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Transactions - DECEMBER 18, 2023

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Capital Square and Method Co. top out luxury boutique hotel in Charleston, S.C.

by RELEASED

Capital Square and Method Co. announced the topping out of their new project, a 50-unit, luxury boutique hotel in historic downtown Charleston, S.C. The as-yet-unnamed development, located at 529 King St. within a qualified opportunity zone, is expected to be completed by summer 2024.

529 King St. is a five-story project featuring a mix of studio, one-, two- and three-bedroom units. The development totals approximately 52,700 square feet with 32,000 net rentable square feet of hotel and retail space. The project features an interior courtyard and a rooftop lounge that will be open to the public. The facade offers a modern interpretation of the historic Victorian-era aesthetic that's prevalent in Charleston.

Community amenities will include 44 valet-operated parking spaces, a private interior courtyard that will function as an open-air living room, a library and coworking space, a guest-only lounge, a semi-private terrace or balcony and a publicly accessible rooftop lou

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