By Ashley Barker
Published Feb. 19, 2014
Residents of 1950s-built Sergeant Jasper Apartments, overlooking Colonial Lake in downtown Charleston, are being asked to leave.
The 14-floor Sergeant Jasper, managed by real-estate development and investment firm The Beach Co., is scheduled to be demolished in the summer.
The 221 apartments, which are currently 85% occupied, will be vacated according to floor. Residents living on the top floor will move out of their apartments May 18-24. The remaining floors will follow each week until the second floor is vacated Aug. 10-16.
In the letter sent to residents, Leonard Way, vice president of The Beach Co., wrote, “We regret the inconveniences that you will incur in the coming months and will strive to accommodate the timing of your departure.”
The landlord is working with moving companies to arrange for discounted rates and will be holding a housing fair in the coming weeks that will include representatives from other apartment communities.
The apartment’s six employees will be allowed to relocate to different properties owned by the company, according to The Beach Co. spokeswoman Karen Bacot.
The 310 Broad St. building includes 17,000 square feet of commercial space that is leased for a convenience store, massage therapy office, chiropractor office and other various small businesses. They’re primarily located on the ground floor, and they received six months’ notice to vacate, Bacot said.
The building, currently zoned for limited business use, will be demolished one floor at a time, Bacot said.
“We haven’t got that all completely worked out yet,” she said. “But it will not be imploded. It will be a very long, careful process that starts from the inside.”
She said there is an effort to rezone the property, and plans for a new apartment complex are in the works.
“The new residential space will not be as tall,” she said. “There’s a lot of neighborhood meetings planned and meetings with the historical society and preservation society. Until we get approvals for everything, technically there’s not a plan yet.”
The Beach Co. has been working with the city of Charleston Planning Department since 2010 to decide how to redevelop the area.
“We are making progress and look forward to sharing our vision for the site in the near future,” said Kent Johnson, vice president of development for The Beach Co., in a statement.
The Beach Co. recently sold The Boulevard, a mixed-use development in Mount Pleasant, to TR Boulevard Corp. for $66.5 million.
Reach Ashley Barker at 843-849-3144 or @AshleyNBarker.