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Started By
Message
re: Residents of Charleston's 2nd tallest building forced to evacuate over structural concerns
Posted on 2/28/25 at 10:12 am to Chucktown_Badger
Posted on 2/28/25 at 10:12 am to Chucktown_Badger
Charleston's coastal soil conditions are poor. That building is probably shifting and settling in ways that would upset the most reasonable person.
Areas of Charleston flood due to tides/heavy rainstorms and hurricanes.
I would not buy any property there.
Areas of Charleston flood due to tides/heavy rainstorms and hurricanes.
I would not buy any property there.
1
Posted on 2/28/25 at 10:12 am to Galactic Inquisitor
quote:
Or you could just let it ride and hope you or your family don't die when it inevitably collapses.
This was a forced evacuation. They have until 5pm today to vacate.
Posted on 2/28/25 at 10:13 am to Chucktown_Badger
They’ve taken over Red Palm which sucks. Hope they miss the playoffs or get bounced early next year so I don’t have to encounter them ever again. Have some buddies that have lived here for 10 plus years and said they’ve never seen it that bad.
Those sharehouse orange crushes
Those sharehouse orange crushes
This post was edited on 2/28/25 at 10:14 am
Posted on 2/28/25 at 10:15 am to fr33manator
quote:
A bit full of ourselves aren't we?
Posted on 2/28/25 at 10:20 am to SantaFe
quote:
I would not buy any property there.
Most people moving there end up way out in places like Summerville, which is hilarious. Its far enough inland to where getting downtown or to the beach is a massive pain in the arse.
Posted on 2/28/25 at 11:03 am to UnluckyTiger
quote:
They’ve taken over Red Palm which sucks.
Red Palm for Georgia games though.
I'd Erik Solis the hell out of a good portion of those coeds.
Posted on 2/28/25 at 11:07 am to Chucktown_Badger
Looking at the Redfin link of available homes in the area, you aren't getting squat for even $600K over there. Tons of dumpy homes selling for $500K+
Posted on 2/28/25 at 11:10 am to tarzana
quote:
LSU's infamous E. Kirby Smith highrise dormitory.
May its memory be a blessing.
Posted on 2/28/25 at 11:11 am to tarzana
quote:You watch your whore mouth. Kirby Smith '86 has eyes on you...
It's only slightly more aesthetically pleasing than LSU's infamous E. Kirby Smith highrise dormitory.
Posted on 2/28/25 at 11:13 am to Chucktown_Badger
quote:
That's what drove a lot of the policy changes requiring these buildings near the coast to undergo the rigorous and expensive inspections.
A condo in Orange Beach got hit with a 140k per unit assessment after that happened.
Posted on 2/28/25 at 11:22 am to idlewatcher
quote:
Looking at the Redfin link of available homes in the area, you aren't getting squat for even $600K over there. Tons of dumpy homes selling for $500K+
Yup. For a decent 1,500 sq foot place on the upper peninsula you're looking at about $1MM+. Almost double that for South of Broad.
This post was edited on 2/28/25 at 11:24 am
Posted on 2/28/25 at 11:24 am to Chucktown_Badger
Wagener Terrace is my jam.
Posted on 2/28/25 at 12:32 pm to Chucktown_Badger
quote:
Red Palm for Georgia games though.
I'd Erik Solis the hell out of a good portion of those coeds.
Are there actually a large number of young attractive female UGA fans in Charleston? Co-ed's imply they are students somewhere, other than UGA which is 4 hours away. I'm confused.
Posted on 2/28/25 at 12:43 pm to deeprig9
quote:
Are there actually a large number of young attractive female UGA fans in Charleston?
Yes.
quote:
Co-ed's imply they are students somewhere, other than UGA which is 4 hours away. I'm confused.
quote:
co·ed
/'ko?ed/
INFORMAL
nounDATED•NORTH AMERICAN
a female student at a co-educational institution.
"three Iowa State coeds"
Posted on 2/28/25 at 12:47 pm to Chucktown_Badger
So they are co-ed's or former co-ed's? UGA fans matriculating at CoC, or at MUSC?
Posted on 2/28/25 at 1:20 pm to deeprig9
I apologize for confusing you. Everyone else in the thread knew exactly what I meant.
Stop being "that guy".
Stop being "that guy".
Posted on 2/28/25 at 7:08 pm to The Mick
I resided there 1971-72. Kirby Smith ... was a house of horrors. We had an elevator fire break out on final exam day in December 1971, and smoke entered the rooms. Everybody had to evacuate at about 1:30 am and lined up in the parking lot until the fire was put out and it was safe to go back inside, which was about 6 am
Posted on 3/1/25 at 7:46 pm to Chucktown_Badger
quote:
Baw, google "Charleston nickname".
I know that the nickname. It's still haughty.
New Orleans is the Hole-y City
Posted on 4/4/25 at 8:05 am to fr33manator
One of the units in this building just went under contract for $350k. Sold for $850k in May 2023. Zestimate had it at ~$993k.
This is obviously an all cash offer since you wouldn't be able to get a mortgage, and either someone is a moron or knows what the payouts would look like if/when this thing gets demolished and they feel like they'd come out ahead or they're using the $350k as a down payment on whatever gets built next. But if they end up repairing I don't know how you could even guess at what the special assessment will be.
LINK
Saw a comment on FB about what the process will likely entail
There are realtors in there saying all disclosures are posted and to contact them if they're interested in buying After this one went under contract a few others popped up at $350k-$400k. LINK
Building currently
Looks like some jail building from a Bateman movie.
This is obviously an all cash offer since you wouldn't be able to get a mortgage, and either someone is a moron or knows what the payouts would look like if/when this thing gets demolished and they feel like they'd come out ahead or they're using the $350k as a down payment on whatever gets built next. But if they end up repairing I don't know how you could even guess at what the special assessment will be.
LINK
Saw a comment on FB about what the process will likely entail
quote:
Typically, the bank will seek foreclosure of the property in most situations.
However, with the entire building getting demolished, it’s tricky. The HOA likely has property insurance, which theoretically could be used to pay out a sum to each owner. Additionally, the owner would get a share of the land sale where the building used to stand. Finally, the HOA may have a separate liability insurance and you may see owners sue their own HOA to get a piece of that as well.
In other words, it’s a mess no matter what. Even if they make some band aid repairs, you’d have to severely discount these units in order to sell. But again, who would be crazy enough to buy something in a building like that and with an HOA straddled with repair debt. The fees would be astronomical.
There are realtors in there saying all disclosures are posted and to contact them if they're interested in buying
After this one went under contract a few others popped up at $350k-$400k. LINK Building currently
Looks like some jail building from a Bateman movie.
This post was edited on 4/4/25 at 8:09 am
Posted on 6/11/25 at 3:38 pm to Chucktown_Badger
Update 6/11:
LINK
I figured it would be expensive, but holy shite.
A number of places in there on the market for $145k to $550k.
quote:
Fixing the structural issues that forced Dockside condominium tower residents to evacuate could cost $151 million, the building's homeowner association now estimates.
quote:
The costly repair bill would be apportioned across all owners. That includes not only the tower's 112 condominiums, but also the surrounding 21 townhomes, which don't have the same structural deficiencies — an argument made in a lawsuit challenging the evacuation order.
Each owner's share of the bill is based on their ownership percentage of the building, which varies condo to condo. A larger apartment might bear more than 1 percent share, meaning that owner would pay more than $1.5 million for the repairs.
quote:
In some cases, the repairs could cost some owner three times what they paid for their home.
quote:
If the former residents decide not to save the harbor front property at 330 Concord Street, just south of Union Pier, they could vote to sell to a developer.
But all owners would have to agree to the sale.
LINK
I figured it would be expensive, but holy shite.
A number of places in there on the market for $145k to $550k.
This post was edited on 6/11/25 at 3:41 pm
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