By Lauren Ratcliffe
lratcliffe@scbiznews.com
Published Feb. 23, 2012

Groundbreaking on downtown Charleston’s first large-scale mixed-use apartment community in more than two decades is scheduled for Friday at 3:15 p.m.

Greystar and Prudential Real Estate Investors will break ground on a 200-unit mixed-use apartment community in downtown Charleston on Friday. (Image/Schmitt Walker Architects)

Greystar and Prudential Real Estate Investors formed a new joint venture to develop Elan Midtown, which will feature a 200-unit midrise luxury apartment community with commercial retail space. The property is located at the corner of Meeting and Spring streets.

Bob Faith, chairman and CEO of Greystar, and Mayor Joseph Riley will speak at the event.

“Elan Midtown will offer residents a central location on the peninsula close to the region’s leading employers, educational centers and within walking distance of Upper King District,” Faith said in a statement.

The 1.77 acre complex will feature 200 apartment units above 6,887 square feet of ground-level retail space. A two-story parking deck will accommodate the apartment units.