A new affordable housing option for seniors is in the future for the St. Andrews submarket after Midlands Housing Alliance purchased Dutch Plaza, a 76,000 square foot building, from D&P Beach Properties LLC.
Crawford Prezioso, a broker associated with South Carolina Necklaces, represented both seller and buyer. Prezioso represents landlords, landlords, users and tenants in the rental and sale of commercial properties around Columbia and Central South Carolina
The alliance also retained LCK, Colliers’ project management partner, to manage the development of the building and outsourced property management to Colliers Property Management Services.
The first phase of the transformation of the property will take place in the two rear buildings. One will be renovated to serve as an adult day care center for medically frail clients who need mental and physical activity. The second building will be renovated to create rental apartments accessible to people with disabilities and adapted to the needs of the elderly.
“The Midlands Housing Alliance had a specific set of zoning and location requirements for its new affordable housing complex, and a property that met those needs was not readily available,” Prezioso said. “With advice from LCK’s project management experts on the long-term value of Dutch Plaza, it has become a natural choice for the Midlands Housing Alliance.”
The main aim of the Midlands Housing Alliance and Transitions, its homeless recovery centre, is to transition people from homelessness to permanent housing.
Contact Christina Lee Knauss at 803-753-4327.