Attainable Housing Plans Unveiled for the BullStreet District
Columbia, S. C.—The new Midtown at BullStreet community, which will feature 90 attainable rental apartment units with accompanying amenities, will soon begin construction in the BullStreet District in downtown Columbia, South Carolina.
Midtown at BullStreet will cover approximately two acres located near the recently dedicated Page Ellington Park, a new 20-acre city park. The development will consist of 18 two-bedroom townhouse units and 72 one-, two- and three-bedroom garden-style units. On-site amenities will include a community room, computer center, exercise room, playground and gazebo.
The developer of Midtown at BullStreet is Connelly Development, LLC of Lexington, S.C. Kevin Connelly, President of Connelly Development, has more than 25 years of experience in developing attainable housing in both North Carolina and South Carolina. He is also President of Connelly Builders, Inc. which will be the general contractor for the development. Parks Player Architecture of Greenville, S.C. is the development architect, and Civil Engineering of Columbia is providing civil engineering and surveying services.
“Our company is honored to be a part of history to provide much-needed attainable workforce housing at one of the nation’s largest downtown redevelopments,” Connelly said. “Our years of experience in providing various types of housing have prepared us to help meet the city’s need for more attainable housing while providing our residents with a quality lifestyle experience. With this community being within 100 yards of Segra Park, our residents will have the opportunity to not only walk to enjoy a game, but they also have the potential to work in the same community where they live.”
Situated just one mile from the S.C. State House, the 181-acre BullStreet District, known as one of the largest urban redevelopment projects on the East Coast, is adjacent to numerous historic downtown neighborhoods and major arteries.
“Attainable housing at the BullStreet District helps the city meet one of our most pressing needs because it helps keep workers in Columbia to benefit our workforce,” said Columbia Mayor Daniel Rickenmann. “Workers are leaving Columbia because the cost of housing is too high. Having attainable housing in one of our most high-profile developments is good for our city and our workforce and addresses a critical need.”
“We have said from day one that for BullStreet to be successful, it must be representative of the entire city of Columbia,” said Robert Hughes, President of Hughes Development Corporation, master developer of the BullStreet District. “The announcement of Midtown at BullStreet brings us one step closer to fulfilling BullStreet’s vision. At this project’s completion, we will have over 1,000 residents living in over 700 units of either attainable housing, market-rate apartments, for-sale townhomes, or senior housing, with plans to develop student housing as well. The variety of housing types is necessary to provide an authentic mixed-use, urban lifestyle experience, and we are excited to work with Kevin Connelly and his team.”
“We know that attainable housing is one of the building blocks of thriving communities and are fortunate to have strong public-private partnerships to help support our state’s efforts,” said Bonita Shropshire, Executive Director of SC Housing. Having services like health care, amenities, transportation hubs, and recreational areas nearby or in walking distance make for quality home and community life. We believe that attainable housing developments like Midtown at BullStreet can also strengthen community connectivity when families have opportunities to share experiences and build supportive relationships that make us neighbors.
Financing for Midtown at BullStreet will be provided in part by federal tax credits as well as state tax credits, both administered by SC Housing, with Raymond James Tax Credit Fund providing equity through the purchase of the federal and state tax credits. Truist Bank will be providing the Construction financing, Centrant Community Capital will be providing the Permanent financing while the City of Columbia will be providing loan funds along with a Property Tax incentive for the first ten (10) years. The South Carolina Department of Mental Health is also providing funding to support the development.
The scheduled completion date is fall of 2023.