The evolution of Daniel Island’s downtown area is nearly complete – with just a few buildings yet to be constructed.
All in all – approximately 1.7 million square feet of commercial space has been completed since the island’s inception, according to Harper’s calculations, with another 620,000 square feet yet to be built. Ultimately, the island will be home to about 2.3 million square feet of office and retail property.
Commercial projects in the pipeline include 873-877 Island Park Drive, which will add 33,000 square feet of new retail and office space to the Publix shopping center area. Look for construction to begin on those buildings before the end of the year. A second Blackbaud office building is coming to its headquarters campus on Fairchild Street. A construction timeline for that 175,000 square foot project, which will also include an associated parking deck, has yet to be announced. Other projects likely to commence in 2020 include the expansion of the Benefitfocus campus with an additional 165,000 square feet in office space, a possible Publix enlargement, and a new mixed-used, performance venue at 890 Island Park Drive. Also look for the future development of a new retail/office/residential complex at the site of the MUSC Health Stadium complex, which was purchased by Holder Properties this year. And lastly, the East West Partners project known as The Waterfront, to be located at the end of River Landing Drive along the Wando River, is already underway.
All in all, the island remains an attractive location for business prospects.
While most residential and commercial properties are expected to be at full build-out in three to five years, it might take just a bit longer for all to be complete – due to the multi-phase construction on the East West Partners project, as well as the new Holder Properties development on space now occupied by the MUSC Health Stadium complex and the former Blackbaud building on Daniel Island Drive. (Credit: Daniel Island News)
For more information on Daniel Island and current real estate offerings, please contact THE BRENNAMAN GROUP: 843.345.6074 -bob@charlestonproperty.net
