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Kalikow sells apartment communities for $45M | Real Estate Weekly


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The Kalikow Group, a fourth-generation, New York development and management firm based in Westbury, NY, has sold two of its residential multifamily properties located in Charleston, South Carolina for a total of more than $45 million, to Southwood Realty of Gastonia, NC.
Tai Cohen from Cushman & Wakefield brokered the sale of the properties. 
Wescott Apartments, a 182-unit multi-family community on 28.34 acres in North Charleston, SC, sold for $32.2 million. The development was a new construction build completed by Kalikow in 2018, with equity partners KEP Wescott, LLP, BCP Wescott, LLC, Pipe Dream Investments, LLC, and development partner EYC Wescott, LLC. The development features one-, two- and three-bedroom residences and amenities including a clubhouse with fitness center and pool, detached garages and storage for residents.  ....

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Developer eyes Shelby for 312-unit apartment complex


A gated apartment complex moved a step closer to reality for Shelby lasthis week. 
Southwood Realty of Gastonia addressed Shelby City County during a meeting Monday to discuss its plans for Palisades of Shelby – a 312-unit apartment complex to be located on 32 acres of land along South Dekalb Street between Shelby High and Shelby Middle schools. 
William Ratchford with Southwood asked City Council to grant his company a special use permit to build the apartments. 
Without the permit, companies are not permitted to build complexes with more than 25 units in that area. 
Council approved the request unanimously. 
Here are eight things to know about the Palisades of Shelby:  ....

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