CHARLOTTE, N.C., Dec. 3, 2020,/PRNewswire/ — Madison Capital Group, LLC is pleased to announce the acquisition of Foundry Point Apartments, a 275-unit multifamily community located in Downtown Charleston, SC.
Foundry Point is a premier mid-rise community located on the upper peninsula section of Downtown Charleston. Foundry is located blocks away from several restaurants and breweries and a short distance to Historic Downtown Charleston.
(PRNewsfoto/Madison Capital Group)
“Foundry Point is an asset that we plan to hold long term as we believe in the long-term growth of Charleston, particularly on the Peninsula. The nearby corridor is continuing to transform, and we are excited to see how the area looks in 10 – 15 years”, said Ryan Hanks Founder of MCG.
Madison Capital Group has been very active over the last 10 years in the Charleston region and has a large office in Downtown Charleston. Madison has been involved in the acquisition and development of 13 other communities in the Charleston MSA since 2009 and has two more communities planned in Downtown and West Ashley.
Madison Capital Group, LLC is a multifamily investment firm based in Charlotte, NC, and focuses on the development and acquisitions of Class A multi-family projects throughout the Southeast.
Here is a treat for all our readers who love cocktails and coffee.
Owner Jason Bell, Springbok Coffee Roasters, is a licensed Arábica Q Grader who roasts small-batch, hyper-local, artisan coffee for some of Charleston’s top coffee shops (Butcher & Bee, The Daily and Mercantile & Mash to name a few) with the mission of producing the highest quality morning brew possible. He has created 3 fun and delicious cocktail recipes to help you through the holiday season and beyond.
The Drunken Snowman
Made with Springbok’s Harleston Village Blend (named after Charleston’s quaint downtown neighborhood), which has hints of chocolate and almond, this frosty drink makes the perfect sweet ending for any holiday celebration.
1 scoop of chocolate ice cream
1 oz. Baileys
2 oz. Springbok’s Harleston Village Blend
Peppermint whipped cream, for garnish
Bourbon Butterscotch Latte
Ideal for cozying up by the fire on a blustery winter night, Springbok’s Uraga coffee from Ethiopia has notes of brown sugar and caramel, pairing perfectly
4 oz. Springbok Uraga
1 oz. bourbon
1 oz. butterscotch sauce
Naughty Breakfast
Red berry, chocolate and peach notes define Springbok’s Kayon Mountain Farm coffee, which pairs perfectly with Irish Whiskey and maple syrup for a sweet start to a buzzworthy morning.
Magnolia Hall part of a critical mass of protected properties
CHARLESTON, S.C. — The Lowcountry Land Trust has announced the permanent protection of 14 acres of critical land in the ACE Basin. A conservation easement was donated to the Land Trust by owners Dean and Jean Harrigal.
The property, known as Magnolia Hall, is located in southern Colleton County along the Old Chehaw River. It contains maritime forest, mixed pine-hardwood upland forest, and wetlands.
“Most of our professional careers have been centered around conservation, and we believe in being good stewards of the land,” the Harrigals said. “We’re grateful we can protect Magnolia Hall forever. It’s a special place to us and we’re excited to officially join the Lowcountry Land Trust family.”
“Placing Magnolia Hall into a conservation easement is another win for the Lowcountry,” said David Ray, acting CEO & chief conservation officer of Lowcountry Land Trust. “We are thrilled to protect 14 more acres of critical wildlife habitat and over 500 feet of river frontage. This land fills a gap in a very large network of permanently protected lands in the ACE Basin.”
Magnolia Hall is directly adjacent to other privately protected lands and directly across the Old Chehaw River from the publicly accessible 8,048-acre Donnelley Wildlife Management Area, which is owned and managed by the S.C. Department of Natural Resources. It is part of more than 100,000 acres of contiguous protected lands stretching from US Highway 17 to the mouth of St. Helena Sound, and across three counties—Charleston, Colleton and Beaufort.
This area is also part of the more than 300,000 acres of protected land in the ACE Basin that preserves a network of wildlife corridors, clean water, and scenic beauty.
“We are so grateful to the Harrigals for adding their property to the incredible story of landowner-led conservation in the ACE Basin,” Ray said. “Their foresight and generosity will help preserve this critical area of the South Carolina Lowcountry for generations to come.”
The ACE Basin landscape is exceptionally diverse, supporting more than 267 species of terrestrial and aquatic birds, 83 species of reptiles and amphibians, 20 species of mammals, and 130 species of fish and shellfish.
Lowcountry Land Trust has protected over 147,000 acres of land across 14 South Carolina counties. Since 2019, the Land Trust has protected four other properties in the ACE Basin, totaling more than 3,400 acres.
About Lowcountry Land Trust
Founded in 1986, the Lowcountry Land Trust is a 501(c)(3) nonprofit organization with the mission to honor the relationship between people and land by protecting irreplaceable Lowcountry lands and treasured places. Lowcountry Land Trust has protected over 147,000 acres across 14 counties in South Carolina. More information about the Lowcountry Land Trust is available at www.lowcountrylandtrust.org.
More than $27.8 million investment will create 50 new jobs
COLUMBIA, S.C. –Carver Maritime, LLC, an industrial port known for its shipping and warehousing storage operations, today announced plans to expand its existing operations in Charleston County. The more than $27.8 million investment will create 50 new jobs.
Founded in 2016, Carver Maritime, LLC has a deep-water pier for loading and offloading ships and barges, along with more than half a million square feet of warehousing space. Additionally, the company accommodates ships carrying cargo such as salt, break bulk, gypsum, and stone aggregates.
Located at 1801 Shipyard Creek Road in North Charleston, Carver Maritime, LLC’s expansion will include the construction of a new 120,000-square-foot building to support its stevedoring, warehousing, and supply chain business.
The expansion is expected to be completed by 2025. Individuals interested in joining the Carver Maritime, LLC team should contact hr@carvercompanies.com.
The Coordinating Council for Economic Development approved a $200,000 Set-Aside grant to Charleston County to assist with costs of site preparation and construction.
QUOTES
“The Covid-19 pandemic has created many challenges for small businesses like ours, but I want to give credit to both the county and state economic development officials for being responsive to these changes. Since expanding our business operations to North Charleston back in 2016, we’ve experienced a friendly pro-business environment that has allowed our business to grow. We could have expanded our operations in New York or our facilities in Florida, but local officials partnered with us which will allow us to create more jobs and help raise the per capita income in the Charleston area.” -Carver Companies President and CEO Carver Laraway
“We are always excited when one of our existing businesses chooses to increase its footprint in South Carolina. We celebrate Carver Maritime, LLC’s decision to expand and create 50 new jobs in Charleston County.” -Gov. Henry McMaster
“We congratulate Carver Maritime, LLC on this expansion, which adds to the continued success they’ve experienced in South Carolina. This latest investment further proves that our state has the business climate and logistics capabilities companies are seeking.” -Secretary of Commerce Bobby Hitt
“The growth of Carver Maritime, LLC in its short tenure in Charleston
County has been truly notable. We are thrilled that they continue
experiencing so much success, and their decision to invest more than
$27.8 million and create 50 new jobs in North Charleston is great news.” -Charleston County Council Chairman Elliott Summey
“The ability to efficiently import and export goods into our region is an asset to the economy we rely upon, creating jobs and investment in our community. We are happy to see these benefits expanding in the city of North Charleston.” -North Charleston Mayor Keith Summey
“It’s remarkable to witness a company expanding in back-to-back years. Our Business Concierge team assisted in 2019 and returned in 2020 to facilitate another expansion for Carver Maritime, LLC. We appreciate Carver Maritime’s commitment to Charleston County, and look forward to a long-term relationship.” -Charleston County Economic Development Executive Director Steve Dykes
FIVE FAST FACTS
Carver Maritime, LLC is expanding operations in Charleston County.
The more than $27.8 million investment will create 50 new jobs.
Carver Maritime, LLC is an industrial port known for its shipping and warehousing storage operations.
Located at 1801 Shipyard Creek Road in North Charleston, S.C.
Individuals interested in joining the Carver Maritime, LLC team should contact hr@carvercompanies.com.
Program Provides $50,000 in Grant Support and an Opportunity for Virtual Leadership Training
Charleston, S.C.— Bank of America today announced Metanoia as a Neighborhood Champion, a recognition that includes both grant funding and leadership training. The Neighborhood Champions program supports the role strong nonprofit leaders play in advancing economic mobility and is an extension of the bank’s signature philanthropic initiative,
Neighborhood Builders®, the largest corporate philanthropic investment in nonprofit leadership in the country. Alongside Charleston, the bank will bring the program to over 40 additional communities across the U.S. this fall as part of its commitment to investing in the long-term health of communities.
Metanoia (www.pushingforward.org) will receive $50,000 in grant support through the program and an opportunity for engagement in virtual leadership training delivered by experts in the nonprofit sector. Metanoia was selected as the 2020 Neighborhood Champion for their leadership and dedication to investing in assets that strengthen neighborhoods and develop opportunities that harness the capacity of the community’s citizens. This funding will support Metanoia’s efforts and programs within their three core areas of focus: creating a safe and nurturing place for children after school and during the summer; establishing quality, affordable housing; and the economic re-energizing of the Chicora-Cherokee neighborhood. Additionally, the opportunity for leadership training will strengthen Metanoia’s effectiveness in meeting current and future needs in its community.
Bank of America has a long-standing relationship with Metanoia. This summer, the bank sponsored the Metanoia Youth Leadership Academy’s (MYLA) “Bridge to the Future” program, which helps create access to first-generation post-secondary education opportunities. The partnership provided college preparedness training to the prospective first-generation college students who attend the MYLA programs to help prepare Metanoia’s young leaders as they embark on the next journey of their education and their lives.
“As we consider many of the challenges that our communities are facing – from the impacts of the coronavirus to the need for progress on racial equality and economic opportunity – the Neighborhood Champions program is a relevant and timely initiative to support the communities we serve,” said Mark Munn, Charleston/Hilton Head Market President for Bank of America. “This program enables partners like Metanoia to plan strategically for growth and long-term sustainability, and we look forward to seeing how this investment helps Metanoia make even greater strides in their mission to build leaders, establish quality housing and generate economic development.”
The Neighborhood Champions program is invitation-only for nonprofits who are poised to take their work to the next level. Leading members of the community participated in a collaborative selection process to identify this year’s awardee. Examples of the topics for the virtual leadership training awarded include human capital management, increasing financial sustainability, and storytelling.
“The Neighborhood Champion Grant could not have come to Metanoia at a better time. The award is helping us not only survive but thrive in the midst of a challenging season,” said Bill Stanfield, CEO of Metanoia “We are encouraged by the financial support and mentorship that Bank of America is providing our efforts to invest in our neighborhood’s assets to build leaders, establish quality housing and generate economic development.”
Since the program’s inception last year, Bank of America has invested $4.2 million in 84 organizations within 42 communities through the Neighborhood Champions program. The Neighborhood Champions program in Charleston will strengthen the bank’s commitment to advancing economic mobility and nonprofit leadership.
Bank of America has supported Charleston in 2020 with over $700,000 to assist our community partners in providing services to those in need.
At Bank of America, we’re guided by a common purpose to help make financial lives better, through the power of every connection. We’re delivering on this through responsible growth with a focus on our environmental, social and governance (ESG) leadership. ESG is embedded across our eight lines of business and reflects how we help fuel the global economy, build trust and credibility, and represent a company that people want to work for, invest in and do business with. It’s demonstrated in the inclusive and supportive workplace we create for our employees, the responsible products and services we offer our clients, and the impact we make around the world in helping local economies thrive. An important part of this work is forming strong partnerships with nonprofits and advocacy groups, such as community, consumer and environmental organizations, to bring together our collective networks and expertise to achieve greater impact. Learn more at about.bankofamerica.com, and connect with us on Twitter (@BofA_News).
For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for email alerts.
Omis Provisions is a new customized chef personalized service in Charleston, South Carolina. The owner, Mario is a New York-trained chef now calling Charleston home.
Herb Steak, Sweet Potato Puree, Pickled Onions and Peppers, Seared Cherry Tomatoes, Cilantro and Lemon FoamCornish Game Hen w/ SalmoriglioEggs Pork Belly and ChampagneTiramisu
Two years after opening a second manufacturing facility in the Charleston region, Cummins Turbo Technologies has announced an $11 million plant expansion. The company will double assembly capacity and greatly increase machining capacity at its existing plant in North Charlestons Palmetto Commerce Park, with plans to create 100 new jobs.
The new competitive expansion project was facilitated by the Charleston Regional Development Alliance in partnership with numerous public- and private-sector allies. The Alliance is an economic development organization working to advance the economy of the three-county Charleston region.
“Cummins’ decision to expand in our region sends a powerful message to other leaders in the automotive industry,” said Alliance Chairman Jim Bryan. “Collectively, our three counties offer an incredible combination of assets for world-class manufacturers, and this expansion proves just how competitive we’ve become.” ADVERTISING
Headquartered in Huddersfield, England, Cummins Turbo Technologies is one of the world’s largest manufacturers of turbochargers for diesel engines. The company opened its first Charleston area manufacturing plant in 1982 and opened its Palmetto plant in 2006. There are approximately 750 employees between its two area facilities.
Globally the company has seven manufacturing facilities located in Brazil, India, UK, USA, and its joint venture in China ensuring support for engine and vehicle makers across the world.
MOUNT PLEASANT, SC (November 23, 2020) – Mount Pleasant Council Members Kathy Landing, Gary Santos, and Laura Hyatt, along with Mount Pleasant Chamber of Commerce Director of Development Rebecca Imholz, joined owners Emarie June and Mary White at the ribbon-cutting ceremony of Straccio Rico, located at 1405 Ben Sawyer Blvd.
Straccio Rico is a fashion-conscious company choosing sustainable fashion over fleeting trends. It was founded in October 2018 by Emarie June and Marty White, a granddaughter and grandmother teamed up with a mission to promote Wayuu mochila bags made by indigenous women in Riohacha, Colombia.
Wayuu crocheted bags is a dying art with the younger generation of the indigenous Wayuu community, who are choosing more modern offerings of fashion. This is leading to fewer indigenous women opting to make a living from crocheting. It has also led to the Wayuu community turning away from an amazing art form to seek out more modern means of earning a living.
Marty White, Owner, of Straccio Rico commented “We have made it our mission to help preserve the culture and traditions of the Wayuu community by providing them with a platform to showcase their beautiful art and the opportunity to grow their businesses, earning more money instead of struggling on street markets in hope of selling a single bag.”
The success of Straccio Rico motivated and inspired the owners to add more indigenous products made in South America and before long, Straccio Riccio began featuring clothing, jewelry, bathing suits, and leather goods. By compelling fashion consumers to create a positive impact by choosing sustainable products that highlight the creativity of an artisan community for their upliftment. Emarie June, owner, commented “We are dedicated to changing the way people shop. We are so excited to be part of such a supportive local community!”
Straccio Rico has now grown in popularity and is dedicated to helping and empowering female artisans through ethical sourcing and honest production. Outlets include an online store, https://stracciorico.com, and a newly launched brick and mortar located at 1405 Ben Sawyer Blvd., Mount Pleasant, South Carolina.
MOUNT PLEASANT, SC (November 18, 2020) – In order to meet the growing demand for safe, reliable energy across the communities it serves, Dominion Energy South Carolina (DESC) will construct a new natural gas line in Mount Pleasant.
The four-mile project will follow an existing utility right of way along Mathis Ferry Road between Bowman Road and Ferry Wharf. This design will help to minimize traffic disruptions and other impacts along the route. Work is scheduled to begin in late-November and is expected to be completed in the second quarter of 2021.
We appreciate your interest in this project. Should you have specific questions, please contact DESC Project Engineer, Jordan Reese, at jordan.reese@dominionenergy.com.
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