"The former industrial building known as The Cigar Factory at 701 East Bay St. downtown has opened a sales and information center as the building’s new owner moves forward with plans to convert the property into a mix of high-end condominiums, offices and retail space.
'As the largest historic building on the Charleston peninsula, Cigar Factory is a major part of the ongoing revitalization of the Charleston East side,' said Boyd Simpson, president of The Simpson Organization, the Atlanta-based real estate company that owns the property. The Simpson Organization purchased the former cigar factory in summer 2007 for $22 million and plans to create 37,000 square feet of retail space along with 26,000 square feet of condominiums priced from $349,000 to $1.5 million.
Tenants are expected to begin moving in summer 2009.
The Cigar Factory was built as an industrial plant in 1881 and is listed on the National Register of Historic Places. It has been used as a cotton mill, a cigar factory and office space.
Condominiums at The Cigar Factory will include the original brick walls and 15-foot ceilings.
Owners will have concierge service, covered parking, a swimming pool and fitness center, a pet park, a club with individual wine storage, a private garden and a rooftop deck with views of Charleston harbor.
Retail and office spaces will be designed to accommodate dining, a gourmet-style grocery store, galleries and boutiques. Offices will have parking."
For the full Charleston Regional Business Journal article: http://charlestonbusiness.com/current/14_2/briefs/11214-1.html
For the Cigar Factory, Charleston website: http://cigarfactorycharleston.com/
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