Argosy Real Estate Opportunity Zone I has closed on the land acquisition for Morrison Yard Apartments, a ground-up development including 380 multifamily units and 23,600 square feet of ground-floor retail in downtown Charleston, S.C.
Located in the North Morrison District (NoMo), a qualified opportunity zone within the Peninsula submarket, the site is part of a larger mixed-use development that will also encompass a separately owned, to-be-developed, 135,000-square-foot class A office building with 10,000 square feet of ground-floor retail. The Peninsula submarket is Charleston’s premier retail, residential and employment destination and, more specifically, the NoMo District has recently become one of the area’s highly desirable neighborhoods due to its walkability, proximity to major employers, direct access to major highways and dynamic mix of dining options.
The project will be developed in partnership with Woodfield Development, a Charleston-based multifamily a