TAMMY CONNOR Owner, Tammy Connor Interior Design
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Retailer adds e-commerce distribution center By Jenny Peterson
Refined taste
Reimagined commercial space opens on the peninsula. Page 13
Special delivery
S.C. Ports Authority receives its first chassis for pool to help alleviate gridlock. Page 9
H
Contributing Writer
ampden Clothing, a Charleston clothing boutique at 314 King St., has leased a 7,200-square-foot distribution center on north Meeting Street to keep up with demand from shoppers both in person and online. “In-store sales have increased at a pace of 107% over the past year while our e-commerce sales have increased 48% compared to last year.
Online sales have grown to be 30% of our current business,” said Stacy Smallwood, founder and owner of Hampden Clothing. “During the pandemic, many of our clients began to utilize our website for the first time and have not looked back.” Opening a 1,500-square-foot boutique in 2007, Hampden Clothing now occupies more than 10,000 square feet of retail space in adjoining buildings on King Street that includes its designer shoe store, James, along with 5,000 square feet of office space above its storefront
SEA ISLAND SALE
The sale of 55-acre Hoopstick Island to developers serves as another push against lagging inventory and development opportunities across the region. Page 8
Capital investment
See E-COMMERCE, Page 10
Boeing hopes 787 inventory takes off soon By Teri Errico Griffis
L
MUSC approves fundraising for a new academic building. Page 14
tgriffis@scbiznews.com
ast year was a rebuilding year for Boeing — there’s just not a whole lot of building new 787 jets here in South Carolina. Deliveries of the jet have been halted since May when the Federal Aviation Authority requested to look into further production quality issues regarding tiny gaps found between the sections of the fuselage. About the width of a human hair, the gaps were not a safety of flight issue for the in-service fleet, but the company has been working since to address the problem. Last year, Boeing only delivered a total of 14 jets manufactured in North Charleston, a far cry from the 53 recorded in 2020. Zero were delivered in the final quarter of last year. After months of delivery delays caused by Federal Aviation Authority and zero deliveries in the fourth quarter, Boeing now has 110 airplanes in inventory as of
Economic boost
Gov. Henry McMaster allocates $17 million for training state’s workforce. Page 11
INSIDE
Upfront................................. 2 SC Biz News Briefs................. 3 Small Business Spotlight........ 4 In Focus: Architecture, Engineering and Construction....................... 13 List: Engineering Companies...... 15 Charleston Under Construction....................... 18 At Work...............................27 Viewpoint............................ 31
where an in-house e-commerce team works. Sarah Shelley, with NAI Charleston, represented Hampden Clothing in the lease of 747 Meeting St. Day-to-day life at the distribution center reveals the inner workings of how to keep a thriving boutique and e-commerce site going. It’s a long and tedious process that includes receiving and processing up to 40 boxes of new clothing every day, carefully photographing
Hoopstick Island can be accessed by a single road across Bohicket Creek. (Photo/Keen Eye Marketing)
See BOEING, Page 11
CHARLESTON UNDER CONSTRUCTION Who is building what in the Charleston area? Projects, companies, prices, projected timelines, photos and stories. Page 18
Upfront
BRIEFS | FACTS | STATEWIDE NEWS | BEST ADVICE
South Carolina makes top states for shark bites
The weather has been freezing, icy and snowy across South Carolina, and it has us once again thinking about a warm, sandy vacation. No one likes the beaches of South Carolina better than tourists and sharks, however. If you’re a shark, the coasts of the world are simply where you live. But data recently released from the International Shark Attack File, which is a clearinghouse for the toothy fish at the University of Florida in Gainesville, shows that South Carolina was third-highest on the list in 2021 for shark attacks. Now before you start selling off your coastal vacation timeshare for pennies on the dollar, understand that the year-long total includes four unprovoked attacks — and zero fatalities. Why unprovoked? The researchers at the Shark Attack File note that unprovoked attacks occur when people are doing people things and not purposely trying to attract a shark’s attention. Even freeing a shark from a net would be considered a provoked attack. However, South Carolina with our aforementioned four unprovoked attacks doesn’t come anywhere near Florida, which at a tally of 28 came in at No. 1. Perhaps that’s why the shark attack experts are located in the Sunshine State. As the Shark Attack File makes abundantly clear, shark attacks and fatalities are exceedingly rare in any year, even if last year was higher than 2020. So please don’t send this to your relatives to scare them, unless, of course, you just don’t want them to visit.
Shark attacks in 2021 by state Unprovoked attacks occur when people are bitten while not trying to interact with sharks.
State
Attacks
Florida
28
Hawaii
6
South Carolina
4
California
3*
North Carolina
3
Georgia
2
Maryland
1
Countries where sharks attack
*California had the only fatal shark attack recorded in the U.S. last year. Eight other fatalities occured worldwide.
South Carolina’s shark attack trend The Palmetto State has averaged 4 1/2 shark attacks a year over the last 10 years, none of which resulted in a fatality. By comparison, Florida has averaged 25.9 attacks a year during that same time period.
Australia immediately comes to mind, right? It’s the place where supposedly everything on the land and sea wants to murder you, but the Aussies aren’t even close to the Americans for 2021.
Country
Attacks
USA
47
Australia
12
Brazil
3
New Zealand
3
South Africa
3
New Caledonia
2
Year
Attacks
2021
4
Canada
1
2020
1
Ecuador
1
2019
3
St. Kitts and Nevis
1
2018
3
2017
10 Source: 2021 International Shark Attack File annual report
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RECORD
“This new school will provide us with an opportunity for not only engaging with our peer institutions but also (to) engage with local companies, businesses and local economy.” — Andrew T. Hsu, College of Charleston president, on the newly established School of Health Sciences
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SC Biz News Briefs UPSTATE
GSA Business Report
Alice Manufacturing sells Easley factory
F
our years after the closure of Alice Manufacturing’s Ellison Mill and its corresponding 175-employee layoff, another textile facility owned by the company may get a new lease on life. Most recently used as a distribution center for fashion bedding manufactured in New York, Arial Mill was sold recently to Farpoint Acquisitions LLC for $2.6 million, according to a news release. The facility sits on 19.2 acres at 212 Rice Road and was originally built as a textile mill in 1924. Since 1966, the company’s nearby Ellison plant produced greige fabric and yarn until a “flood of imports from producers in non-market economies” led to the mill’s demise in 2018, according to a company announcement at the time, marking the end of an era for many in Pickens County. Last summer, Alice Manufacturing rebranded itself as an innovation economy investment firm, Alice Co., under CEO E. Smyth McKissick IV, the great-greatgrandson of the company’s founder. “Our business is completely different today,” former CEO E. Smyth McKissick III said in a news release. “But like my father and those who came before him, we keep our focus on opportunities and continually ask ourselves how we can build relationships with great people and enrich local communities.” The Arial Mill site is located within an Opportunity Zone and once redeveloped, could have access to federal and state historic tax credits, S.C. Textile Communities Revitalization Credits and New Market Tax Credits, according to CBRE. The 343,686-square-foot structure’s proximity to Pickens’ Doodle Trail biking path and the county’s lack of new multifamily developments makes the property a hot spot for future residential uses, including student or senior housing, or as a mixed development community, the commercial real estate company said in the news release.
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MARCH 21
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Weston adds Midlands industrial property to growing South Carolina portfolio
C
leveland-based real estate owner and developer Weston Inc. is continuing its acquisition of Midlands properties. Weston, with nearly 7 million square feet in its 45-property S.C. portfolio, has acquired a vacant, 182,160-square-foot industrial building at 3240 Brittain Drive in Newberry. Last February, Weston acquired three vacant properties in the greater Columbia market, located at 6011 Shakespeare Road, 1030 Metso Way and 201 Metropolitan Drive to expand its Southeast Industrial Properties portfolio. That acquisition came after a big push into the state the year before. In February 2020, Weston purchased 5.5 million square feet of industrial assets in the 37-property Carolina Industrial Properties. The 16-county, 57-tenant portfolio represented the largest single acquisition in South Carolina in at least 10 years, and was the largest transaction in Weston’s history. Colliers South Carolina’s industrial brokerage team of Chuck Salley, Dave Mathews, Thomas Beard and John Peebles represented Weston in the purchase. “There is a scarcity of rail-served buildings in South Carolina, especially buildings with a spur and switch in place,” said Salley, vice president and director of Colliers’ Columbia industrial brokerage team. “In addition to being rail-served, 3240 Brittain Drive has excellent truck loading facilities, trailer storage and outdoor storage.”
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Small Business Spotlight TAMMY CONNOR, TAMMY CONNOR INTERIOR DESIGN ABOUT MY COMPANY:
With offices and creative studios in Charleston and Birmingham, we have completed comprehensive custom residential projects throughout the United States. The recipients of numerous awards from the Institute of Classical Architecture & Art, we have been identified by Elle Decor as “Ones to Watch,” named a Traditional Home “New Trad Designer,” and selected for Luxe magazine’s “Gold List.” Our work has also been featured in an array of national media publications, including The Wall Street Journal, The New York Times, Veranda, House Beautiful, UK House & Garden, Departures, Southern Living, and Atlanta Homes & Lifestyles, among others, as well as in numerous books.
MY BUSINESS MODEL:
We offer bespoke interior design services for both residential and hospitality clients. Whether a project is in the city, country or on the water, new construction or a renovation, we approach it with a deep understanding of the setting and history, combined with respect for our clients’ lifestyle and vision. By creating an emotional connection with a place and bringing a client’s experiences, memories and traditions into our work, our interiors develop a distinct narrative. Inherent in this process is an open dialogue with our clients so they emerge from every decision and interaction with a clear understanding of their future home.
MY CUSTOMERS:
Each of our clients is different and we do projects all over the nation, in the city, the country, and on the water. The client is truly the heart of our work. We start each of our projects identifying their passions, habits, and how they and their family want to live. If you begin there, listening to the client and allowing the architecture and setting to guide you, the design direction will crystalize naturally. It’s only when you consider the whole of a house that you can design the spaces to have an organic ease and elegance, as though they have always been that way.
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CofC establishes first Lowcountry School of Health Sciences By Teri Errico Griffis
H
tgriffis@scbiznews.com
ealth care employment is expected to grow by 16% between 2020 and 2030, faster than the average of all other occupations, according to the U.S. Bureau of Labor Statistics. The growth would add 2.6 million health care jobs nationwide, with 30,000 needed in South Carolina alone. To meet demand for qualified workers not only in the region but nationwide, College of Charleston has established a School of Health Sciences. “Most health care professions require a graduate degree, and thus undergraduate programs throughout the state serve as an essential pipeline to the graduate professional programs at MUSC,” said Dr. Zoher Kapasi, dean of the College of Health Professions at the Medical University of South Carolina. Kapasi, College of Charleston President Andrew T. Hsu joined Suzanne Austin, the college’s executive vice president for academic affairs and provost, and David Ginn, Charleston Regional Development Alliance president and CEO, at an on-site announcement Jan. 27. “The pandemic has certainly reinforced the notion that for human society to operate at optimal levels, we need more and more of our top minds working to improve human health,” Hsu said. “I’m pleased that the College of Charleston is taking this important step to create a new school of health sciences so that we as a state and as a society may be better-positioned and better-resourced to address future public health challenges.” The new school will open in the fall and will provide CofC the opportunity to engage not only with other medical programs, but with local companies, businesses and economy, Hsu said. Initial discussion of the program began
College of Charleston Executive Vice President for Academic Affairs and Provost Suzanne Austin and President Andrew T. Hsu stood before faculty and community members Jan. 27 as they announced CofC’s new School of Health Sciences.
in the last year as the pandemic highlighted the importance of continuing to make advancements to human health and training the next generation of health scientists and practitioners, Austin said. “The future of higher education is and always has been about developing and delivering academic programs that enrich and improve the lives of students and society,” she said. “The college’s new School of Health Sciences will do just that by offering health science programs designed to prepare our students for careers that will improve human health.” As the school strives to become a national university renowned for its liberal arts innovations, a health sciences program fulfills several strategic goals regarding student success, academic distinction, innovation and strategic partnerships, Austin said. In particular, the school will allow CofC even more opportunities to collaborate with MUSC to create a pipeline of students into MUSC’s
1 2 8 Y E A RS STR ON G
academic and research programs. “We want to develop more programs in public health care, and then we want to grow student enrollment,” Hsu said. “We have probably 700 students (pre-enrolled), and I wouldn’t be surprised if, in four years, we topped that.” From a regional economic standpoint, Ginn said the new school makes the Lowcountry even more competitive when attracting companies and talent to the region. One of CRDA’s strategic focus areas is life sciences, and the School of Health Sciences now gives Charleston a significant advantage, he said. “What’s so important in that sector, if you’re going to compete globally and attract the best companies in the world and the best talent, is you have to have a pipeline of workforce talent that’s not only coming out of the College of Charleston but feeding strategically into the graduate programs at Medical University of South Carolina,” Ginn said.
When classes begin this fall, students will learn in existing facilities while officials look into building new spaces and acquiring new facilities, Hsu said. The school is forming a group to develop proposals for the new program, Austin said. The process could take about two years, she said. An internal search for an interim dean of the new school also will begin soon. As for other staff members, the school will hire a minimum of faculty initially based on the school’s existing public health classes, officials said. As new programs are developed, new faculty will be hired. “This is an area that is increasingly in high demand, and it’s also an area that Charleston is growing, or at least targets for future growth,” Hsu said. “My hope is that College of Charleston will play an important role in that.” CRBJ
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Charleston’s mayor outlines initiatives, challenges By Barry Waldman
I
Contributing Writer
n his sixth State of the City address as mayor of Charleston, John Tecklenburg laid out his priorities for 2022 while appealing to what he called the common-sense majority of the city. He identified as the key issues facing the city this year: addressing the existential challenge of flooding, fighting crime with an expanded police force and tackling the affordable housing shortage by building thousands more units. In a 16-minute address from historic City Council chambers that touched on national as well as local themes, Tecklenburg bemoaned the influence of extremism. “Too often and in too many places, the voice of the common-sense majority is being shouted down by small groups of loud people who think there’s only one right way to say or do anything – and that’s their way. I think that is nonsense, and I think you do too,” he said. While boasting that Charleston is more prosperous, resilient and equitable than at any time in its 352-year history – “Y’all, we’re in good shape” – Tecklenburg sounded the alarm on the prospect of sea rise swamping downtown.
In Mayor John Tecklenburg’s annual State of the City address Jan. 25, he outlined several initiatives designed to help the city overcome obstacles such as flooding, crime and lobbying the General Assembly for sentencing reform. (Photo/Provided)
Calling water the city’s greatest asset and liability, he vowed to move forward with a controversial flood wall recommended by the Army Corps of Engineers, designed to wrap around the lower peninsula. Critics of this plan claim this will simply push water up the peninsula and cause greater flooding elsewhere. Plans are already underway on 12 flooding mitigation projects in West Ashley, James Island and Johns Island, areas of the city that helped elect Teck-
lenburg after he promised to increase the focus beyond downtown. The cost of those projects, along with downtown projects that will pump roughly half-abillion gallons-a-day of storm water off the streets, tops $100 million. The mayor balanced that by taking aim at unrestrained development that puts further pressure on the city’s struggle with flooding. He called on the City Council to rezone the entire city to limit “irresponsible” development in low-ly-
ing areas. Tecklenburg contrasted Charleston with cities that have rushed to “defund” police in the wake of the police killing of George Floyd in Minneapolis. Charleston has increased the police budget $10 million from six years ago and boosted the number of police patrols, he said. While crime spiked during the first year of COVID-19, it held steady in 2021, he said, though crime in the city remains higher than the average for cities its size. “We’ve worked in partnership with our officers to make enforcement more fair, more accountable, more effective for all our citizens, regardless of race or walk of life,” he said. Tecklenburg proposed setting aside $1 million of federal money to expand camera coverage in the city and asked the council’s help lobbying the General Assembly for bail and sentencing reform to prevent repeat offenders, from committing more crimes. The mayor’s third stated priority is affordable housing, becoming more acute as home prices and rents have skyrocketed the past two years. He touted the city’s $50 million affordable housing fund and a list of projects to increase the number of affordable housing units, with thousands of units in the pipeline. CRBJ
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Realtors seal $1 billion in sales with private island deal ByTeri Errico Griffis
R
tgriffis@scbiznews.com
eal estate companies have set records left and right these past two years — but how many can say they’ve sold an island? William Means Real Estate started 2022 with the $7.5 million sale of Hoopstick Island, a 55-acre private spot off of Johns Island. The natural refuge, which has more than a mile of waterfront set along Bohicket Creek, is primed for development and zoned for 10 deep-water estate lots, a process the previous owner set in motion upon buying the land in 2014, said Lyles Geer, William Means president and broker-in-charge. Geer was the listing agent for the island’s sale. “(The sellers) bought it as an investment property,” Geer said of the investment group out of Atlanta. “They set up the infrastructure for it to be developed by somebody else. They never intended to develop it themselves.” Though the property has been on the market for a while, the sudden, increasing demand for Charleston property, deep-water lots in particular, spurred an outpouring of interest as of late. “I think it all has to do with the simple lack of inventory and realizing the opportunity for creating luxury highend homes here,” Geer said. “They’re not making any more islands in Charleston. This is a special property, and I think (the buyer) saw the value in it because there’s really nothing else remaining like it or of its kind this close to Charleston.” Plans for the property include 10 estate homes on five- to seven-acre lots each that fit in with the Lowcountry life-
style, Cassina Group founding partner and broker-in-charge Robertson Allen said. Allen represented the buyer. “In my opinion, this is one of the most exclusive small little enclaves of Charleston,” Allen said. “This will be a place where people can have privacy with the
Hoopstick Island off Johns Island is zoned for 10 deepwater estate-sized lots ranging from 5 to 7 acres each. (Photos/Keen Eye Marketing)
exclusiveness of only having 10 properties that will be available, only having nine neighbors.” Allen and colleague Charles Macintosh worked for a year to fine tune the details to close the sale with the buyer, Carbon Properties, a developer out of Charlotte. “There was raising some money, running all sorts of different scenarios, highest and best use, that type of thing,” Allen said. “But it finally came to fruition, and
we’re extremely excited.” The development will keep more in line with what the neighboring communities like Wadmalaw and Bohicket Road are all about, he said. Eight of the sites will be deep-water with short docks. The remaining two properties will be built along the
tidal creek with longer docks. Homes will start north of 4,000 square feet each. Prior to this deal, various groups over the years had tried to push the boundaries of the island, beefing up the number of units that could be built on the property or suggesting an outdoor sporting club. But the plans never went forward. Until now, that is. With the Lowcountry market scorching hot and inventory levels as low as they have been for the last two years, now was the time to capitalize on Hoopstick, Allen said. “True deep-water access is not available and the demand is so high that we feel like we’re stepping into this at a very opportune time,” he said. While Carbon will develop the island, and another limited liability company that backed the property will be involved, Cassina Group will be representing any inquiries involving sales for the most part, Allen said. He hopes to have more information to offer buyers toward the end of the year, but he’s already putting together a team of architects and interior designers, and looking into the logistical steps of surveying lots, establishing property lines and building docks. Allen fully anticipates going vertical as soon as possible with completion around spring 2023. The sale of Hoopstick Island capped a tremendous year for Cassina Group and William Means Real Estate, which recorded $477 million and $420 million in closed
and pending sales, respectively, in 2021. Cassina Group was recognized this past year as one of America’s fastest-growing private companies by Inc. magazine and named to the Inc. 5000. Allen also helped close the $11.65 million sale of 147 Flyaway Dr. in November, one of the highest-priced back flag lots in Kiawah Island history. William Means Real Estate’s overall sales marked the best in the company’s 88-year history and represented a 35% uptick over 2020. The growth moved the company into its new Mount Pleasant headquarters at 353 North Shelmore Blvd., with plans to open a second Lowcountry office at 25 Broad St. later this year once construction completes this year. The firm further concluded 2021 with $47.7 million in sales in the I’On community of Mount Pleasant, more than $128 million in south Mount Pleasant sales, $37 million in West Ashley sales and $22 million in sales on Sullivan’s Island. William Means also achieved $125 million in sales downtown inside of the Crosstown and $66 million in sales South of Broad. “We’ve never had such a successful year and a lot of that is contributed to so many people wanting to live in Charleston in this post-covid world,” Geer said. “The demand is only increasing, and there’s only so much supply to go around.” CRBJ
Reach Teri Errico Griffis at 843-849-3144.
Feb. 7-20, 2022
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SC Ports builds chassis pool to fight supply chain gridlock By Teri Errico Griffis
N
tgriffis@scbiznews.com
eighborhood swimming holes are closed for winter, but S.C. Ports Authority is ready to dive into its very own chassis pool. The SCPA welcomed its first shipment of 700 chassis Jan. 24, a milestone moment as the agency makes a hefty move to own and operate its own chassis fleet. Following this shipment from Vietnam, another round of 1,600 chassis is expected to reach land next month. From there, equipment will continue flowing in all year year leading toward a spring 2023 opening for the South Carolina Maritime Chassis Pool. “There has never been more of a need for chassis in the supply chain,” SC Ports President and CEO Jim Newsome said in a statement. “We found a great partner in Dorsey Intermodal in manufacturing the new port-operated chassis fleet. This is a true reflection of our commitment to creative solutions and ensures efficient and fluid operations as we continue to handle record-breaking cargo volumes.” Industry-wide chassis shortage is one of the biggest issues facing the ports today. The country is importing 20% more cargo than the supply chain was built for, New-
The SCPA-owned chassis pool is expected to open in spring 2023. (Photo/SCPA, English Purcell)
some said, and without enough distribution centers to receive containers, containers are siting around, waiting to be unloaded. Those containers either sit on the SCPA lots and pay a storage fee. Currently, average dwell times are 15 days — nearly double the pre-pandemic average of four to nine days. In March 2020, SCPA had 6,000 inbound loads after a record month. By December 2021, the agency recorded 17,000, of which 5,000 had been sitting more than 15 days. The other option is for companies
to load containers on a chassis, take the cargo off-site and leave it parked at a distribution center until it can eventually be unloaded The backlog has maxed out the chassis pool and Newsome said companies aren’t playing fairly, hoarding whatever chassis they can scrounge up. To alleviate the strain, the SC Ports is working with management of the existing South Atlantic Chassis Pool to create a smooth transition of chassis to customers, shippers and motor carries, the SCPA said.
“The delivery of these chassis marks a new era for South Carolina Ports,” Barbara Melvin, South Carolina Ports COO, said in a statement. “With the launch of the chassis pool in 2023, South Carolina Ports will enhance the reliability, safety, quality and availability of equipment for the benefit of motor carriers and customers.” The chassis could be seen aboard the Liberty Promise, arriving at Hugh K. Leatherman Terminal after a 40-day voyage from Vietnam. The chassis were manufactured by Vietnam-based Thaco, which partnered with Dorsey Intermodal to increase manufacturing capacity. , which partnered with Dorsey Intermodal to increase manufacturing capacity. “We are humbled to be part of the team bringing South Carolina Ports’ chassis fleet to fruition,” Dorsey Intermodal President JP Pierson said in a statement. “Through our collaboration, South Carolina Ports is bringing a great product to the supply chain at a time it’s most needed, and providing their customers with reliable and safe equipment. We are grateful for the opportunity and congratulate the entire team on this endeavor.” CRBJ
Reach Teri Errico Griffis at 843-849-3144.
10
www.charlestonbusiness.com
Feb. 7-20, 2022
Hampden Clothing on King Street in Charleston has opened a distribution center on Meeting Street to handle the flood of e-commerce orders coming into the company. (Photo/Teri Errico Griffis)
E-COMMERCE, from Page 1
items on both a mannequin and model to ensure they appeal to scrolling eyes online and packing and shipping out hundreds of online orders, Smallwood said. Once new clothing and ecommerce returns are received and inventoried at the distribution site, items are placed in “steam closets” that press 40 garments at
a time before either being sent in a Sprinter van to the retail store or packed and shipped across the country. “On Mondays we typically process 100 orders from the weekend,” Smallwood said. While Hampden Clothing has always had an online presence, “it has taken a lot of time, energy and effort from our team to get where it is today,” Smallwood said.
“An ecommerce website is always evolving and needs constant updating. Every item in store is on our site, and inventory is updated every 15 minutes when sales occur in store and online.” It will take a team of people for the distribution center to run seamlessly. Hampden Clothing is currently hiring for a chief operating officer, distribution center manager, buying coordinator, social media and marketing coordinator, marketing and events manager, two stock coordinators, stock assistant, receiving
coordinator and an ecommerce photographer. “The logistics and the amount of time it takes to (photograph) the product on not only a mannequin but also on a model with all the coordinating pieces to go with the look… coordinating over 100 different SKUs of product and 2,000 units of product each day…so many people are involved in the process, and there is so much more once the product is live,” Smallwood said. The company has hired staff for 25 jobs over the past two years, bringing its total employee count upward of 40. “With 70% of our sales still coming from in store, our growth is still dependent on our relationships and strong customer base,” Smallwood said. Smallwood continues to expand avenues in e-commerce, including personal Hampden Clothing “styling boxes” sent to clients across the country that allows them to try on items before purchasing. Styling boxes are processed through the distribution center. “I am looking forward to continuing this growth in the next 15 years as we bring creative jobs to our community, millions of dollars in revenue and millions in tax dollars to our state,” Smallwood said. “Fashion is not often thought of as an industry that can do such things for our community, but I am choosing to base my business in South Carolina, and we want to show the world what we can do.” CRBJ
North Charleston investing in livability assets this year By Barry Waldman
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Contributing Writer
ow entering its 50th year, the state’s third largest city with 111,000 residents, North Charleston is running a tight fiscal ship and focusing on growth, said Keith Summey said, who has served as mayor for 27 of those years. With a nearly 10 percent spike in real estate taxes offsetting a 2% dip in retail tax collections, the city remains in good financial shape, Summey said in his State of the City message, which was released with video B-roll and captions. The state’s leader in retail sales for the past three decades with $7.9 billion, North Charleston will pay for a host of new recreation facilities “by running the city like a business and living within our means,” Summey said. On tap are new ball fields, aquatic centers and community centers spread across the city to accommodate its growing population. Among them are a Miracle League field, an inclusive playground for children of all physical abilities, a new aquatic center and gym in Park Circle and two new senior centers – one on the old tank farm off Carner Avenue and the other near the North Charleston aquatic center on Patri-
North Charleston could see a new Park Circle community building, ball fields and more in 2022.
ots Boulevard. That doubles the number of senior centers, Summey said, and provides accessibility to all seniors in the city, wherever they live. Last year saw the return of many city events, like the city’s cultural arts festival, and Summey said that would continue in 2022 with the revival of the city’s St. Patrick’s Day parade and festival. Additionally, Summey teased a 50th anniversary celebration coming in June. Much of Summey’s State of the City
focused on planned infrastructure improvements that won’t be complete in 2022 and are beyond the scope of the city itself. They include the extension of Palmetto Parkway to Aviation Avenue, the widening of Dorchester Road, a new pedestrian and cycling bridge across the Ashley River and the establishment of a Lowcountry Rapid Transit bus system through the length of the city. “Over the next 10 years, North Charleston will see a lot of orange cones, but the
result will be improved infrastructure and mobility,” the mayor said. “However, infrastructure improvements are neither fast nor cheap.” With FBI data showing reports of violent crime rising 20.2% from 2019 to 2020 in North Charleston, Summey expressed appreciation for law enforcement in the city. The FBI also reported that property crime in the city was down 13.7% for the same year. Summey also acknowledged the findings of a recently completed racial audit and promising to act on its key findings. The audit found disparities in arrests, traffic stops, field interviews and use of force based on race. “The top priority of the men and women of our police department is to end victimization in the city,” he said. “Changes take time to implement, but I am confident that Chief Burgess has the department on the right track.” A small city reeling from the Navy Base closure when Summey took office, North Charleston’s population is projected to jump another 45% by 2040, sprawling further into all three local counties. The mayor’s State of the City message demonstrated a community grappling with explosive growth that’s likely to continue well into 2022. CRBJ
Feb. 7-20, 2022
www.charlestonbusiness.com 11
Gov. McMaster allocates millions for tuition in SC
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Staff Report
ov. Henry McMaster has announced a $17 million expenditure to bolster South Carolina’s workforce through a scholarship training program to help students in two-year institutions, including certification and study for high-demand job sectors. With the creation of the Workforce Scholarships for the Future pilot program, McMaster also asked the state’s General Assembly to provide $124 million in American Rescue Plan Act money to extend the program through June 30, 2024, the governor’s office said in a news release. The workforce scholarship program will first be funded through the Governor’s Emergency Education Relief Fund in an effort to address the state’s shortage of workers. The goal is to provide scholarships to cover tuition and fees at technical colleges in South Carolina, the governor’s office said. “South Carolina must be proactive in addressing the labor shortage,” McMaster said in a statement. “This funding will take on the crisis head-on by providing thousands of South Carolinians with the skills needed to thrive in a number of high-demand careers.” McMaster said that additional money from the General Assembly could help the state attract interest from other companies in other areas of the country, as well. Paralegals would not be the only BOEING, from Page 1
the fourth quarter and executives said at an nvestor call Jan. 26 that they still don’t know when deliveries will resume. “We set out on a comprehensive program to ensure every 787 airplane in our production system conforms to our exacting specifications. We resolved many of the non-conformances and, we’re finalizing our work on the remaining items,” Executive Vice President and CFO Brian West said on the call. Boeing reported a fourth quarter revenue of $4.8 billion, primarily driven by higher 737 deliveries that were “partially offset by lower widebody deliveries and less favorable mix.” Operating losses of $4.5 billion were primarily driven by charges on the 787 program, resulting in a negative margin rate, West said. But despite a hard hit to the 787 program, CEO Dave Calhoun remains optimistic for a robust recovery of the 787 program in the next year or two. “It reflects everything we’ve learned about the rework process itself, the data
Gov. Henry McMaster visits a manufacturer in December. The governor has allocated $17 million to tuition and fee scholarships at the state’s technical colleges for students studying in high-demand fields, including paralegal certification. (Photo/Governor’s Office)
course of study included in the tuition payments. The governor’s office said that any adult or recent high school graduate in South Carolina is eligible for access to the funding. However, the money can only be used for associate degrees or industry credentials in high-demand careers, including manufacturing, health care, computer science and information technology, transportation distribution and logistics or construction. “Our 16 colleges are committed to making higher education affordable and accessible for the citizens of South Carolina,” SC Technical College System
President Tim Hardee said in a statement. “Workforce Scholarships for the Future opens doors for South Carolinians, helping them get the training and education they need to work in high-demand fields across our state. This scholarship is helping build a skilled and ready workforce for business and industry.” Academic requirements include must maintain 2.0 grade point average and complete one of the following requirements as well: 100 hours of voluntary time to a nonprofit or public-service organization Sara Hazzard, President and CEO of the South Carolina Manufacturers
Alliance said the tight labor market is requiring that the best skills and credentials are available to fill high-demand occupations. “South Carolina’s Technical Colleges have a strong track record of performance in providing educational and training programs that lead students to meaningful careers,” Hazzard said in a statement. “This scholarship program will make a positive impact for many South Carolinians and will strengthen the pipeline of skilled individuals who are critical to our state’s future success.” The program went into effect on Jan. 1, the governor’s office said.
required to restart deliveries and obtain ticketing and then customer expectations regarding concessions as we move forward,” Calhoun said. The CEO regards Boeing’s backlog of more than 100 finished planes, including a buildup of 737 Max jets, as a “double-edged sword.” Boeing would rather not carry such a large inventory, but Calhoun believes the planes will serve the company well in the future as bookings and customer discussions are still ongoing with regard to their fleet plans, medium- and long-term. “We will run our rate as low as we can while we burn our inventory as fast as we can, I think is the way to think about it,” he said. Part of Calhoun’s confidence comes from the volume of the 787s currently in the field, with 99% of the fleet is in service today compared to pre-pandemic levels. The 787 is the most used widebody in the air today, he said. “This is a great product line and a competitive product. And as soon as we begin delivery, we feel very good about the ultimate recovery,” he said. West wouldn’t speculate when 787
deliveries could restart — though Calhoun said it could still be a couple more months — but he said on the call, “we have made meaningful strides in addressing many of the non-conformances we identified. We have work remaining to do, and we continue to hold detailed productive discussions with the FAA every step of the way.” From a financial impact standpoint, Boeing recorded a $3.5 billion noncash charge in the fourth quarter to write down “unamortized deferred production costs, primarily due to estimated customer compensation for the longer delivery delays,” West said. He emphasized that cash margins on the 787 continue to be positive and are expected to remain so and improve over time. For the $3.5 billion charge, West explained the company had previously expected rework for the door-surrounds to be labor-intensive, but by the fourth quarter, the company realized the solution needed to be performed on the entire inventory, therefore impacting more planes. “We provided for estimated customer concessions because of these delays, which drove the $3.5 billion charge. While this
hurts in the near term, we still believe it’s the right thing to do because long term. We’re going to sell a lot of these 787s for decades. So, we just got to work our way through this,” West said. Looking ahead, West breaks down the coming year as three separate parts: reaching key milestones to resume 787 deliveries; improving performing metrics, such as deliveries, revenue, margin and cash flow; and accelerating financial performance. He believes there’s strong opportunities ahead for Boeing to return to sustainable growth. “We remain very confident in the future success of the 787, and it remains one of our most compelling programs,” West said. “Importantly, none of the issues we’re addressing have raised immediate safety of flight concerns or impacted the capabilities of the in-service fleet. We received gross orders for 21 airplanes last year, and we see a long runway ahead. We are working diligently to ensure that we are well positioned as demand recovers and accelerates in the future.”
CRBJ
CRBJ
Reach Teri Errico Griffis at 843-849-3144.
12
www.charlestonbusiness.com
Feb. 7-20, 2022
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PUBLICATION DATE: June 27, 2022 | ADVERTISING DEADLINE: May 13, 2022 For advertising information, contact Robert Reilly at (843) 849-3107 or rreilly@scbiznews.com
In Focus Office complex, commercial space anchor music venue ARCHITECTURE, ENGINEERING AND CONSTRUCTION LISTS: Engineering Companies, Page 15-17 | People in the News, Page 27
By Jenny Peterson
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Contributing Writer
large-scale outdoor music venue plans to start welcoming national and touring musical acts as soon as April when The Refinery on upper Meeting Street opens a 1,500-person capacity amphitheater-style stage. The venue will be located on the campus of company’s office and commercial space complex on the Upper Peninsula. A restored passenger railcar from 1956 will serve as a “green room” for acts, a nod to the industrial site which once housed a former oil refinery at 1640 Meeting Street Road. There are 36 leased office and commercial spaces with varying square footages in two historic buildings at The Refinery, with a brewery and distillery on the ground floor. A 220space parking lot, nearby 300-space garage and bathroom facilities will support the large-scale open outdoor event space in the development’s courtyard. The amphitheater space will be available for private events, along with The Refinery’s rooftop event space which accommodates 150 people and offers views of downtown Charleston. The amphitheater will be a venue for a Charleston Wine + Food Festival event in March and the Spoleto Festival has shown interest, said Lindsay Nevin, owner and CEO of Flyway Companies, which developed the project with Mountain Shore Properties. The Refinery’s two beverage tenants, The Whale, an Asheville-based craft beer collective, and Sweet Grass Vodka, a Charleston vodka distillery, will offer concessions to concert-goers. Nevin was behind the office space-brewery-distillery-music venue combination, which broke ground in 2019. “This is a new segment of business for (Flyway Companies) that we have not been involved in (before),” he said. “Our offices are located here, and — as corny as this may sound — the idea of being able to leave the office on a Thursday or Friday afternoon and go downstairs and get a beer and listen to music was really where the idea stemmed from.” Savannah architecture firm Sottile & Sottile, a longtime Flyway Companies partner, handled design for the
The Refinery office and commercial complex on the Upper Peninsula is opening a large-scale, outdoor music venue. (Photo, Rendering/Provided)
renovated historic buildings along with the curved outdoor stage and curved paths in the open space. Flyway Companies plans to use local entertainment agency Ear for Music to book local and regional acts along with national booking agencies. Flyway is still looking for a restaurant tenant to move into a first-floor space equipped with food service safety regulations and 3,000-square-foot outdoor space. The future restaurant will tap into a customer base that includes The Refinery’s office tenants, concertgoers and other visitors. Aside from the restaurant, every office and commercial space in the Refinery’s two buildings are fully leased, Nevin said. Tenants lean toward local, creative industries and include Hudson Cooper Design, Jane Pope Jewelry, Liollio Architecture, Nice Brands, Ohm Radio, The Gaylord and Dorothy Donnelley Foundation, Rebecca Atwood Designs, Queen + Knox by Mary Welch Fox of HGTV’s “Breaking Bland” and Cortney Bishop Design. “COVID threw us a couple of curve
balls, but I think we’ve leased up as quickly as any new office project in the Upper Peninsula,” Nevin said. “We also have the ability to build one additional building on the north end of the site, so
we’re not completely built out. A performing arts (space) was a piece that we wanted to include in the project. More than anything, I want this to be an asset to the city of Charleston.” CRBJ
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Feb. 7-20, 2022
MUSC pursuing project to centralize students, faculty By Teri Errico Griffis tgriffis@scbiznews.com
FAST. UNFILTERED. FRESH.
The state’s oldest public medical college, Medical University of South Carolina, is marking 198 years since it was established, and with it, the board has voted to launch fundraising for a new College of Medicine academic building. The proposal is to replace the existing Vince Moseley building at the corner of President and Bee streets, creating a stateof-the art, centralized home for students and faculty who are now scattered in buildings across downtown Charleston. “Our current spaces have pretty much aged out and haven’t kept up with some of the latest developments in education and other activities we want to develop for our students,” Dean of Medicine Dr. Raymond DuBois said. “Most schools of medicine in the country do have a dedicated building for their education and faculty and research efforts, and we just are sort of spread out in several different places.” The last “new” building for the college was erected around 1955 and Dubois said talks about a new academic space have been ongoing for the past two or three years. Schools like UNC and Duke are doing the same thing, collecting everyone into one home, said Janet Buffington, administrative coordinator for MUSC, who is focused on the nuts and bolts of the project. With the recent expansion of MUSC’s health system throughout the state, there’s serious talk of establishing another regional campus around one of them, in addition to facilities in Charleston and Anderson. Such an undertaking, however, would require MUSC to increase its class size and currently, the college doesn’t have enough seats in classrooms to do that.
“We can’t get accredited for more students unless we have more seats,” DuBois said. And applications are flooding in to MUSC as medical school applications nationwide have risen 16-20% in the last few years. “Right now, we’re able to recruit some of the most renowned faculty in America to come work for us. The students are high caliber and we’ve been breaking the research record every year at the medical school,” said Derek Brown, associate dean of development for the College of Medicine. “Imagine what would happen if we had a state-of-the-art facility to go with that. Amazing things can happen.” The appeal of razing the Moseley building is its central location on campus, which makes the spot the most convenient for an academic building. To-date, the college has done a large expansion of its clinical buildings along the Ashley River side of the campus, but DuBois said it’s a pretty far walk for faculty to travel. “It’s centrally located for the students to be able to do research education, use the library and all these other activities,” DuBois said. The current structure has a fairly small footprint, with two stories and roughly 10 offices. By building up, the new design would more efficiently use the property. DuBois said next steps will be detailing diagrams and usage of the space, selecting an architecture team and developing a feasibility plan for fundraising. While MUSC doesn’t have a concrete budget without a final design, Brown has researched what a building of the desired size will cost in terms of dollars per square foot, equipment and so on. Final fundraising numbers are still to be determined, but to help with feasibility plans, the college has contracted with
fundraising firms nationwide. “We have thousands of donors to this medical school and 9,000 living alumni, so we’ll be talking to many stakeholders to get an understanding of what they feel about the building, are they excited about this opportunity before us, would they be willing to partner with us,” Brown said. “We’re going to need a good amount of support to make this a reality, but the payoff is unbelievable to think about what this could do for our college.” Ideally, DuBois wants to equip the building with up-to-date modern technology and services where students could work in small groups or on simulations. He’d also like to see the school teach via virtual reality. “The caliber of students that we’re recruiting now, from my understanding, is really outstanding with some of the best MCAT scores that we’ve had,” Brown said. “They could go to medical school at numerous places and we don’t want to lose out if other schools have more place to study, better technology.” The College of Medicine has reserves to help support the endeavor and DuBois said MUSC will seek support from the state, which has supported other medical schools in the past. There’s no guarantee MUSC would see any money, though. Down the line, leaders see more potential projects to the school, including updating MUSC’s main bed tower, along the Ashley River location. “This college is the oldest medical school in the south. It’s well regarded around the nation,” Brown said. “This new building really will be a symbol of excellence for South Carolina and we’re hoping that a special donor will put their name on it. CRBJ
Charleston Place Hotel announces multi-million dollar renovation CRBJBizWire.com Dedicated to serving up business announcements fast & unfiltered.
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By Jenny Peterson Contributing Writer
Now under new ownership, The Charleston Place hotel in downtown Charleston will undergo a multi-million dollar renovation that will “reimagine nearly all aspects” of the 434-room hotel, according to a press release from owner Charleston-based Beemok Hospitality Group. Beemok Capital, led by Charleston businessman and philanthropist Benjamin Navarro, announced in October 2021 that the company had acquired the property. Beemok’s portfolio includes hotels, restaurants and entertainment venues throughout the Southeast and beyond. Renovations are set to begin in mid-2023 and will be completed in phases, according to the press release. The hotel will remain open during the multi-year transformation of the lobby, courtyards, guest rooms, suites, spa/wellness center, restaurants, bars, retail,
meeting and event spaces and pool. Charleston Place was built in 1986 as an Omni Hotel in order to spur tourism and revitalize the city. It takes up a block of Market Street between King and Meeting Streets with retail shops on the ground floor and sits across from the historic city market. “We are grateful to inherit this legacy,” said Casey Lavin, president of Beemok Hospitality Group. Starting in March, the name will officially transition from Charleston Place, a Belmond Hotel, to The Charleston Place to reflect its new position as a locally-owned and managed independent luxury hotel. Renovations will be done by Pierre-Yves Rochon, luxury interior design firm with offices in Paris and Chicago, whose portfolio includes the Four Seasons George V in Paris and the Waldorf Astoria in New York and Beverly Hills; Cooper Carry, an Atlanta architecture firm headquartered whose projects include The Sanctuary at Kiawah Island;
the Charleston office of LS3P, a multi-disciplinary firm with expertise in historic preservation with projects that include The Spectator Hotel and The Vendue; and Rees Roberts + Partners, an interior and landscape design firm based in New York. The lobby and other public spaces will be redone by local interior designer Cortney Bishop Design. Bishop will also update the Thoroughbred Club Lounge and Meeting at Market, the hotel’s upscale pub. “Guests and locals can expect to see additional new programming and installations including high teas, Sunday brunch, daily live music, historical tours, wellness offerings and alliances with local organizations and businesses,” the press release states. Beemok Hospitality Group’s other current assets include The Cooper Hotel, a 225-room luxury hotel being constructed in partnership with Lowe and the Credit One Bank Stadium and LTP Tennis Center in Charleston. CRBJ
Feb. 7-20, 2022
www.charlestonbusiness.com 15
Engineering Firms
Ranked by No. of Licensed Engineers in the Charleston Area Company
Phone / Website / Email
Top Local Official(s) / Year Founded
Engineers / Employees
Stantec Consulting Services Inc. 4969 Centre Pointe Drive, Suite 200 North Charleston, SC 29418
843-740-7700 www.stantec.com rick.day@stantec.com
Rick Day, Jenny Horne, Bryan Kizer 1959
27 59
Roadway design, traffic engineering, bridge and structural engineering, civil and site planning and design, landscape architecture, environmental services, coastal engineering and water resources
Thomas & Hutton 682 Johnnie Dodds Blvd., Suite 100 Mount Pleasant, SC 29464
843-849-0200 www.tandh.com info@tandh.com
Chris Magaldi, Tony Woody 1946
23 88
Residential, commercial and industrial civil site design, survey, GIS, transportation, land planning and landscape architecture, structural design, water and wastewater, air quality management and permitting
CEMS Engineering Inc. 108 Bentons Lodge Road, Suite B Summerville, SC 29485
843-875-3637 www.cems-ae.com info@cems-ae.com
Stephen Mahaffey, Scott Perkins 1989
20 55
Architecture, civil, electrical, mechanical, plumbing, structural, fire protection, interior design, planning and commissioning
Kimley-Horn 115 Fairchild St., Suite 250 Charleston, SC 29492
843-737-6390 www.kimley-horn.com
Jonathan Guy 1967
20 15
Civil engineering, landscape architecture and land planning, environmental services, traffic/ transportation engineering and structural engineering
SeamonWhiteside 501 Wando Park Blvd., Suite 200 Mount Pleasant, SC 29464
843-884-1667 www.seamonwhiteside.com contact@seamonwhiteside.com
Jason Munday, Gary Collins 1985
18 81
Residential, retail, commercial, sports and recreation, public facilities, site design, water and sewer infrastructure, permit coordination
AECOM 4016 Salt Pointe Parkway, Suite 200 North Charleston, SC 29405
843-767-4602 www.aecom.com stewart.l.jones@aecom.com
Gary L. Freeman 1999
17 41
Water and sewer, water and wastewater treatment, civil and site engineering, stormwater, transportation, coastal engineering, environmental services
Collins Engineers Inc. 5955 Core Road, Suite 522 North Charleston, SC 29406
843-884-2027 www.collinsengr.com jsigman@collinsengr.com
Jonathan Sigman 1992
16 19
Bridge inspection and design, structural inspection and design, underwater engineering, waterfront and marine
Davis & Floyd Inc. 3229 W. Montague Ave. North Charleston, SC 29418
843-554-8602 www.davisfloyd.com marketing@davisfloyd.com
Michael V. Horton, Donnie Dukes 1962
15 49
Civil, transportation, water, wastewater, stormwater, environmental and structural engineering; surveying; GIS; land planning; landscape architecture; and construction engineering and inspection
Weston & Sampson Engineers Inc. 3955 Faber Place Drive, Suite 300 North Charleston, SC 29405
843-881-9804 www.westonandsampson.com hornerr@wseinc.com
Meghan E. Moody, Robert L. Horner, Kip R. Gearhart 1899
15 30
Infrastructure engineering and permitting, transportation, water, wastewater, stormwater, civil and site, utilities, construction inspection, structural engineering
RMF Engineering Inc. 194 Seven Farms Drive, Suite G Charleston, SC 29492
843-971-9639 www.rmf.com
David S. Crutchfield, Craig R. Buck, Beth A. Crutchfield 2002
14 30
Engineering design for buildings and utility systems for educational (K-12, tech colleges, higher ed), healthcare, government, science and technology, sports and rec, aviation, manufacturing and commercial facilities
S&ME 620 Wando Park Blvd. Mount Pleasant, SC 29464
843-884-0005 www.smeinc.com cblack@smeinc.com
Aaron Goldberg, Chuck Black 1973
12 55
Geotechnical engineering, environmental consulting, construction materials testing, special inspections, industrial hygiene and safety services, hazardous building materials inspection, natural and cultural resources
DWG Consulting Engineers 1009 Anna Knapp Blvd., Suite 202 Mount Pleasant, SC 29464
843-849-1141 www.dwginc.com
Brian Bates, Phil Dalpiaz, Mike Weeks 1991
11 32
Mechanical, electrical, plumbing, fire protection, communications, commissioning consulting engineering services; licensed in 43 states, USVI and Puerto Rico
Infrastructure Consulting & Engineering 115 Fairchild St., Suite 100 Charleston, SC 29492
843-266-3583 www.ice-eng.com
Elham Farzam 2005
10 52
Roadway, bridge and structural, hydrology and hydraulic design; construction management, CE&I; design-build engineering; environmental services; port engineering; utility coordination; surveying and geotechnical engineering
Mead & Hunt 5595 Core Road, Suite 510 North Charleston, SC 29406
843-486-8330 www.meadhunt.com brittany.williams@meadhunt.com
Dan Moses, Robert Moore 1900
10 15
Engineering, architecture, planning, transportation design, aviation, construction administration, construction inspection
Live Oak Consultants 4214 Fellowship Road North Charleston, SC 29418
843-529-9428 www.liveoakconsultants.com info@liveoakconsultants.com
Richard L. Owens 2008
9 26
Industrial, commercial, educational, institutional, health care, marine terminal, aerospace, automotive, retail, hospitality, restaurants
Terracon Consultants Inc. 1450 W. Fifth St. North Charleston, SC 29405
843-884-1234 www.terracon.com will.salters@terracon.com
Will Salters, Lori Rogalski, Melvin Williams 1993
8 55
Site selection, asbestos, brownfield, wetland, geotechnical exploration, seismic analysis, vibration and noise evaluation, foundation and pavement design, materials consulting, testing and inspection, construction QA and QC
TranSystems 4400 Leeds Ave., Suite 430 North Charleston, SC 29405
843-266-9300 www.transystems.com
Matt C. Gehman 1966
8 19
Civil and structural engineering, architectural, planning and construction phase services for roadway, bridge, rail, ports and marine, transit, airports, trucking infrastructure development projects for transportation clients
Applied Building Sciences 2308 Cosgrove Ave. North Charleston, SC 29405
843-724-1456 www.appliedbuildingsciences.com info@appliedbuildingsciences.com
Jason Gregorie, Scott Harvey, Al Schweickhardt 2003
6 28
Forensic, structural, civil, building enclosure
Berenyi Inc. 49 Immigration St., Suite 201 Charleston, SC 29403
843-284-2000 www.berenyi.com
Tony A. Berenyi, Jordan Behringer, Razvan Cojocaru 1990
5 12
Engineering, architectural, construction, industrial, commercial, design build
Britt, Peters & Associates Inc. 1100 Queensborough Blvd., Suite 202 Mount Pleasant, SC 29464
843-284-0400 www.brittpeters.com info@brittpeters.com
Seth Robertson 2001
5 6
Residential and commercial design
ECS Southeast LLP 5935 Rivers Ave., Suite 105A North Charleston, SC 29406
843-654-4448 www.ecslimited.com astrawman@ecslimited.com
Thomas Blackwell, William M. Porter, Justin A. Roth 1998
5 30
Wetlands delineation; threatened and endangered species studies; Phase I & II site assessments; mold, lead and asbestos studies; geotechnical engineering; foundations; retaining walls; construction materials testing; Chapters 1 and 17 inspections
Ellinwood & Machado Structural Engineers 7 Radcliffe St., Suite 301 Charleston, SC 29403
843-722-1992 www.emstructural.com bussery@emstructural.com
Bill Ussery 2010
5 10
New construction, rehabilitation of existing construction, historic structures, broadcast tower inspections and analysis
SEPI Engineering & Construction Inc. 176 Croghan Spur Road, Suite 208 Charleston, SC 29407
843-867-4244 www.sepiinc.com anapolitano@sepiinc.com
Sepideh Saidi, Nick Ellis, Ladd S. Gibson 2001
5 8
SEPI is an award-winning, woman-owned firm offering concept to completion services, technical solutions, and inspired design for the built environment
W.K. Dickson & Co. Inc. 162 Seven Farms Drive, Suite 210 Charleston, SC 29492
843-416-5560 www.wkdickson.com info@wkdickson.com
Bill Young 1929
5 8
Planning and engineering for water, wastewater, stormwater, site development, aviation and energy services
Because of space constraints, sometimes only the top-ranked companies are published in the print edition. Although every effort is made to ensure accuracy, errors sometimes occur. Email additions or corrections to research@scbiznews.com.
Area(s) of Specialization
Researched by Business Journal staff
16
www.charlestonbusiness.com
Feb. 7-20, 2022
Company
Phone / Website / Email
Top Local Official(s) / Year Founded
Engineers / Employees
Harris Group Inc. 7301 Rivers Ave., Suite 175 North Charleston, SC 29406
843-203-7014 www.harrisgroup.com info@harrisgroup.copm
Randy Hinton, Bryan Wood 1975
4 6
Multidiscipline engineering firm providing planning, design and construction management as advisor services to aerospace, manufacturing and process industries; projects range from small to in-plant projects
HLA Leinbach Drive, Suite 29A Charleston, SC 29407
843-763-1166 www.hlainc.com achico@hlainc.com
Amy Chico, Ike Boatwright, Barry P. Whalen 1987
4 28
Surveying, land planning, wetland permitting, civil engineering and landscape architecture
Hussey Gay Bell 474 Wando Park Blvd., Suite 201 Mount Pleasant, SC 29464
843-849-7500 www.husseygaybell.com sdmorrell@husseygaybell.com
Alan Townsend, Richard Bailey 1989
4 19
Land planning, civil, site and infrastructure engineering and surveying for commercial, residential, education, government, industrial, transportation and water projects
J. Bragg Consulting inc. 18 Daffodil Farm Way Bluffton, SC 29910
803-513-3777 www.jbraggconsulting.com jbragg@jbraggconsulting.com
Jennifer L. Bragg 2018
4 2
Program management; project management; civil and site design; transportation engineering; public involvement
Kellum Engineering LLC 634 Marina Drive, Suite C Charleston, SC 29492
843-471-1480 www.kellum-engineering.com thomas@kellum-engineering.com
Thomas W. Kellum III, Ryan G. Williams, Jeremy Parent 2020
4 7
Civil, land planning, septic, mechanical, electrical and plumbing design services
Newcomb & Boyd LLP 701 East Bay St., Suite 508 Charleston, SC 29403
843-574-8755 www.newcomb-boyd.com adymek@newcomb-boyd.com
Andrew A. Dymek, Justin L. Ziegler, Bo S. Laraia 1923
4 10
Mechanical, electrical, plumbing, low voltage, commissioning and lighting for aviation, civic and cultural, corporate, education, government, health care, mixed-use, industrial, science and technology
Soil Consultants Inc. 1508 Greenleaf St. Charleston, SC 29405
843-723-4539 www.soilconsultantsinc.com engineers@soilconsultantsinc.com
Marie J. Starich, Brian Johnson, Martha C. Johnson 1951
4 31
Geotechnical, construction materials testing, nondestructive testing, ICC special inspections, contract drilling services
Water Environment Consultants 287 Beech Hill Lane Mount Pleasant, SC 29464
843-375-9022 www.water-ec.com mgoodrich@water-ec.com
John Durkee, Matt Goodrich 2015
4 6
Coastal, environmental and water resources engineering, NPDES permitting, numerical modeling (water quality, hydrodynamics, waves and sediment), environmental impact assessment, regulatory compliance, wetland restoration
Bowman Consulting Group Ltd. 880 Island Park Drive, Suite 400 Charleston, SC 29492
843-501-0333 www.bowman.com webmaster@bowman.com
Richard Waters, DeeDee Schwacke, Botts Smith 1995
3 40
Site and infrastructure solutions for commercial, residential, energy, governmental and institutional markets throughout the country
Constantine Engineering Associates LLC 1350 Ashley River Road, Suite 100 Charleston, SC 29407
843-628-7878 www.constantineengineering.com dbrownlee@constantineengineering.com
Chris J. Constantine 2010
3 10
Fire protection, plumbing, mechanical, electrical engineering design and consulting services
Earthsource Engineering 962 Houston Northcutt Blvd., Suite 200 Mount Pleasant, SC 29464
843-881-0525 www.earthsourceeng.com admin@earthsourceeng.com
Kevin M. Berry, Giles N. Branch 1996
3 10
Commercial, residential and industrial development, landscape design, land planning, surveying
HRP Associates Inc. 1630 Meeting St., Suite 205 Charleston, SC 29405
800-752-3922 www.hrpassociates.com shaun.malin@hrpassociates.com
Shaun C. Malin 1982
3 3
Serve the environmental needs of the regulated community subject to the Resource Conservation Recovery Act (RCRA); multidisciplinary environmental firm, nine offices throughout the U.S.
K.M. Powell Engineering LLC 2225 Ashley Crossing Drive, Suite 202 Charleston, SC 29414
843-763-7864 www.peofsc.com kelsey@peofsc.com
Kelsey M. Powell 2014
3 6
Custom coastal residential, commercial and warehouse buildings, historic rehabilitation and repairs
Summit Engineering, Laboratory & Testing P.C. 1539 Meeting St., Suite A Charleston, SC 29405
843-606-6268 www.summit-companies.com info@summit-companies.com
Ross Deaver 2004
3 12
Geotechnical engineering, materials testing, special inspections, laboratory services, environmental engineering
BRPH Architects Engineers Inc. 229 Huger St., Suite 200 Charleston, SC 29403
843-743-0222 www.brph.com info@brph.com
Stephen Gallagher 1964
2 9
Master planning, architecture, engineering, interior design, tooling infrastructure design, project management, program management
Cypress Engineering 412 N. Gum St., Suite A Summerville, SC 29483
843-225-5151 www.cypresseng.com willr@cypresseng.com
Will Rogan 2013
2 5
Civil, site design, land planning, development
E.M. Seabrook Jr. Inc. 1037 Chuck Dawley Blvd., Suite F200 Mount Pleasant, SC 29464
843-884-4496 www.emseabrook.com engineers@emseabrook.com
Lewis E. Seabrook, E. M. Seabrook III 1956
2 7
Water, wastewater and stormwater systems design, permitting, land surveying
EPIC Engineering Solutions LLC 447 Jessen Lane, Suite A Wando, SC 29492
843-849-6878 www.epicengineering.net aaron@epicengineering.net
Aaron C. Tempel 1997
2 5
Mechanical, electrical, plumbing, fire protection, fire alarm and fuel dispensing
Fine Tuned Structures 197 Fox Squirrel Run Summerville, SC 29483
843-376-4800 https://finetunedstructures.com/ info-sc@finetunedstructures.com
Pavel Pavlov 2011
2 2
Structural design utilizing all major building materials and systems; expertise in designing of podium structures and post-tensioned slabs; experience in designing pile supported structures for high wind and seismic
IPW Construction Group LLC 7623 Dorchester Road North Charleston, SC 29418
843-308-0524 www.ipwcg.com cyrussinor@ipwco.com
Cyrus D. Sinor 2002
2 16
New construction, renovations, design-build, historical renovations, road work, site work, operations, maintenance, electrical, mechanical services, trucking, site surveying and aerial mapping services
Tobias & West LLC 1514 Mathis Ferry Road, Suite 216 Mount Pleasant, SC 29464
843-216-9820 www.tobiaswest.com swest@tobiaswest.com
Eric W. Tobias, Stephen A. West 2003
2 3
Structural engineering for commercial buildings, industrial facilities, residential structures and historic building renovations, structural property condition assessments
Atlantic South LLC 1939 Remount Road North Charleston, SC 29406
843-823-3770 www.atlantic-south.com
Adrian L Williams 2004
1 10
Site design, water and wastewater utility design, construction inspection
C. Baker Engineering LLC 1942 Sam Rittenberg Blvd. Charleston, SC 29407
843-270-3185 www.cbakerengineering.com cameron@cbakerengineering.com
Cameron Baker 2017
1 2
Land planning, civil engineering and regulatory permitting
Curry Engineers LLC 2076 Ashburton Way Mount Pleasant, SC 29466
843-849-9755 www.curryengineers.com curryp@curryengineers.com
Paul A. Curry 2004
1 2
Structural engineering design services
Eugene Brislin Jr. P.E. 606 Old Trolley Road, Suite 202 Summerville, SC 29485
843-821-1678 www.brislineng.com
Gene Brislin 1998
1 2
Structural analysis and design, civil design, seismic evaluation, stress analysis, structural dynamics
Because of space constraints, sometimes only the top-ranked companies are published in the print edition. Although every effort is made to ensure accuracy, errors sometimes occur. Email additions or corrections to research@scbiznews.com.
Area(s) of Specialization
Researched by Business Journal staff
Feb. 7-20, 2022
www.charlestonbusiness.com 17
Company
Phone / Website / Email
Top Local Official(s) / Year Founded
Engineers / Employees
George A.Z. Johnson Jr. Inc. 6171 Savannah Highway Ravenel, SC 29470
843-889-1492 sjohnson@gazj.net
Frederick Steven Johnson Jr. 1974
1 4
Civil and structural engineering, land surveying and floodplain management
Hana Engineers & Consultants LLC 4900 O'Hear Ave., Suite 200 North Charleston, SC 29405
804-621-1250 www.hanaengineers.com info@hanaengineers.com
Christina Jettie 2016
1 3
Environmental and geotechnical engineering, including site assessment and investigation, remediation, design and site characterization; civil works; construction management and other services
Life Cycle Engineering Inc. 4360 Corporate Road North Charleston, SC 29405
843-744-7110 www.lce.com info@lce.com
Bob Fei 1976
1 65
Solutions and services for private industry, public entities, government organizations and the military
Michael Baker International Inc. 3820 Faber Place Drive, Suite 100 North Charleston, SC 29405
843-329-0050 www.mbakerintl.com
1940
1 15
Planning, architecture, engineering, construction management
R-K Engineers & Builders 1941 Savage Road, Suite 500-C Charleston, SC 29407
843-573-2150 www.rkengineers.net raj@rkengineers.net
Rajiv K. Gupta 1995
1 3
Residential, commercial, institutional
Ramey Kemp & Associates Inc. 7301 Rivers Ave., Suite 242 North Charleston, SC 29406
843-614-3800 www.rameykemp.com marketing@rameykemp.com
Michael Dennis 2016
1 1
Transportation planning studies, traffic engineering, bus stop design, sidewalk design, roadway and drainage design, traffic signal design, traffic control and pavement marking plans and environmental studies
Roberts Civil Engineering LLC 4000 Faber Place Drive, Suite 300 North Charleston, SC 29405
843-323-4224 www.robertscivilengineering.com jroberts@robertscivilengineering.com
Johnathan Roberts 2009
1 3
Civil design, program management, municipal consulting, construction services
The Sheridan Corp. 839 Savannah Highway Charleston, SC 29407
843-763-5550 www.sheridancorporation.com sheridancorp@bellsouth.net
John C. Sheridan 1961
1 1
Structural engineering designs of buildings, waterfront and marine structures, bridges
Aquatic Analytics 1180 Drop Off Drive, Suite 101 Summerville, SC 29486
843-471-1933 www.aquaticanalytics.com info@aquaticanalytics.com
Samantha Miller 2013
4
Water testing laboratory
Area(s) of Specialization
Because of space constraints, sometimes only the top-ranked companies are published in the print edition. Although every effort is made to ensure accuracy, errors sometimes occur. Email additions or corrections to research@scbiznews.com.
Researched by Business Journal staff
Nominations Open! bit.ly/crbj22ldlanom
This recognition event honors both individuals and organizations that make diversity, equity and inclusion a strategic priority in policy and practice in Berkeley, Charleston and Dorchester counties. Rising Star | Individual | Ally For the Future Workforce | Noteworthy Network | Big Heart Award Keystone Award | Medium/Large Business | Distinguished Municipality | Lifetime Achievement Presented By:
Sponsored By: For sponsorship information, contact Robert Reilly at rreilly@scbiznews.com or 843.849.3107.
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CHARLESTON UNDER CONSTRUCTION
Feb. 7-20, 2022
125 Pitt St. Mount Pleasant Architect: SMHa, Mount Pleasant General contractor: Moffly Construction, Awendaw Engineer: DWG Engineering, Mount Pleasant (mechanical, electrical, plumbing); Rickborn & Associates, Mount Pleasant (structural) Estimated completion date: 2023 Project description: This project involves rehabilitation and new construction on a historic commercial building, restoring the existing structure and correcting additions while maintaining the historic fabric and aesthetics of Mount Pleasant’s Old Village. The new use will be a sole proprietor interior design firm.
Pelican Bay Home Renovation 26 Pelican Reach, Isle of Palms Developer/owner: Town of Mount Pleasant Architects: TMD Architects, Mount Pleasant General contractor: CK Contracting, Mount Pleasant Engineers: JR Broadway Co., Mount Pleasant (structural) Estimated completion date: June 2022 Project description: This project modernizes a beach home originally built in 1988. By reorganizing the layout, an additional bedroom was added to the home. Liquid applied weatherproofing has recently been applied to help ensure a weathertight structure for years to come.
Seabrook Island Beachside Remodel 3714 Bonita Court, Seabrook Island Developer/owner: Town of Mount Pleasant Architect: TMD Architects, Mount Pleasant General contractor: MR Jackson, North Charleston Engineer: Powell Engineering, Charleston (structural) Estimated completion date: March 2022 Estimated total cost of project: $1.2 Million Project description: This home was completely remodeled down to the stud framing. Originally constructed in 1995, the home was updated to include an elevator, new kitchen, an additional bedroom and renovated bathrooms. New porches and decks were added to take advantage of the oceanside views including a two-level octagonal porch.
Eastport Distribution Center 240 Deming Way, Summerville Developer/owner: Dalfen Industrial, Dallas Architects: LS3P, Charleston General contractor: Evan General Contractors, Charleston Estimated completion date: November 2023 Project description: This project is a 229,840-square-foot, class-A spec building set to deliver fall 2022.
Feb. 7-20, 2022
CHARLESTON UNDER CONSTRUCTION
Azalea Corner 1200 North Main St., Summerville Developer/owner: Eighty-Six LLC, Charleston Architect: Shook Associate Architects, Mount Pleasant General contractor: Atrium Builders, Summerville Engineer: Southern Consulting’s and Engineering, Goose Creek (structural) Estimated completion date: February 2022 Estimated total cost of project: $350,000 Project description: This former single-tenant Sticky Fingers building was renovated with a new storefront, demising walls and patio to allow for three new tenants: Kairos Mediterranean, Agaves Cantina, and Not Your Average Wings. Kairos has opened and the other tenants are currently performing their build-out.
Uptown Parking Garage 5090 International Blvd., North Charleston Developer/owner: SC North Charleston Uptown, LLC; North Charleston, SC Architect(s): Summit Design & Engineering Services, PLLC; Raleigh, NC General contractor: THS Constructors, Inc.; Greenville, SC Engineer(s): Reveer Group LLC, North Charleston (civil); MBA Engineers Inc., Birmingham, Ala. (structural); West Key Consulting Inc., Raleigh, N.C. (mechanical, plumbing); Electrical Design Consultants Inc., Augusta, Ga. (electrical) Estimated completion date: Third quarter 2022 Project description: This project consists of a three-story parking structure to support TopGolf and surrounding development.
www.charlestonbusiness.com 19
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CHARLESTON UNDER CONSTRUCTION
Feb. 7-20, 2022
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Greenwood, SC | Charleston, SC
Solis Nexton 6000 Front St., Summerville Developer/owner: Terwilliger Pappas Charlotte Architect: Group 4, Jacksonville; Cline Design, Charlotte General contractor: Summit Contracting Jacksonville, Fla. Engineer: Seamon Whiteside Associates, Mount Pleasant (civil, landscaping) Estimated completion date: Fall 2022 Project description: This development features one-, two- and three-bedroom apartment homes located in nine three-and four-story buildings. Each apartment will feature spacious floorplans, granite countertops, stainless steel appliances and walk-in closets. The 11-acre community is located within walking distance to Nexton Square and will offer a resort-style pool, dog park, pet spa, entertainment lounge, fitness center and private yoga/spin studio, electric car charging stations and a community pocket park.
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Dominion Energy - SC LNG Plant Renovations 2400 Bushy Park Road, Goose Creek Developer/owner: Dominion Energy South Carolina, Cayce General contractor: SouthCon Building Group LLC, Mount Pleasant Estimated completion date: January 2022 Project description: This project consists of a renovation of two Dominion Energy Bushy Park LNG Plant buildings (the 2,300-square-foot Control Room Building and the 2,500-square-foot Maintenance Office Building), following asbestos abatement and mold remediation. Renovations consist of re-installing and repairing the building finishes, equipment, fixtures and components which were impacted or demolished by the abatement and remediation processes.
Feb. 7-20, 2022
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CHARLESTON UNDER CONSTRUCTION
US 17 Spring/Fishburne Drainage Improvements, Phase 4 Wetwell & Outfall 135 Lockwood Blvd., Charleston Developer/owner: City of Charleston Architect: Davis & Floyd Inc., Charleston General contractor: Conti Enterprises Inc., Edison, N.J. Engineer: Davis & Floyd Inc., Charleston Estimated completion date: August 2022 Estimated total cost of project: $53 million Project description: This project is a major tunnel and pump station program designed to alleviate flooding within the Spring and Fishburne Drainage Basins. In phase 4 of the project, the construction team is building a wetwell for large stormwater pumps and a triple box culvert outfall into the Ashley River. This structure will ultimately house three 66-inch diesel pumps that will be installed in the project’s fifth stage.
Opportunity Center Tenant Upfits 8570 Rivers Ave., North Charleston Developer/owner: Homes of Hope Inc., Greenville Architect(s): McMillan Pazdan Smith, Charleston General contractor: J. Musselman Construction Inc., Charleston Engineer(s): Epic Engineering Inc., Mount Pleasant (mechanical, electrical, fire protection) Estimated completion date: February 2022 Project description: This project consists of the addition of multiple non-profit tenant office upfits inside The Opportunity Center. The new offices are being built with standard architectural features as well as mechanical, electrical and fire protection systems.
BUILDING TRUST AND ADDING VALUE EAST OF THE COOPER UEC ELECTRONICS
ITT
TEXACO
HASELDEN
JW ALUMINUM
TIDES MEDICAL ARTS ST. CLARE OF ASSISI
YEAMANS HALL
TRUMPF COACHES CANTEEN
US NAVAL WEAPONS STATION INFINGER FURNITURE
SANTEE COOPER US ARMY RESERVE MAINTENANCE CENTER SANTEE COOPER US NAVY JEFFERIES RESERVE STATION CENTER SANTEE COOPER CROSS GENERATING STATION
US ARMY CORPS OF ENGINEERS SCE&G BAYER GENERAL DYNAMICS GREEN MEYER JACOBS
CHARLESTON ENT
EAST COOPER BAPTIST CHURCH
THE WATERFRONT
MAERSK
MANKIEWICZ
BEN ARNOLD
CAROLINA EYE CARE SURGICAL CENTER
MERRILL GARDENS - CAROLINA PARK BP/AMOCO
PALMETTO CHRISTIAN ACADEMY COASTAL CARDIOLOGY
DANIEL ISLAND ACADEMY
DANIEL ISLAND MEDICAL CENTER HCA - CORPORATE HCA - PHYSICAL THERAPY UBS
WANDO RIVER MARINA LOWCOUNTRY DOOR & HARDWARE UPFIT
ENVIRONMENTAL SCIENCE SC SPORTS MEDICINE
TRIDENT ACADEMY ARCADIA PUBLISHING MAQUET
FIRST CITIZENS PLAZA
COASTAL THERAPEUTICS
NESS MOTLEY LAW FIRM
BRIDGESIDE AT PATRIOT’S POINT
CHABAD OF CHARLESTON EAST COOPER MONTESSORI SCHOOL NON-SURGICAL SPINE CENTER ANDERSON DENTAL O’QUINN SCHOOL KIDS TEETH
MOBIL
HARBOR NATIONAL
KICKIN CHICKEN
ISLE OF PALMS PUBLIC SAFETY ISLE OF PALMS FIRESTATION II
CHRIST CHURCH
349 COLEMAN BLVD
WELLS FARGO
AMERIS BANK UPFIT
STOCKADE STORAGE
WELLS FARGO PALMETTO DIGESTIVE DISEASE & ENDOSCOPY CENTER
BELK TOWN CENTER
MONTESSORI OF MOUNT PLEASANT
MUSC EAST MOB
NATIONAL EDUCATION & RESEARCH CENTER COOPER RIVER PEDIATRICS EAST COOPER MEDICAL ARTS ROPER HOSPITAL
MOULTRIE SHOPPING CENTER
STUART ENGLAS MOB VET SPECIALTY CARE MOUNT PLEASANT VET CLINIC
ROPER MOB MUSC MEDICAL ARTS CHILDREN’S CENTER OAKDALE HEIGHTS SENIOR LIVING HANGARS CLEANERS
SAINT PETERS MOUNT PLEASANT PUBLIC OPERATIONS TREK BIKES
SEEWEE DENTAL SOUTHEASTERN FERTILITY SPORTS CORNER TIMEOUT SALTERBACK KIDS TEETH
MPW
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CHARLESTON UNDER CONSTRUCTION
Feb. 7-20, 2022
THE SITE EXPERTS
SURVEYING | WETLAND PERMITTING | LAND PLANNING CIVIL ENGINEERING | LANDSCAPE ARCHITECTURE
29A Leinbach Drive | Charleston, SC 29407 (843) 763-1166 | www.hlainc.com
Landscape Architecture CHARLESTON 843.952.7817 WEB REMARKSTUDIOLLC.COM
PHOTOS BY LESLIE MCKELLAR & PATRICK BRICKMAN
Coastal Pediatrics Windmill Station 2015 2nd Ave., Suite 101, Summerville Developer/owner: Coastal Pediatric Associates, North Charleston Architect: SMHa Inc., Mount Pleasant General contractor: J. Musselman Construction Inc., Charleston Engineer: MECA Consulting Engineers, Columbia (mechanical, plumbing); ETI Engineering LLC, White Rock (electrical) Estimated completion date: May 2022 Project description: This project is an upfit of existing shell space for medical use as an expansion of Coastal Pediatric Associates at Windmill Station. New exam rooms, offices, restrooms and other shared spaces are included along with modifications to the existing first-floor practice.
commercial, neighborhood, institutional, residential, and multi-family landscape architectural services
Coastal Pediatrics Charlie Hall 2051 Charlie Hall Blvd., Charleston Developer/owner: Coastal Pediatric Associates, North Charleston Architect: SMHa Inc., Mount Pleasant General contractor: J. Musselman Construction Inc., Charleston Engineer: MECA Consulting Engineers, Columbia (mechanical, plumbing); ETI Engineering LLC, White Rock (electrical) Estimated completion date: May 2022 Project description: This project is an upfit of existing space for medical use as an expansion of Coastal Pediatric Associates on Charlie Hall Boulevard. New reception, exam rooms, offices, restrooms and other shared spaces are included on the first and second floors along with modifications to the existing practice.
Feb. 7-20, 2022
CHARLESTON UNDER CONSTRUCTION
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B u i l d i n g w i t h I nteg r i t y
The Loutrel, Charleston, SC
The Village at Summerville, Memory Care Facility 201 West 9th North St., Summerville Developer/owner: Presbyterian Communities of South Carolina Architect: McMillan Pazdan Smith, Charleston General contractor: Boyer Commercial Construction, Columbia Engineer: Cypress Engineering, Summerville (civil); Fine Tuned Structures, Summerville (structural); GMK Associates, Columbia (fire protection, plumbing, HVAC); McCracken & Lopez, Charlotte, N.C. (electrical) Estimated completion date: January 2022 Project description: This project consists of a 16,500-square-foot memory care facility featuring resident rooms and community areas.
Longevity Fitness Expansion #2 163 Rutledge Ave., Suite 200, Charleston Developer/owner: Longevity Fitness Charleston Inc., Charleston Architect: Robbie Marty Architect LLC, Charleston General contractor: J. Musselman Construction Inc., Charleston Engineer: Technika, Charleston (mechanical, electrical, plumbing) Estimated completion date: May 2022 Project description: This project is a renovation of existing space for a fitness center as an expansion of Longevity Fitness on the 2nd floor. Scope of work includes a complete demolition of the existing office, framing for new reception area, private and group fitness rooms, restrooms and other new spaces.
HISTORIC | INDUSTRIAL | OFFICE | RETAIL | HEALTHCARE | K–12 | UPFIT mas hburn con struction .com
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CHARLESTON UNDER CONSTRUCTION
LifeStance Health 4000 Faber Place Drive, Suite 110, North Charleston Developer/owner: LifeStance Health Inc. Architect: Onyx Creative, Cleveland General contractor: J. Musselman Construction Inc., Charleston Engineer: Blue Streak Consulting, Cleveland (mechanical, electrical) Estimated completion date: February 2022 Project description: This project is an interior upfit of existing space for business use on the first floor of a 4-story building. New offices will be built with partition walls, lay-in ceilings, LED light fixtures, doors with glass, and new paint and flooring. Also included are modifications to mechanical, electrical, and plumbing systems.
Keith Summey North Charleston Library Branch 3503 River Ave., North Charleston Developer/owner: Charleston County Public Library Architect: McMillan Pazdan Smith, Charleston
General contractor: M.B. Kahn Construction Co., Columbia Engineer: ADC Engineering, Hanahan (civil, structural); DWG Inc., Mount Pleasant (mechanical, electrical, plumbing, fire protection); J&A Engineering, Marietta, Ga. (low voltage)
Feb. 7-20, 2022
Charleston Sports Pub 1989 Maybank Highway, Charleston Developer/owner: Town of Mount Pleasant Architect: Goff D’Antonio, Charleston General contractor: Linden Construction, Mount Pleasant Engineer: Barrett, Woodyard & Associates, Norcross, Ga. (mechanical, electrical, plumbing); RK Engineers, Charleston (structural) Estimated completion date: January 2020 Estimated total cost of project: $800,000 Project description: This project is a first-generation upfit of a shell also built by Linden Construction. It is Charleston Sports Pub’s newest location on James Island and includes 4,600 square feet of indoor space, three outdoor seating areas and outdoor bar access from the secondfloor patio.
Estimated completion date: August 2022 Project description: This projects consists of construction at the new 20,000-squarefoot Keith Summey North Charleston Library, replacing the old Cooper River Memorial Library. The library will have a 100-seat auditorium, meetings rooms, a creative studio,
computer stations, specialized children and teen areas and plenty of quiet study and reading space. The project incorporates elements of the old library into the design while featuring large clerestory windows on the building’s north side to fill the interior with natural light.
Feb. 7-20, 2022
CHARLESTON UNDER CONSTRUCTION
Ashley Pines Animal Hospital 2636 Highway 17A South, Summerville Developer/owner: 9990 LLC, Mount Pleasant Architect(s): LFK Architects, Mount Pleasant General contractor: The Cornerstone Co., Mount Pleasant Engineer(s): Earthsource Engineering, Mount Pleasant (civil); Tobias West Structural Engineers, Mount Pleasant; Epic Engineering, Charleston (mechanical, electrical, plumbing) Estimated completion date: Summer 2022 Project description: This project consists of a newly developed site at the entrance to The Ponds community in Summerville with a building that includes 3,000 square feet for the animal hospital and 4,100 square feet of two-story tenant space for medical, dental or office tenants. The building includes fiber cement siding, timber framed awnings and a decorative cupola.
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Cross County Flex Building 7391 Cross County Road, North Charleston Developer/owner: TCC Properties LLC, Mount Pleasant Architect(s): GJS Architecture, North Charleston General contractor: The Cornerstone Company, Mount Pleasant Engineer(s): Cline Engineering Inc., Charleston (civil); Tobias West Structural Engineering, Mount Pleasant; Epic Engineering, Charleston (mechanical, electrical, plumbing) Estimated completion date: Summer 2022 Project description: This project consists of a new development with 10,000 square feet of flex space for one 10,000-square-foot tenant or two 5,000-square-foot tenants. The site includes ample parking and/or laydown areas, while the building includes 24-foot minimum eave heights, three 12-feet-by-14-feet drive-in doors and one 10-feet-by-10-feet dock height door. Leasing was completed by Ferrer Commercial Real Estate Advisors.
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654 St. Andrews Blvd | Charleston, SC 29407 | 843.225.0406 www.jmusselmanconstruction.com OFFICES | MEDICAL | RETAIL | HISTORICAL
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Hot Properties Hightlights of recently sold or leased commercial properties in the Charleston region.
4500 Leeds Ave.
Courtney Kuhn, CCIM, Ryan Young and Alex Irwin of Avison Young - South Carolina Inc. represented the landlord, LRC Leeds Holdings LLC, in the lease of 135,537 square feet of industrial space at 4500 Leeds Ave. in North Charleston to Urban Electric Co. JR Caldwell and Bob Caldwell of Caldwell Commercial Real Estate Services represented the landlord, ElliottJames LLC, in the lease of 1,260 square feet of office space at 359 Wando Place Drive, Suite A, in Mount Pleasant to Superior Windows and Roofing LLC. Jordan Blanton of GCB Real Estate & Investments LLC represented the landlord, Blanton Land Development Corp., in the lease of 1,200 square feet of office space at 3255 Landmark Drive, Suite 103, North Charles-
Feb. 7-20, 2022
CHARLESTON UNDER CONSTRUCTION
ton to BuenaVista Information Systems LLC.
ner, SIOR of Avison Young - South Carolina Inc. represented the landlord, Evans and Evans Land Co. LLC, in the lease of 2,800 square feet of industrial space at 7135 Cross County Road, Unit 3, in North Charleston to GARS Inc..
Jenna Philipp of Palmetto Commercial Properties represented the landlord, James Island Business Park LLC, in the lease of 10,510 square feet of industrial space at 1750 Signal Point Road, Charleston. Mark Erickson, Matt Pickard and Chloe Heiligenstein of Colliers South Carolina represented the landlord, BAE Systems, in the lease of 73,000 square feet of industrial space at 175 McQueen Blvd. in Summerville to Gerber Pelham Realty / Gerber Childrenswear LLC. Patrick Nealon of Colliers South Carolina represented the seller, Mulligan Family LLC, in the sale of 5,870 square feet of office space at 7842 Rivers Ave. in North Charleston to North Rivers Dental Properties for $1,000,000. Robert Pratt of RE/MAX Pro Realty represented the seller, PR Properties of Summerville LLC, in the sale of 1,536 square feet of medical space at 9225 University Blvd., Suite E1D, North Charleston to Trident Medical Center for $350,000. Sammy Cavanagh of Crosland Barnes represented the buyer.
1195 Remount Road
Benjy Cooke of Oswald Cooke & Associates represented the seller, Buck Investments, in the sale of 1.4 acres square feet of retail space at 1195 Remount Road, North Charleston, to Drayton-Parker Companies for $2,550,000. Edward Oswald of Oswald Cooke & Associates represented the seller. Mark Erickson, Matt Pickard and Chloe Heiligenstein of Colliers South Carolina represented the tenant, Easy Stones Inc., in the lease of 58,810 square feet of industrial space at 7450 Industry Drive in North Charleston. Robert Pratt of RE/MAX Pro Realty represented the landlord, Robert L. Pratt LLC, in the lease of 555 square feet of office space at 402 Old Trolley Road, Suite 201, to United Support Services LLC. Todd Garrett, SIOR, CCIM, and Tradd Var-
1200 Two Island Court
Leslie Fellabom, Chris Fraser, CCIM, and Ashley Jackrel, CCIM, of Avison Young - South Carolina Inc. represented the landlord, EFC Iron Bridge LLC, in the lease of 3,238 square feet of office space at 1200 Two Island Court, Suite C, in Mount Pleasant to Lowcountry Contractors LLC. Vitre Stephens and Taylor Sekanovich of Avison Young - South Carolina Inc. represented the landlord, Long Term Holding LLC, in the lease of 1,521 square feet of retail space at 3863 West Ashley Circle in Charleston to Big Dough Daddy LLC. Alex Shields of Bridge Corporate Solutions LLC represented the tenant.
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1440 �E� S���ER �O�LE��RD � MO��� PLE�S���, SC 29464 $37-$50 PSF NNN | 783 SF - 8,798 SF Oyster Park is a 450,000 SF state of the art mixed-use project encompassing luxury multifamily (269 units) atop of 180,000 SF of boutique retail space. Located on the doorsteps of Old Mount Pleasant and Sullivan's Island, Oyster Park is the go to center for retail, restaurants, and physical activity. Easily accessible from Downtown Charleston and the beach communities, Oyster Park is rapidly becoming one of Charleston's premier live, work, and play communities. Retail, Restaurant, and Offices spaces from 783 SF to 32,500 SF available.
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BUSINESS DIGEST | PEOPLE IN THE NEWS | HOT PROPERTIES | PEER TO PEER
People in the News
Business Digest
SeamonWhiteside introduces new Women’s Initiative Steering Committee SeamonWhiteside is introducing the six women leading the firm’s new company-wide Women’s Initiative, which was created this year as a step toward helping women succeed in the male-dominated world of architecture, engineering and construction. The committee includes Lia Contursi, Mary Martinich, Jenny Palmer, Frances Yarbrough, Sarah Hamblin and Abigail Richardson. As a part of the Women’s Initiative, four annual workshops on a variety of topics with guest speakers are planned to help educate and build up women in the company and the industry.
The Refinery opens on Charleston’s upper peninsula
The Refinery, located at 1640 Meeting Street Road, is the newest urban development to open on Charleston’s upper peninsula. The mixed-use destination includes office space, food and beverage, retail, special event venues and an outdoor music amphitheater. Its 17 commercial spaces are anchored by The Whale, an Asheville-based craft beer collective; Sweet Grass Vodka, a Charleston-based vodka distillery; and a restaurant space still available for lease. Current tenants also include Mountain Shore Properties, Green Rock, Hudson Cooper Design, Jane Pope Jewelry, Liollio Architecture, Metal and Petal, Nice Brands, Ohm Radio, The Flyway Cos., The Gaylord and Dorothy Donnelley Foundation, TSWII Capital Advisors and Rebecca Atwood Designs. One office space in the building remains available. The Refinery is a project by The Flyway Cos. and Mountain Shore Properties.
Local cosmetic injector launches business in Mount Pleasant
NAI Charleston assisted Cameron Moskos in the search for medical office
space to house her new business, Cameo Facial Aesthetics. Moskos, who began as a physician’s assistant in 2010, started injectable services in 2014. Her office space Moskos will be at 1065-C Johnnie Dodds Blvd. in the Rivers & Tanner Family Dentistry medical office building. Cameo Facial Aesthetics offers expertise in injectable treatments, as well as medical-grade skincare.
customers in South Carolina and Georgia, can provide additional product lines and better participate in upcoming infrastructure projects.
First Eyemart Express opens in Charleston
Optical retailer Eyemart Express recently opened its first store in North Charleston, and the Charleston market, at The Promenade at Northwoods. Around a dozen new jobs have been created with the opening, ranging from full- and parttime sales associates to lab technicians and opticians. The new store marks the retailer’s ninth location in South Carolina.
Knight’s Cos. acquires Tekna Corp. and Sovereign Steel
Knight’s Cos. has acquired Tekna Corp., a prestressed and precast concrete manufacturer, and Sovereign Steel, a rebar and steel reinforcements fabricator, both located in Charleston. Through this acquisition, Knight’s Cos., which offers septic, ready-mix concrete, precast concrete, trucking and concrete pumping services to commercial and residential
Twentyeight Health launches Spanish language telehealth services for birth control
Twentyeight Health, a telehealth company increasing access to sexual and reproductive care for women from underserved communities, has launched Spanish language services in South Carolina. Services for South Carolina residents include doctor telehealth visits and ongoing care, a Spanish language website with articles and FAQs, and customer phone,
CONSTRUCTION Cullum Mechanical Construction Inc. has hired Teria Robinson to their human resources team. Robinson graduated from Garrett Academy of TechnolRobinson ogy and has 15 years of experience building quality relationships with customers, clients, and team members, most recently serving as an HR Representative with MUSC. She recently completed her certification at Trident Technical College and is preparing to take the test for a Society of Human Resource Management Certified Professional credential. Frampton Construction Company LLC has promoted Matt Small, Eddie DeSimone and Amber Hollenbeck. Small, who joined Frampton Construction in 2019, has been promoted to superintendent. His local project resume includes the Twin Star Home building, IFA’s facility expansion and Curtiss-Wright’s manufacturing facility. DeSimone has been named project manager and will be responsible for managing construction projects from start-up through closeout. He earned his bachelor’s degree in building construction from Auburn University and joined Frampton in 2019. Hollenbeck, who assumed the role of senior project accountant, also joined Frampton in 2019. She holds a bachelor’s degree in accounting and business administration from the College of Charleston. Landmark Construction Co. Inc. has hired Kevin Elmore as an assistant project manager. He is responsible for processing daily reports and logs, managing project recourses, tasks, scheduling, budgets and deliverables. He graduated from The Citadel with a Bachelor of Science in business administration and has 19 years of oversight and project management experience in the construction industry, from franchise chain leasing and retrofitting to $2.9 million heavy civil projects such as the city of North Charleston Road Resurfacing project.
CONSULTING The Harbor Entrepreneur Center has hired Grady Johnson as executive See PEOPLE, Page 27
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Feb. 7-20, 2022
People in the News PEOPLE, from Page 28
director. Prior to joining the staff of the Harbor Entrepreneur Center, Johnson served as group publisher of SC Biz News. He is one of the founding partners Bryant of the Charleston Regional Business Journal and oversaw the creation of the SC Biz News brand and statewide expansion. A lifelong resident of the Charleston region, he has also owned and operatJohnson ed numerous small businesses including Island Images Surf Shop in Mount Pleasant. He is a graduate of Clemson University and is past president of the Alliance of Area Business Publishers, as well as a past board member of the Charleston Regional Development Alliance, SustainSC and the Palmetto Conservation Foundation, the builders of the Palmetto Trail. The Berkeley Chamber of Commerce recently announced their 2022 board of directors. Todd Buddin, president and CEO of First National Buddin Bank of South Carolina, will serve as 2022 chamber president. Joining the 2022 board of directors this year are Derek Harris, senior project manager of land and housing development at Brookfield Properties; Rod Whiting, vice president of public relations and communications at Trident Health; Marc Moore, hot mill manager at Nucor; Pete L. Bailey, president of C.R. Hipp Construction Inc.; Jennifer Myers, southern division operations manager at Dominion Energy South Carolina; and A.J. Geffert, dealer group general manager at Mercedes-Benz Van Center: Baker. They join sitting members Chris Stow, past president and maintenance & engineering manager at Nucor; Patrick Bosse, chief administrative officer at Roper St. Francis Berkeley Hospital; Kent Fonvielle, president of Cooper River Partners LLC; Katya Gill, senior legal counsel at Volvo Car USA LLC; Steve Lattuca, CFO at REV Federal Credit Union; Gary Plyler, regional business development manager at MAU Workforce Solutions; Ron Scherba, site operations manager at Google Data Centers; Denny Thompson, director of external affairs at Home Telecom; Talon M. Wagenknecht, construction manager in community development at Stantec.
Knowledge Capital Group has promoted Chrissie Hamilton to manager and Misty Antonacci to consultant. Hamilton joined KCG in 2018 after earning Hamilton her MBA from the University of Virginia. During her tenure, she has taken part in notable projects, including the redesign of a health system’s clinical delivery construct. In her new Antonacci role, she will be asked to lead KCG’s staff engagement and serve as the principal on large health system strategy engagement. Antonacci graduated magna cum laude from the College of Charleston with a Bachelor of Science in mathematics and has been part of the KCG team since 2019. In her new role, she will take on more client facing work and help lead the firm’s analytics and informatics efforts. Moody & O’Neal CPAs LLC has hired Katie Lucas as a tax associate. She graduated from The Pennsylvania State University with a Bachelor of Science in accounting. She will be responsible for tax preparation and planning services.
INSURANCE The Charleston office of MassMutual SC, a general agency of Massachusetts Mutual Life Insurance Company, has appointed Jimmie Shaw managing Shaw director. Shaw has industry experience as a licensed representative, mentor and trainer. He began his career in finance after completing his bachelor’s degree in business administration and finance at Erie College in Painesville, Ohio, while competing as a member of their Division II baseball program for four years.
LAW Saxton & Stump has hired attorneys Elizabeth “Beth” Palmer and Jacqueline Egan to their Charleston office, practicing under the name Spitz & NevPalmer ille. Palmer serves business, individuals and public sector clients in employment law, commercial litigation, real estate, trusts and estates. She was recently a
partner at Charleston-based law firm Rosen Hagood. An active member of the American Bar Association, she played an instrumental role in creating their BulEgan lyproof initiative for schools. She earned her bachelor’s in political science and government from the University of North Carolina at Chapel Hill and her JD from the University of South Carolina School of Law. Egan has more than a decade of experience in practice, having graduated top of her 2008 class at The Charleston School of Law. She is senior counsel for Saxton & Stump and has written persuasive arguments and conducted legal research for number of law firms in Charleston, including Stevens & Lee. She also holds a bachelor’s degree in Psychology from The College of Charleston. WebsterRogers has promoted LaVonne Rosenberg to partner. Rosenberg joined WebsterRogers in 2016, and now joins the group of 14 Partners that Rosenberg lead the firm. Her areas of expertise include manufacturing, distribution and international tax. She graduated from the University of Wisconsin-Madison with dual bachelor of business administration degrees in accounting and information systems and finance, investment and banking, and currently serves as president of the University of Wisconsin Alumni Association, Charleston Chapter. Copeland, Stair, Kingma & Lovell LLP has hired Caroline R. Niland and Jordan N. Teich as partners in their Charleston office.
NONPROFIT Dorchester Children’s Advocacy Center, Children in Crisis has appointed State Farm agent Tony Pope as chairman of their 2022 board of directors. Pope Pope has been a State Farm Insurance agent in the area since 1990, with offices in Mount Pleasant, North Charleston and Summerville. He will work for further DCAC’s mission to create communities in which children and families live free from abuse and are free to reach their full potential.
The Lowcountry Food Bank has hired Teresa Johnson as director of people and culture. She has 15 years of human resources experience and previously served Johnson as human resource director of REV Federal Credit Union in Summerville. She holds a Bachelor of Science degree in business management from Limehouse College. At LCFB, she will lead and execute all human resource initiatives and play an integral role in the organization’s efforts to create a more equitable, diverse and inclusive workplace. The Sisters of Charity Foundation of South Carolina announced new board members and officers who will help support the organization’s work to reduce poverty through action, advocacy and leadership. President Tom Keith has reappointed board members Sister Judith Ann Karam and Mitch Watson, COO/CFO at Keenan & Suggs Inc.; new board member Tigerron “Tiger” Wells, state government affairs director at Duke Energy Corp. State; new non-board committee member Reverend Tony McDade; and new officers Andy Folsom as chair, Pam Bryant as vice-chair, Gerald Smalls to treasurer and Macon Lovelace as secretary. The Better Business Bureau Serving Central SC and Charleston has elected Marlo Kanipe chair of their board of directors. Kanipe has served on the BBB board of directors since 2016, including as vice chair and secretary. She is the owner of Deserved Comfort House Cleaning in Cayce, which she has owned for over 35 years, and a graduate of the University of South Carolina. After she was diagnosed with a rare form of breast cancer in 2011, she knew she wanted to help other people who were going through treatments. So, she partnered with an international charitable organization, Cleaning for a Reason, and since then, Kanipe’s company has provided free house cleanings to hundreds of families battling cancer. Edgar Alewine, Jim Hudson Automotive Group; Harris Eckstrom, Carolina Business Equipment; Chris Morrison, Terratec Inc.; Karan Sorensen, Sorensen Strategies; Tom Moses, Southeast IP Group LLC; Rick Durkee, Coastal Financial Planning Group LLC; Tommy Miles, Clark’s Termite and Pest Control; Tom Moore, Edgewater Sports Marketing; Gwendolyn Rivers, Caro-Smart Financial Solutions; and Matt Thompson, Splash Ominmedia, make up the rest of the 2022 officers and board of directors. Submit items at our online submission portal: www.CRBJBizWire.com. Publication in print and online is subject to editorial discretion.
Feb. 7-20, 2022
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Even though markets are scary, expect little long-term impact
I
n the past couple of weeks stock prices have fallen 7% with wild volatility and bond yields have risen 0.5%. Layoffs rose in mid-January Air travel has fallen off sharply. Signs of trouble? We do not think so. The economy has hit temporary speed bumps in the form of COVID and bad weather. But COVID is expected to soon begin a sharp decline. And bad weather will eventually give way to spring. A more long lasting effect STEPHEN is the Fed’s shift to a tighter monetary policy SLIFER stance. But even in the worst possible case, real interest rates will remain negative for the foreseeable future. This is not a recipe for any long-lasting slowdown in economic activity. More likely we are seeing a temporary stock market dip that will be followed by a rebound in the months ahead. The S&P has fallen by 7% which is still slightly short of correction mode. But corrections – while scary at the time – are a normal part of stock market behavior. Stock markets often experience a period of euphoria followed by a pullback. Unfortunately, stock market declines can also be a precursor of a recession. Are we are
supposed to worry? No. The meaningful stock declines are caused by the economic fundamentals getting out of whack which induces aggressive tightening by the Federal Reserve. That is not the case this time. Since the COVID-induced recession in 2020, the stock market has often declined by about 5% but it quickly recovered and soon climbed to a new record high level. In our opinion, a correction is long overdue and is probably underway currently, but it should not be particularly troublesome if it. As we see it, the current stock drop was largely triggered by two factors which will almost certainly be temporary. The S&P reached a record high on January 3. The number of COVID cases began to surge in late December. If people got sick or were exposed they could not work. They had to stay home. If their kids got sick they had to stay home. The stock market slide began simultaneously with the beginning of the COVID surge. But COVID seems poised to begin a dramatic rapid decline. In South Africa the Omicron variant began to spread rapidly in late November, reached a peak in mid-December, and by mid-January was back to where it started. The problem came and went in two months. The experience in the U.K. has been similar. If the U.S. follows a similar pattern the
number of cases should begin to shrink in mid-January -- which appears to be happening right on schedule. For the next couple of months we should see a confidence-boosting decline in number of new cases daily. The weather turned bad a few days prior to Christmas. At the same time flight crews caught COVID and called in sick. As a result, airlines canceled thousands of flights during the usually busy holiday season. Then the bad weather worsened again. But bad weather has to be expected at some point in winter. But it will not be long before the weather returns to normal and, when it does, the economy will rebound – air travel in particular. The upcoming shift in Fed policy towards a tighter monetary policy stance will not be temporary. We expect the Fed to hike rates four times in 2022 which would lift the funds rate to 1.0% by yearend, and four additional 0.25% rate hikes in 2023 boosting the funds rate to 2.0%. But a 2.0% funds rate is still low. The Fed believes that its policy is “neutral” when the funds rate is 2.5%. Another way of reaching the same conclusion is by looking at the “real” or inflation-adjusted funds rate. With the funds rate today of 0.0% and CPI inflation of 7.0%, the real funds rate is -7.0%.
By yearend the funds rate might be 1.0% and inflation slightly lower at 5.2% which would make the real funds rate -4.2%. If the Fed believes a neutral funds rate is 2.5% and it has an inflation target of 2.0%, then it must also believe that a neutral real funds rate is +0.5%. The real funds rate is not going to turn positive for another couple of years. Hence, Fed policy will remain at least moderately stimulative for the foreseeable future. The second way the Fed will tighten policy is by shrinking its balance sheet. It needs to reduce its asset holdings to slow the rate of growth in the money supply which will, in turn, reduce inflation. But thus far the Fed has said only that it plans to slow its pace of purchases of securities in the first quarter and eliminate them by the end of March. It has also expressed reluctance to run off security holdings at the same time that it is raising interest rates. That would be a double whammy for the economy. Nevertheless, most economists expect the Fed to announce such a plan by midyear. But the Fed will proceed slowly at first. If that is the case, there will be little shrinkage in the Fed’s portfolio in 2022. Reach former Lehman Brothers economist Stephen Slifter at www.numbernomics.com.
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VIEWS, PERSPECTIVES AND READERS’ LETTERS
Are you giving employees something they care about? By Austin Harley
S
mall businesses are in trouble. In the past two years, we’ve all experienced delays in product delivery, reduced operating hours at a favorite business and store fronts with help wanted signs lining in their windows. If you spend time talking to business owners, you’ll hear about the same thing from all of them: employees are leaving their jobs at alarmingly high rates, and it’s AUSTIN plaguing the business’s HARLEY ability to grow and, in some cases, survive. Small businesses especially have been affected by the pandemic, by the instability of the supply chain and record high inflation, by competition from large retailers offering products and services that a small business simply cannot compete with, and the list goes on and on. But I do not believe that pandemic fallout is the biggest challenge facing employers today. The inability for our small business owners to find, hire and retain quality employees to complete the labor-intensive task of keeping a business running efficiently and effectively is one of the most catastrophic problems they face.
The Great Resignation
According to the U.S Bureau of Labor Statistics, there were 10.6 million job openings on the last business day of November with only 6.3 million Americans being unemployed. If you do the math, it’s not looking good for business owners. Some could argue that business owners could simply pay their employees more to retain employees in this tidal wave of resignations. Others may argue that they need to offer employees flexible work hours, more vacation time or the ability to work from home. These are valid points and can certainly make for a worthy debate. But I challenge you to dig deeper as an owner and ask yourself is this what employees really want? Is this what’s keeping the working-class up at night? I don’t believe you’ll find any of the answers listed above. According to a study done by the American Psychology Association, those with a household income of less than $50,000 report that money is a significant source of stress, while 59% of those mak-
ing above $50,000 say the same. From that statistic alone, one may be able to conclude that Americans need help, but where do they get it? In a recent survey conducted by Fisher Investments, 77% of respondents prefer to work for an employer that offers 401(k) plans over one that doesn’t. In a working paper released by the Rand Corp., researchers found that 73.7% of employees will consult with an advisor about their personal finances if one is made available to them. These statistics prove that employees want help, but they don’t have the confidence nor the time to seek it out on their own. This outcry could be the golden staff used to empower employers looking to hire and retain the best talent in the market.
The 401(k) solution
In today’s competitive business environment, it’s rare to find a company with more than 10 employees not offering some sort of retirement benefit. Does it help set you apart from competitors by offering a match? According to data sources such as the U.S. Bureau of Labor Statistics and Fidelity, for the past decade, the national average 401(k) match has fluctuated between 3% and close to 5%. With that being said employers seem to think that offering a basic retirement benefit is going to give them the edge needed to attract and retain top talent and this is
simply not the case. How do employers set themselves apart? In my opinion, just like in many business models in the modern economy, service is king. Employers will need to get serious and creative when it comes to choosing the right education program to offer to their employees. The financial wellness that your employees are craving isn’t an overworked human resources employee enrolling participants into a cookie cutter, overpriced, underperforming target date fund. Or an advisory firm introducing your employees to their third new “advisor” in the last 12 months who simply introduces themselves via email, ask employees if they have any questions, and they don’t see them again for six more months. How about the 1-800 line that employees are referred to? Not sure about you but to me 30-minute wait times just to talk to a stranger about my finances doesn’t sound ideal. What a way to gain an employee’s trust and show them how much you value their hard work. Just as any person who seeks out financial advice individually, employees deserve an advisor who is going to take the time build a genuine relationship and really get to know the participant, who is going to build out a wholistic financial plan catered towards their individual needs and desires. They need a friendly
face who they know, like and trust to help them make the kind of decisions that are going to affect them and their loved ones for the rest of their life.
The truth
A small business’s ability to grow is almost entirely dependent upon its ability to hire and retain key employees. As Richard Branson, CEO and founder of the Virgin Group, said, “Clients do not come first. Employees come first. If you take care of your employees, they will take care of the clients.” Before you begin to offer your employee’s a host of things you’re not sure they care about, read between the lines and give them something you know they want. Give them the ability to go to sleep at night knowing they have an employer willing to expend the time and resources to offer them financial security, the benefit of a lifetime. Austin Harley is managing director at Roadstead Capital Partners LLC in Charleston.
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