CONSTRUCTION PIPELINE

Charleston 3Q 2024

0

UNITS UNDER CONSTRUCTION

0

IN PRE-LEASE /
LEASE UP PHASE

0

UNITS PLANNED

0

PROSPECTIVE UNITS

0

2024 MONTHLY AVG. PRE-LEASE ABSORPTION

0

T24 MONTHLY AVG. PRE-LEASE ABSORPTION

pipeline trends

Share of Inventory Under Construction or in Lease-Up

Pre-Lease Absorption Rate by Month

Multifamily Starts

Construction Pipeline

Forecasted Delivery Dates

Pipeline Status Breakdown by City

Pipeline Data Map

Disclaimer: The property data depicted in our maps is sourced from third-party providers and government sources. MMG does not directly collect or track this information. Due to the nature of external data collection, some properties may be omitted, which is beyond our control. Furthermore, the pipeline dataset was assembled on 8/15/2024, and changes in project statuses or new additions to the pipeline may not be reflected by the time of publication. While we strive to provide actionable and useful data, we do not guarantee its completeness. Clients are advised to verify all property details independently.

Full Data Table

Property NameProperty AddressCityStateZip CodeUnit CountProperty StatusForecasted Completion DateStart Of Rent Up
Founders Yard3915 William E. Murray BlvdCharlestonSC29414341In Pre-Lease/Lease Up Phase8/31/2410/1/23
Inspire Brunswick Forest Phase II6146 Liberty Hall DriveLelandNC2845150In Pre-Lease/Lease Up Phase8/31/242/8/24
Solay Carnes Crossroads1105 Sunset Crest LaneSummervilleSC29486275In Pre-Lease/Lease Up Phase8/31/243/29/24
LC Charleston at Line40 Line StreetCharlestonSC29403293Under Construction8/31/24
Pender Woods183 Lyra LaneSummervilleSC2948699In Pre-Lease/Lease Up Phase9/30/2411/1/22
Cape Cottages2909 Shoals Point WayLelandNC28451315In Pre-Lease/Lease Up Phase9/30/243/14/23
Lively Murrells Inlet, The107 Gadwall WayMurrells InletSC29576307In Pre-Lease/Lease Up Phase9/30/246/1/23
Emmett on Montague, The3229 West Montague AvenueNorth CharlestonSC29418297In Pre-Lease/Lease Up Phase9/30/2412/1/23
Hawthorne at the Mill208 Windfall WayMyrtle BeachSC29579290In Pre-Lease/Lease Up Phase9/30/2412/13/23
Asher3812 West Montague AvenueNorth CharlestonSC29418336In Pre-Lease/Lease Up Phase9/30/242/19/24
Willow, The7580 Plantation RoadNorth CharlestonSC29420338In Pre-Lease/Lease Up Phase9/30/243/1/24
Reve on the Creek4099 Silverside WayJohns IslandSC2945571In Pre-Lease/Lease Up Phase9/30/243/8/24
Westport Lofts1001 Broadbank DriveBelvilleNC28451291In Pre-Lease/Lease Up Phase9/30/244/16/24
Goddard Point Hope1000 Point Hope PkwyCharlestonSC29492227In Pre-Lease/Lease Up Phase9/30/244/25/24
Storehouse Nine2154 Noisette BlvdNorth CharlestonSC2940578In Pre-Lease/Lease Up Phase9/30/245/10/24
Emblem Cane Bay North44000 Owl Wood LaneSummervilleSC29486312In Pre-Lease/Lease Up Phase9/30/246/22/24
Society at Laurens18 Society StreetCharlestonSC29401148Under Construction9/30/24
Lofts Downtown NextonMetropolitan Avenue & Sigma DriveSummervilleSC2948664Under Construction9/30/24
Beckington6012 Beckington DriveLelandNC28451143In Pre-Lease/Lease Up Phase10/31/243/18/23
Legacy Patriots Point180 Patriots Point RoadMount PleasantSC29464176In Pre-Lease/Lease Up Phase10/31/246/5/23
ABODE at Carolina Forest626 Albermarle WayMyrtle BeachSC29579184In Pre-Lease/Lease Up Phase10/31/249/27/23
Calabash Shores139 Marcella DriveCalabashNC28467132In Pre-Lease/Lease Up Phase10/31/245/10/24
Assembly at Park Circle, The4939 O'Hear Avenue NorthNorth CharlestonSC29405210In Pre-Lease/Lease Up Phase11/30/246/3/24
Radler, The1100 Warburton RoadSummervilleSC29486324Under Construction11/30/24
View at Crow Creek, The74 Callaway Drive NWCalabashNC28467120In Pre-Lease/Lease Up Phase12/30/247/1/24
Grand at Carolina Forest, The300 Bellamy AvenueConwaySC29526150In Pre-Lease/Lease Up Phase12/31/2410/1/17
Hawthorne Cottages at Leland8708 Red Leaf RunLelandNC28451160In Pre-Lease/Lease Up Phase12/31/249/1/23
Highland Townhomes5682 Sablewood StreetNorth CharlestonSC29406220In Pre-Lease/Lease Up Phase12/31/249/9/23
Heartsease at Calabash1035 Brightwater WayCalabashNC28467100In Pre-Lease/Lease Up Phase12/31/244/1/24
Encore Luxury Residences111 Teal CircleLittle RiverSC29566240In Pre-Lease/Lease Up Phase12/31/245/4/24
Villas at Carolina Forest335 Marigold DriveMyrtle BeachSC29579128Under Construction12/31/24
Camellia at One Nexton4600 Bakers Blessing LaneSummervilleSC29483351In Pre-Lease/Lease Up Phase1/31/257/1/24
Woodfield Daniel Island III2058 Daniel Island DriveCharlestonSC29492163Under Construction2/28/25
Bellerose at Bees Ferry1491 Bees Ferry RoadCharlestonSC29414155In Pre-Lease/Lease Up Phase3/31/252/15/24
Flora4000 Long Pond LaneSummervilleSC29486290In Pre-Lease/Lease Up Phase4/30/256/5/24
Beacon at Ashley River Landing5034 Park Haven LaneSummervilleSC29485241In Pre-Lease/Lease Up Phase5/31/2510/13/23
Evolve Waterford214 Kingsmeadow CircleBelvilleNC28451408In Pre-Lease/Lease Up Phase5/31/254/1/24
Atlantic Daniel Island1990 Daniel Island DriveCharlestonSC29492320Under Construction5/31/25
Ascend Brunswick Village3100 Ascend LoopLelandNC28451334Under Construction5/31/25
Cottages at Ingleside, The3001 Cypress Lake RoadNorth CharlestonSC29420260In Pre-Lease/Lease Up Phase6/30/255/1/24
Edison at Farrow Commons, The3383 Edison CircleMyrtle BeachSC29577198In Pre-Lease/Lease Up Phase6/30/255/22/24
Egret Landing3021 Siskin DriveCalabashNC28467198Under Construction6/30/25
Hamlet Maybank2029 Harlow WayCharlestonSC29455211Under Construction7/31/25
Arcadia at Carolina Forest121 Hera WayMyrtle BeachSC29579320Under Construction7/31/25
Evado Nexton Parkway5101 Evado LaneSummervilleSC29486309Under Construction7/31/25
Summerville CommonsEast 5th North Street & Berlin G Myers PkwySummervilleSC29483270Under Construction8/31/25
Marlowe SummervilleCollege Park Road & North Hwy 17ASummervilleSC29486278Under Construction8/31/25
Aventon Pearl1153 Bees Ferry RoadJohns IslandSC29455394Under Construction8/31/25
Aventon Noelle2150 Clements Ferry RoadCharlestonSC29492336Under Construction10/31/25
Arcadia at Waterway HillsGrand Meadow Drive & Long Branch LoopMyrtle BeachSC29568296Under Construction10/31/25
Hawthorne at Ocean Isle Beach801 Ocean Isle BeachOcean Isle BeachNC28469198Under Construction10/31/25
Abrazo at Waterway Hills8840 Henry RoadLongsSC29568292Under Construction12/31/25
Village at Carnes Crossroads, The3rd Avenue & North Main StreetSummervilleSC29483306Under Construction12/31/25
Hawkeswater at the River TownhousesMorecamble Blvd & River Road SELelandNC2845178Prospective
Shallotte Riverfront Revitalization ProjectMain Street & Wall StreetShallotteNC28470129Prospective
Parkway GroupState Highway 22 & State Highway 31LongsSC29568100Prospective
483 Meeting Street483 Meeting StreetCharlestonSC2940350Prospective
Vantage at SummervilleBoone Hill Road & Orangeburg RoadSummervilleSC29483288Prospective
Indigo310 West 11th StreetSouthportNC28461770Prospective
Charleston Naval Hospital Redevelopment3600 Rivers AvenueNorth CharlestonSC29405292Prospective
Saint Andrews829 St. Andrews BlvdCharlestonSC29407234Prospective
102 President Street102 President StreetCharlestonSC2940388Prospective
Summerwood100 Seaside Road SWSunset BeachNC2846884Prospective
King Street Student Housing363 King StreetCharlestonSC2940352Prospective
Alta North Maple StreetNorth Maple Street & Shamrock DriveSummervilleSC29483347Prospective
Rhodes Crossing3197 Sanders RoadCharlestonSC29414337Prospective
South PointeSouth Pointe Blvd & US Route 78SummervilleSC29483228Prospective
Rhett's Cove Townhomes3328 Maybank HwyJohns IslandSC2945558Prospective
295 Calhoun295 Calhoun StreetCharlestonSC29425325Prospective
Laurel IslandHuguenin Avenue & Romney StreetCharlestonSC29403100Prospective
Brownstone EstatesBoundary Street & Oak StreetConwaySC2952683Prospective
2815 Clements Ferry Road2815 Clements Ferry RoadCharlestonSC29492250Prospective
Malmo TractAndrew Jackson Hwy & Malmo Loop Road NELelandNC28451100Prospective
Darby, The1590 Meeting StreetCharlestonSC29405331Prospective
Anchor Center Redevelopment2260 Noisette BlvdNorth CharlestonSC29405295Prospective
Exchange at West Ashley CircleWest Ashley Circle & Bees Ferry RoadCharlestonSC29414296Prospective
Meeting Street @ Cherry Hill2003 Cherry Hill LaneNorth CharlestonSC29405193Prospective
Coastal Club of the Carolinas2419 Farmstead Blvd NWCalabashNC28467100Prospective
Cottages at Cane PatchSWC 76th Avenue North & Highway 17Myrtle BeachSC29572305Prospective
WaterfrontEvening Tide Drive & West Patterson PointHanahanSC29410100Prospective
Lee Street110 Hanover StreetCharlestonSC2940388Prospective
Angel TraceAngels Club Drive SW & Seaside Road SWSunset BeachNC28468192Prospective
Henry East Brown Phase II7701 Henry E Brown Jr BlvdGoose CreekSC2944596Prospective
1000 King Phase II1000 King StreetCharlestonSC29403255Prospective
One at Summerville, The105 Cherry PlaceSummervilleSC29483336Prospective
Tuxbury Farm2686 State Highway 41CharlestonSC2949282Prospective
Buist Circle TownhomesBuist Circle & Coggin CourtMyrtle BeachSC29579111Prospective
Harbour, The210 River Landing DriveDaniel IslandSC29492124Prospective
Epic Center2070 Sam Rittenberg BlvdCharlestonSC29407100Prospective
Cooper River Farms Phase II650 Enterprise BlvdCharlestonSC2949271Prospective
Alliance1730 Clements Ferry RoadCharlestonSC29492336Prospective
Maybank 3030 Townhomes3030 Maybank HwyJohns IslandSC2945572Prospective
411 Meeting Street411 Meeting StreetCharlestonSC29403114Prospective
LC at Point Hope1260 Clements Ferry RoadCharlestonSC29492449Prospective
Duke at Myrtle BeachGusta Road & Highway 9 EastLittle RiverSC29566280Prospective
29 - 35 George29 George StreetCharlestonSC29401115Prospective
Calabash 23Bay Trail Drive & Persimmon Road SWCalabashNC28467136Prospective
Medlen ParkMedlen Pkwy & Oak Tree Farm LaneConwaySC29526102Prospective
Hayne Street2179 Hayne StreetCharlestonSC2940674Prospective
Edge at Brunswick Forest, TheBrunswick Village Blvd & Kay Todd Road SELelandNC28451300Prospective
Restore at Point Hope1472 Clements Ferry RoadCharlestonSC29492854Prospective
Carnes CrossroadsNorth Main Street & State RoadSummervilleSC29486200Prospective
Charleston Union Pier32 Washington StreetCharlestonSC29401100Prospective
Cross Creek Townhomes14 Crosscreek DriveCharlestonSC2941251Prospective
Village at Compass PointeAndrew Jackson Hwy & Compass Pointe East Wynd NELelandNC28451268Prospective
Cypress GardensCypress Gardens Road & South Live Oak DriveMoncks CornerSC29461181Prospective
402 West Smith Street402 West Smith StreetSummervilleSC2948560Prospective
Laurel BayNorth Goose Creek Blvd & Old Mt Holly RoadGoose CreekSC29445240Prospective
Broadstone SummervilleNorth Maple Street & Shamrock DriveSummervilleSC29483348Prospective
Grimball Folly Assemblage1588 Grimball Road ExtCharlestonSC2941268Prospective
Parkline Avenue610 Parkline AvenueCharlestonSC29492242Prospective
1380 Bees Ferry Road1380 Bees Ferry RoadCharlestonSC29414346Prospective
WhitfieldDorchester Road & Franchise RoadNorth CharlestonSC29418264Prospective
Emblem Cane Bay North Phase II44000 Owl Wood LaneSummervilleSC29486300Prospective
Pawleys Business Commons, ThePetigru Drive & Tiller DrivePawleys IslandSC2958590Prospective
Travis LaneClements Ferry Road & Travis LaneCharlestonSC2949252Prospective
Town Center9255 Blue House RoadLadsonSC29456100Prospective
Brunswick PinesHale Swamp Road SW & Old Georgetown Road SWShallotteNC28470570Prospective
Surfside Beach17th Avenue South & Pridgen RoadMyrtle BeachSC29577335Prospective
Droze Road155 Droze RoadSummervilleSC2948370Prospective
Oakbrook125 Crosscreek DriveSummervilleSC29485108Prospective
Headwaters Apartment Homes at Brunswick ForestBrunswick Forest Pkwy & Ocean Hwy EastLelandNC28451216Prospective
320 East Bay Street320 East Bay StreetCharlestonSC2940150Prospective
Morrison Yard Phase II838 Morrison DriveCharlestonSC29403175Prospective
Rangewater North Maple StreetBear Island Road & North Maple StreetSummervilleSC29483160Prospective
518 East Bay Street518 East Bay StreetCharlestonSC29403117Prospective
West AshleyGlenn McConnell Pkwy & Goodwill WayCharlestonSC29414228Prospective
Rutledge Avenue1300 Rutledge AvenueCharlestonSC29403150Prospective
Rutledge Avenue & Mount PleasantRutledge Avenue & Mount Pleasant StreetCharlestonSC29403150Prospective
Spring Street214 Spring StreetCharlestonSC29403134Prospective
MagnoliaBraswell Street & Interstate 26North CharlestonSC29405100Prospective
Uptown at Centre PointCentre Pointe Drive & International BlvdNorth CharlestonSC29418300Planned
Patriots Annex1 Patriots Point RoadMount PleasantSC29464130Planned
Courier Square635 King StreetCharlestonSC29403200Planned
Meeting Street578 Meeting StreetCharlestonSC29403203Planned
Boulevard584 Meeting StreetCharlestonSC29403250Planned
Belmont at WestgateWest Gate Drive & Lucerna PlaceLelandNC28451366Planned
SawmillBerlin Myers Pkwy & Highway 78SummervilleSC29483474Planned
Salisbury Townhomes1574 Old Dairy RoadSummervilleSC29483364Planned
Preserve, TheCarolina Bays Pkwy & State Highway 22North Myrtle BeachSC29568597Planned
Hawthorne at Clements Ferry2800 Clements Ferry RoadCharlestonSC29492210Planned
Heartsease at Ocean IsleChatham Drive NW & Seaside Road SWSunset BeachNC28468136Planned
Planet Road TownhomesPlanet Road & St. James AvenueSummervilleSC29486286Planned
Retreat at Carlile Townes Phase II, The226 St. Catherines CourtSummervilleSC29483100Planned
Seaside FarmsPine Island Road & Robert M Grissom PkwyMyrtle BeachSC29577400Planned
Henry East Brown7701 Henry E Brown Jr BlvdGoose CreekSC29445300Planned
Osprey IsleSEC Ocean Hwy West & Plantation Drive SWOcean Isle BeachNC28469264Planned
Southport MeadowsLong Beach Road SE & River Road SESouthportNC28461248Planned
Pelican PointeRabon Way SE & River Road SEWinnabowNC28479108Planned
River Road245 River Road SELelandNC28451160Planned

METHODOLOGY

Alex Blagojevich

Alex Blagojevich

Executive Managing Director / Co-Founder

alex.blagojevich@mmgrea.com

Michael-Sullivan

Michael Sullivan

Executive Managing Director / Co-Founder

michael.sullivan@mmgrea.com

Brett

Brett Meinzer

Managing Director

brett.meinzer@mmgrea.com

Thomas

Thomas Skevington

Senior Advisor

thomas.skevington@mmgrea.com

Kyle

Kyle Winston

Senior Advisor

kyle.winston@mmgrea.com

Jake Sullivan_2023

Jake Sullivan

Associate Advisor

jake.sullivan@mmgrea.com

Chris Wilson_2023

Chris Wilson

Associate Advisor

chris.wilson@mmgrea.com

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AS FEATURED IN

Construction Pipeline Report Methodology

Market Snapshot

Existing Units:  An estimate of the number of units in properties with 50 or more units.

Total Units Under Construction Or In Lease Up: Units being built or pre-leased as of February 2024, for projects with 50+ units.

Units Delivering in Next 4Q: Units expected to complete by the end of Q1 2025.

Share Of Existing Inventory UC: Percentage of units under construction relative to existing stock.

Construction Pipeline Status

Prospective: Early-stage project concepts.

Planned: Projects with approved conceptual plans by planning/zoning authorities.

Under Construction: Actively developed properties.

UC/Lease-Up: Properties under development and pre-leasing.

Rental Category

Discretionary: Resort-quality properties targeting high-income renters or those choosing to rent over owning.

High Mid-Range: Appeals to dual-income households with incomes similar to those in the discretionary category.

Low Mid-Range: Targets working professionals in “gray collar” jobs (e.g., police, firefighters, teachers, technicians).

Workforce: Aimed at blue-collar workers with lower incomes.

Pipeline Map & Data Table

Data sourced from Yardi Matrix. While accuracy is prioritized, the exactness of data cannot be guaranteed.

Construction Pipeline Map

The information provided in this construction pipeline map is obtained from Yardi Matrix. While every effort has been made to ensure that the information contained in the map is as accurate as possible, MMG REA does not warrant, endorse, or guarantee the completeness, accuracy, or reliability of the information.

Users of the map should be aware that the data related to properties, including but not limited to locations, statuses, and details, may be subject to change without notice. MMG REA shall not be liable for any errors, omissions, or inaccuracies in the information or for any user’s reliance on the information. Users are encouraged to validate the information with other sources in the field to confirm any details or obtain further information.

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