Trei Real Estate, an international developer and owner of residential and retail real estate, together with its local joint venture partner Middle Street Partners, has acquired a development site in Charleston, S.C., totaling approximately 38,000 square meters (409,000 square feet). The project, at an estimated cost of $85 million, is estimated for completion in late 2024.
The site on Daniel Island Drive, previously home to a soccer stadium, is part of the planned mixed-use Nowell Creek Village project.
The development, slated to start construction in October 2022, will deliver 320 rental apartments with a combined residential area of nearly 30,000 square meters (323,000 square feet), split among eight 3- and 4-story buildings. Amenities at the new multifamily apartment complex will include a swimming pool, fitness center, club room and dog spa. Atlanta-based architectural firm Dynamik Design is the architect for the project.
Pepijn Morshuis, the CEO of Trei, sa
