Arnold Realty Co. has completed the purchase of a 1.6 acre parcel needed to construct a proposed 600-bed student housing project at Blossom and Huger streets in Columbia. (Image/Studio Four PLLC)
Published Oct. 19, 2012
Columbia developer Ben Arnold has completed the purchase of the properties needed to construct a proposed 600-bed student housing project at Blossom and Huger streets.
On Friday, CBRE-Columbia announced the sale of the former CMC Construction Services warehouse at 500 Huger St. Keith Moore represented the purchaser, Arnold Realty Co., in the transaction.
“CBRE-Columbia was crucial in identifying the availability of this adjoining property and assisting in the negotiation and purchase of the site,” said Ben Arnold, principal of Arnold Realty Co.
This property was the final piece of the puzzle for the new student housing project near the University of South Carolina. This parcel adds 1.6 acres to the development, bringing the total development site to 4 acres.
“We believe this development will transform the area around Tanner Stadium from traditional industrial use to one better suited to support USC’s burgeoning campus of classrooms, sports facilities and student housing needs,” Moore said.