young’s South Carolina offices, has been elected chairman of the Board.

Charleston Regional Development Alliance (CRDA) Board of Directors provides a powerful voice on critical matters where leaders’ influence and experience help the region achieve important economic development outcomes. The Board is comprised of top leaders from SC’s largest employers and strongest economic development assets.

As Chairman, Fraser will lead this group that serves as high-level advisors to CRDA as they:

  • Focus on global marketing and business attraction efforts
  • Intensify talent attraction to provide employees for new and existing companies
  • Foster innovation within and across industry clusters
  • Increase the region’s resiliency and economic sustainability

“Chris Fraser’s statewide leadership of Avison Young, among other leadership positions and experiences, have prepared him to lead the Board over the next two years and guide our Alliance and community to remain globally competitive,” said David Ginn, CRDA President & CEO. 
As the principal and managing director of Avison Young’s offices in South Carolina, as well as Savannah, GA, Fraser oversees office leasing and development. He has held this position since 2012 and is based in Charleston, SC. Fraser has been recognized by industry in numerous capacities, including being named one of Charleston Business Magazine’s 50 Most Influential and a Hall of Fame inductee, receiving the CREW Charleston Distinguished Leader Award, and earning a spot on the prestigious SC Biz Real Estate Power List.

“I’m honored to embark on this journey with CRDA and other business, government and academic leaders to drive a sustainable economy for the Charleston region,” said Fraser. “Through collaboration, passion and innovative problem solving, our alliance will pursue strategic opportunities to successfully navigate the evolving economic landscape.”

An active member in the community, Fraser has been heavily involved with volunteer leadership roles in education and the arts serving as former Charleston County School Board chair and the Trident Technical College Foundation chair. Fraser currently sits on the Global Diversity and Inclusion Council at Avison Young.

About the Charleston Regional Development Alliance
The Charleston Regional Development Alliance is a professional economic development organization representing Berkeley, Charleston and Dorchester counties in South Carolina. With a large and growing network of business, academic and governmental partners, the CRDA directly assists companies with competitive location or expansion projects by connecting them with the right people, the appropriate resources and the most meaningful and relevant information. The CRDA promotes the Charleston region’s business, academic and lifestyle strengths worldwide to attract the world’s best companies, entrepreneurs and professional talent. The goal is to strengthen regional employment, build a base of high-value industries, and significantly improve the economic future for all who live and work in the greater Charleston area. To learn more, visit www.crda.org.

About Avison Young
Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and build spaces and places that create a net benefit to the economy, the environment and the community.
Avison Young is a 2022 winner of the Canada’s Best Managed Companies Platinum Club designation, having retained its Best Managed designation for 11 consecutive years.
www.avisonyoung.com

City of Charleston Concludes Successful Intellicheck ID Verification Pilot, Launches Permanent Program

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CHARLESTON, S.C. & MELVILLE, N.Y.- Following the successful completion of its 6-month pilot program, the city of Charleston today announced a permanent ID verification program in partnership with Intellicheck, Inc., an identity validation company that provides cutting-edge ID verification technology used by law enforcement agencies across the country.

About the pilot: During the pilot program, supported by the city and Explore Charleston, 30 downtown establishments had an opportunity to test Intellicheck’s ID verification tool in an effort to eliminate underage drinking and make the Central Business District a safer place for students, residents and visitors alike.

Throughout the 6-month trial period, Intellicheck’s mobile app-based technology was used to perform more than 100,000 ID scans that identified approximately 3,400 fake or invalid IDs. As a result, these IDs were prevented from being used by those illegally seeking to gain access to late-night establishments and alcoholic beverages.

Intellicheck’s ID verification technology, which is presently used by the Charleston Police Department and South Carolina Law Enforcement Division, has proven to be more than 99 percent accurate in authenticating IDs in under one second using existing mobile devices or point-of-sale scanners.

Moving forward: With the launch of the city’s new, permanent partnership with Intellicheck, businesses located within city limits are invited to take advantage of the ID scanning technology, which includes five mobile app licenses to be used by employees.

To view details and begin using Intellicheck, please visit www.intellicheck.com/charleston-sc-new-account/.

What they’re saying:
Charleston Mayor John Tecklenburg: “As this pilot program clearly demonstrates, stopping underage drinking makes King Street, and our whole city, safer. We look forward to welcoming many more local businesses to the Intellicheck program and continuing to work together to protect our residents and visitors alike.”

Councilman Michael S. Seekings: “For the last six months, we’ve seen firsthand the positive impact that can made through public-private partnerships. Together, we’ve taken great strides toward eliminating underage drinking in our community, and this is just the beginning.”

Lieutenant James Byrne, Commander of the CPD’s Central Business District Division: “As law enforcement officials, our main focus is protecting our communities, and our partnership with Intellicheck has been instrumental to our efforts to combat the use of fake IDs by underage individuals. As this technology becomes available to businesses citywide, we have a valuable opportunity to prevent the tragedies that often occur due to underage drinking and create a safer environment for all.”

Intellicheck CEO Bryan Lewis: “We are very proud of the results of our efforts working with the city of Charleston, Explore Charleston, area law enforcement agencies and King Street area businesses to help prevent underage drinking. High-tech fake IDs are readily and inexpensively available to young people on the web. Unfortunately, young people don’t recognize the dangerous situation they create for themselves and others when they use those sophisticated fake IDs to access alcohol and other age-restricted products. This is only the beginning as we look forward to working with businesses throughout the city of Charleston.”

For more information on Intellicheck’s technology, please visit www.intellicheck.com.

About Intellicheck
Intellicheck (Nasdaq: IDN) is an identity company that delivers on-demand digital identity validation solutions for age verification needs, fraud, and KYC. Intellicheck validates both digital and physical identities for law enforcement and government agencies across North America, e-commerce, and retail commerce businesses, restaurants and clubs, financial services, fintech companies, and BNPL providers. Intellicheck can be used through a mobile device, a browser, or a retail point-of-sale scanner. For more information on Intellicheck, visit us on the web and follow us on LinkedInTwitterFacebook, and YouTube.

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Award-Winning Actors’ Theatre of South Carolina announces the international release of “Frederick Douglass: No Turning Back”

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Charleston, South Carolina based Actors’ Theatre of South Carolina led by wife and husband team Chris Weatherhead and Clarence Felder are proud to announce the international release of their acclaimed Frederick Douglass: No Turning Back released by Bridgestone Multimedia Group.

This powerful 1 hour film tells the story of Frederick Douglass through his own words; emotions; trials and tribulations. It provides a foundation for audience dialogue long after the film has rolled the credits that are still relevant today. This is a timely and passionate piece of filmmaking and now available for all to see.

About the film

Winner of four international film awards, Kyle Taylor stars in this gripping drama. Frederick Douglass, No Turning Back is set in 1872, Ohio, where Frederick Douglass is on a national tour. The pastor (Clarence Felder) introduces him to his integrated church. Douglass then gives an electrifying sermon on his breathtaking journey from slavery to author, newspaper editor, and leading American statesmen. One of our greatest heroes, Douglass had many triumphs, including helping pass Amendments to the US Constitution. He reveals his life in the North, in London, and as a Christian leader, with wit and wisdom. He could have lived in Europe but felt God’s call to return to America to win freedom for all. There was no turning back.

Where to Stream or Purchase

Top 18 Restaurants In Downtown Charleston, SC – New Video by Cplusplus Clan

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Discover the culinary treasures of Downtown Charleston, SC with our meticulously curated list of the top 18 restaurants in this vibrant city. From charming bistros to elegant fine dining establishments, this video takes you on a tantalizing journey through the diverse and delicious food scene that Charleston has to offer. Indulge in the savory flavors of Southern cuisine and immerse yourself in the rich history and culture that permeates every bite.

Whether you’re a food enthusiast, a local looking for new dining experiences, or a traveler seeking the ultimate gastronomic adventure, this video is your ultimate guide.

Complete Restaurant List:

18. Pink Bellies

17. Poogan’s Porch

16. Maison

15. Xiao Bao Biscuit

14. Husk

13. Leon’s Oyster Shop

12. Rodney Scott’s BBQ

11. High Cotton

10. The Ordinary

9. Chez Nous

8. Chubby Fish

7. Zero George

6. Peninsula Grill

5. Slightly North of Broad

4. Wild Common at Cannon Green

3. 82 Queen

2. Hall’s Chophouse

1. FIG