AP NEWS

Bluegreen Vacations buys timeshare building at 583 King

July 5, 2017

A Florida vacation-rental company now owns its second timeshare property in downtown Charleston.

Bluegreen Vacations Unlimited of Boca Raton, Fla., bought the recently completed four- and five-story building at 583 King St. for $5,889,000, according to the deed filed Monday in Charleston County. Tax records list the property as 0.27 acres.

King 583 Partners of North Myrtle Beach was the developer and seller.

Bluegreen has owned The Lodge Alley Inn, a former hotel at 195 E. Bay St., since 1998.

Bluegreen calls the King Street property King 583. The building has 54 one- and two-bedroom guestrooms and a 32-space parking garage. The rooms are available only to Bluegreen members. Memberships are sold in Charleston at The Lodge Alley Inn.

The first rooms at King 583 opened the middle of June. Bluegreen got nearly 500 reservations within two days of announcing that rooms were available, according to Dale Dobis, the company’s regional vice president of resort operations.

The new timeshare is in a section of upper King that’s quickly turning into an accommodations hotbed.

King 583 is across the street from a Hyatt Place and Hyatt House that opened in late 2015.

Plans for 50 hotel rooms in the former Dixie Furniture store at 529 King St., less than two blocks to the south, got a green light from the city zoning board last month. The plans include retail space on the ground floor.

More than half a dozen buildings on King Street between Spring and Morris streets are being renovated. Several are marked as future restaurants.