by Marlena DeFalco
Quarterra Multifamily (QMF), a subsidiary of Lennar Corporation and a vertically integrated multifamily apartment builder, developer, and asset manager along with investment partner Cresset Real Estate Partners, today announced it has topped off Cormac, a mixed-use apartment community on Charleston’s upper peninsula, in the rapidly growing North Morrison “NoMo” neighborhood. Cormac represents the first joint venture between QMF and Cresset Real Estate Partners and was capitalized in their Cresset Diversified Qualified Opportunity Zone (QOZ) Fund I.
Cormac – featuring 303 apartment homes and 13,068 square feet of retail space, as well as a pair of public ground level courtyards – will bring an unprecedented level of modern living to the burgeoning NoMo district. The midrise community’s unique and enviable location puts residents within easy reach of employment centers, dining options, as well as entertainment and sporting venues, and provides prime access to Downtown Charleston, Mt. Pleasant, Park Circle in North Charleston, and West Ashley.
“We are pleased to participate in the exciting transformation taking place in Charleston’s Upper Peninsula district,” said Jeff Harris, Division President, Carolinas. “Cormac will provide thoughtfully designed homes with first class finishes and state of the art amenities. The ground floor retail will bring attractive retail and dining offerings right to our residents’ doorstep in addition to the existing retail offerings within the neighborhood.”
Situated at 1310 Meeting Street Road, Cormac is central to regional employment, shopping, dining and entertainment options. The retail shops at King Street, East Bay Street, Historic Charleston City Market, West Edge and Mt. Pleasant Town Center are all a short drive away. Local hot spots such as Butcher & Bee, Edmund’s Oast Brewing Company, Home Team BBQ, Revelry Brewing and Brewlab Charleston are just blocks away. Cormac residents will also find themselves in close proximity to several entertainment venues, including Charleston Gaillard Center, Festival Hall, Music Farm, Credit One Stadium, North Charleston Coliseum, TD Arena and Joseph Riley Baseball Park.
Cormac’s location on Meeting Street Road (U.S. Highway 52), is less than a quarter mile from Interstate 26, and approximately 1 mile from Ravenel Bridge – which leads to Mt. Pleasant – creating exceptional connectivity to employment centers in Downtown, Mt. Pleasant, and North Charleston. Residents will have access to a controlled-access three-story above-grade parking facility, as well as on-street parking and 19 electric vehicle charging stations.
Cormac will feature studio, one- and two-bedroom apartment homes, highlighted by Nest smart thermostats, keyless entries, and stainless-steel Whirlpool appliances. Custom cabinetry, quartz or granite countertops, hardwood-inspired flooring and pendant lighting will be featured in two distinct design schemes. Homes will also be equipped with tile backsplashes in kitchens, oversized tubs or walk-in showers with full tile surrounds and under-cabinet lighting. Select homes will feature kitchen islands and all homes, with the exception of studios, will include walk-in bedroom closets.
Residents will also enjoy a full amenity lineup which includes an eighth-floor rooftop terrace complete with butler kitchen and spectacular views of Downtown Charleston and the Ravenel Bridge. The fourth-floor features three elevated courtyards – one of which is highlighted by a resort-style pool and clubhouse. The clubhouse will be home to multiple coworking spaces. A state-of-the-art fitness center with a flex fitness/yoga studio, a bike storage room, package lockers, rentable storage spaces and a podcast studio will all be at residents’ disposal, as well.
Leasing at Cormac is set to begin Fall 2022.