Wednesday, February 27, 2013
East West Partners has announced the upcoming release of the Tides Condominiums, bringing the remaining residences of one of Charleston’s premier properties back to the market. After entering into a partnership to acquire the unsold residences, East West Partners has worked closely with the Tides Homeowners Association to help stabilize the development, and make several enhancements to the property.
Recently approved by the Homeowners Association, East West Partners has just started construction on several enhancements to the property, including a re-designed entrance, water fountain, improved landscaping throughout and significant improvements to the Harbor House Amenity Center. Residences will be priced competitive to the current market in the Charleston area and an average of 35 percent below previous list prices.
Located on the Charleston harbor, at the base of the Cooper River Bridge and adjacent to the new Mount Pleasant Waterfront Park, the Tides offers quick access to downtown Charleston, the shops of Mount Pleasant and the beaches of Isle of Palms and Sullivan’s Island. The Tides residences are known for their unbeatable views, open floor plans and luxurious amenities. Constructed in 2008, 60 percent of the residences were sold prior to the real estate downturn. The remaining unsold residences have not been marketed for several years. The new partnership took title to the property through foreclosure late last year.