Average size is 700 square feet for a one bedroom, 950 for a two, and 1,350 for a three. The one- and three- bedroom units come in five different floor plans, and the two-bedrooms in seven. Rents start at $1,015 for a one-bedroom, depending on location, $1,500 for a two-bedroom and $1,950 for a three bed-room. When completed, the renovated building will have 56 one-bedroom units, 103 two-bedrooms, and 38 three-bedrooms. Historic tax credits make the project viable, Garvin said.
The Palmetto Compress name will remain stenciled on the building’s brick exterior.Ĭaplan paid $6 million for the building and is putting another $30 million into the project. of Greenville is the general contractor for the project. building into a striking residential and retail complex. Together the two firms have turned the Palmetto Compress and Warehouse Co. Since starting his firm 14 years ago, Garvin also has worked with Caplan on projects in Massachusetts and Connecticut.Ĭaplan isn’t afraid of big projects and he has the money to make them happen, Garvin said. It can’t be done.’ ”īut Caplan and Garvin, who has functioned as the project manager, had worked together to convert Columbia’s Olympia and Granby textile mills, another massive project that encompasses 1 million square feet, into residential and recreational space. “Other developers said this project couldn’t be done, which is the best takeaway for us,” Garvin said. What others developers wouldn’t take on will have been accomplished in less than two years by Philadelphia developer Ron Caplan’s PMC Property Group and local architect Scott Garvin, head of Columbia-based Garvin Design Group. What couldn’t be done was the conversion of the historic cotton warehouse, a massive four-story, 320,000-square-foot building sitting on half a city block at Devine and Pulaski streets, into 197 apartments. When residents start moving into The Apartments at Palmetto Compress this August, it will be the culmination of a project that most local developers said couldn’t be done.
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