The_sandlapper

Bull Street Common

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Including interest, the full cost of the public funding at Columbia Commons is projected to be $199M.

 

http://www.thestate.com/2014/05/11/3441178/columbia-residents-bill-for-bull.html?sp=/99/205/&ihp=1

If you read the comments people are just complaining complaining complaining. instead of appreciating something new in the city. I swear nothing can ever come to this city because with change some complaints for that change and more money leaves and go to Charlotte.

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One thing you notice right away about Fluor Field, home of the Greenville Drive, is what it's made of. The bricks that give the field it's look don't just look old, they are old.

Saving pieces of the past is also part of the plan to recast Columbia's Bull Street property. Maybe the most important historical component is the mammoth Babcock building on the southwestern corner of the campus. With origins predating the Civil War, Babcock has been on the National Register of Historic Places since 1981. But finding a new use for it has been a tough problem for Bull Street developer Bob Hughes.The stadium was created with a half million of them, salvaged from mill buildings as the textile industry once so dominant in this region gave way to a more diverse economy.

However, that problem has now been solved.

"We've got the Babcock building under contract to a great hotel developer with extensive experience in renovating older buildings into hotels," said Hughes.

Hughes did not reveal the name of the company.

The building has been vandalized and damaged by weather. Babcock and the rest of the property are supposed to be patrolled by security officers and off limits without permission from the Department of Mental Health, but trespassing is common.

 

http://www.wistv.com/story/25580488/bull-streets-babcock-building-under-contract-with-hotel-developer

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Columbia City Council has taken a final vote on a loan to build a ballpark on the Bull Street site.

The second and final vote was four to one on an ordinance that allows the city to issue Special Obligation Bonds to raise up to $35 million to pay for construction of the multi-use entertainment venue at the Bull Street development.

http://www.wistv.com/story/26031360/council-approves-loan-for-bull-street-ballpark

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Did y'all see that any additional infrastructure work to support additional buildings around the stadium will be in addition to the $35M figure? I'm really wondering what the city's full cost (principal, interest, additional loans) will be.

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Hughes, speaking to the Palmetto Chapter of the Society for Marketing Professional Services, said the design of the ballpark and Columbia Common in general continues to evolve, as interested developers emerge and lay out their requirements to take a stake in the Bull Street redevelopment. Earlier this year, Hughes’ designs for the ballpark showed two high-rise buildings connected to the ballpark. “Those are gone now,” he said.

 

It sounds like the office market is still a little soft in Columbia. Commons might be a tougher sell than downtown because law, accounting, and real estate firms all tend to co-locate in high density downtown areas.

 

Before the end of this year, Hughes said he’ll begin moving dirt to create a 20-acre park, raising a currently buried stream back to the surface.

 

This is great news!

 

http://www.columbiabusinessreport.com/news/52567-hughes-nears-hiring-general-contractor-for-ballpark

Edited by carolinagarnet

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Very impressive response to this project.  I am surprised it has gone so well this quickly. And to think Hughes was the only one interested in this property. 

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The timing seems to be right. I think he is selling this as another Sandhills, albeit in a more dense, underserved area, and at an upswing in the economy. I have a feeling this complex will draw a lot of the stores you see grouped together- TJ Maxx/Marshall's, Bed Bath & Beyond, Starbucks, Home Goods....

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It would be nice to draw a national chain or two that are highly desirable and trendy that are nowhere in the Carolinas, something to coax a few more Charlotte residents down to visit. But above all I hope for a fair share of mom and pop stores.  

Edited by CorgiMatt

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The timing seems to be right. I think he is selling this as another Sandhills, albeit in a more dense, underserved area, and at an upswing in the economy. I have a feeling this complex will draw a lot of the stores you see grouped together- TJ Maxx/Marshall's, Bed Bath & Beyond, Starbucks, Home Goods....

 

I hope he's going for a retail profile less predictable than that of a typical suburban lifestyle center though. I expect to see some of those retailers thrown in, but the mention of retailers completely new to the area is more exciting IMO.

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The renderings of the stadium look pretty decent. I hope the entire site is built out rapidly.

I watched it live on WIS when they announced it. I think they said about a dozen or so businesses if not more are supposed to be breaking ground same time around that area.

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COLUMBIA, SC (WIS) -

 A groundbreaking ceremony is Tuesday for a minor-league ballpark on the Bull Street site of the former South Carolina State Asylum.

Officials from the City of Columbia, Hughes Development, Spirit Communications, and Hardball Capital will officially break ground for the construction.

Spirit Communications of Columbia has purchased the naming rights of the new ballpark, which will be a multi-use public entertainment venue. It will be known as Spirit Communications Park and be home to a minor-league baseball team to be named in the spring.

It is expected to be completed in time for the team to open the 2016 season. The City of Columbia is paying as much as $35 million through Special Obligation Bonds to build the ballpark.

Upstate developer Bob Hughes is converting the site of the former state mental hospital into residential and commercial properties, known as Columbia Common.

The ceremony is at 10 a.m. Tuesday 

 

http://www.wistv.com/story/27769466/groundbreaking-tuesday-for-ballpark-at-bull-street

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