Water-logged Flats at Mixson apartments in N. Charleston sold, to be restored
A water-logged apartment complex in North Charleston has been sold and will be repaired and restored.
Charlotte-based Grubb Properties purchased the 268-unit site near Park Circle Nov. 1 from real estate giant Jamestown Properties of Atlanta for an undisclosed sum.
Jamestown will continue to own the rest of the development and oversee development of single-family homes in the Mixson community.
The new owner plans to fully repair and restore the buildings, which were ordered vacated in May after it was determined that water intrusion caused structural defects in the three-year-old complex.
No date has been set for completion or move in, according to Grubb spokeswoman Emily Ethridge.
Grubb Properties says it “has extensive experience with rehabilitating properties and is completely committed to ensuring the property is safe and secure before allowing residents to move in.”
Grubb says it will use a team-based approach to ensure the property is restored correctly.
“That plan includes professional oversight of the construction repair process, partnering with local engineers and working closely with North Charleston city officials to restore the community,” the company said in a statement.
As part of a confidential settlement with Jamestown, Samet Corporation of Greensboro, N.C., will team up with Grubb Properties on the project.
“Great communities are forged over time through opportunity and adversity, and we see this settlement as a key step in the restoration of the Flats and reactivation of this part of Mixson and the thriving North Charleston Community,” said Michael Phillips, president of Jamestown.
The apartment community had been plagued by construction defects since it opened.
The property owner, a Jamestown affiliate called The Flats at Mixson LP, filed a negligence and breach-of-contract lawsuit in August 2015 against several contractors it had hired.
The company said it filed the suit in an effort to bring resolution to ongoing issues and assign responsibility for damage.
The lawsuit noted cracking in the stucco exteriors a few months after construction was mostly completed. The builder then determined that all of the outside surfaces would need to be completely replaced.
Ethridge said the lawsuit filed by Jamestown against Samet has been settled.