Cigar Factory Construction at a Halt
Tuesday, December 29, 2009 at 1:37AM I have previously written about The Cigar Factory, a brick behemoth that is located at the top of East BHay St near the Ravenel Bridge. The plans were for this 125 year old building include 66 "luxury" (of course!) condos, shops, and a very upscale restaurant by one of my favorite chefs in Charleston. The prices are from $380,000 to $1.6 million. I hear that a fourth of them have been sold.
It seems that the financing for this Atlanta developer has hit the skids. The bank that was to lend them the money was seized by the FDIC. Oops. The developers are looking for financing and apparently are not in arrears themselves. Let's hope that they can come up with some magic to finish this very ambitious project. I'll watch the action and future pricing and keep you posted.
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Reader Comments (2)
Cigars have always been a weakness of mine.I used to smoke quite heavily some years back and,and decided back then i had,had enough. My clothes were stinky, including my house. i was embarrassed to bring company over. After reading on"kiwi drug" I took a leap of faith and tried the nicorette inhaler . I look back now and i am glad i took the decision to stop smoking.It was hard,but through sheer will power and determination i stopped.Anybody can and i hope you succeed too!
maybe it's because both cigars and music are contemplative pleasures. A casual smoker can get a quick tobacco-fix from a cheap cigarette, just as a casual music listener can enjoy the background hum of pop songs on the car radio.