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Medical District WestEdge Project

Posted By Roy Parker @ Jul 31st 2018 12:35pm In: Commercial Developments

Construction on what will be one of Charleston’s tallest multitenant office buildings in the metropolitan area commenced within WestEdge, a 60-acre, master-planned development adjacent to the city’s Medical District.

A joint venture that includes Atlanta-based Gateway Development and investor ELV Associates broke ground on 22 WestEdge, an eight-story office complex that will anchor the mixed-use development.

The office building will add vital medical office, research and lab components to the master-planned community that sits next to the Medical University of South Carolina, according to Michael Maher, chief executive of The WestEdge Foundation, Inc., the nonprofit sponsor of the overall development.

MUSC 22 West Edge

David Cole, president of the Medical University of South Carolina, noted that 22 WestEdge will allow the university to collaborate with private industry to create new healthcare solutions, new companies and recruit existing global medical-related companies to Charleston.

To help attract such tenants, the South Carolina Research Authority has already preleased the top two floors of the eight-story tower “to create a world-class facility, including laboratories, which will serve as a catalyst for the attraction of leading life science companies,” said the South Carolina Research Authority’s executive director, Bob Quinn, in a press release.

22 WestEdge is close to 50 percent preleased, with approximately 72,000 square feet of office space, along with 10,000 square feet of street-level retail space, remaining available for lease. Once completed, the office building will total roughly 156,000 square feet.

Some properties within the master-planned WestEdge have already delivered, including the 237-unit The Caroline apartment complex and the 350-unit 10 WestEdge apartment complex, which will include a 45,000-square-foot Publix grocery store on the ground floor. In total, WestEdge will encompass more than 3 million square feet of commercial and residential space.

Lee & Associates currently handles 22 West Edge’s marketing and leasing efforts. Perkins & Will is the project architect, while Trident Construction is project’s general contractor, and Thomas and Hutton is the development’s civil engineer. BB&T provided financing for the development.

Source: CoStar


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