FOR IMMEDIATE RELEASE
January 29, 2019
$25 million project celebrates completion in the Main Street District
On Tuesday, January 29th
, Mashburn Construction celebrated the completion of their latest project and
the largest non-student residential development ever built in the central business district of Columbia. The $25 million project, dubbed 1321 Lofts is
a luxury apartment complex with spectacular city views, excellent amenities, and convenient downtown living. The complex is located at 1321 Lady Street
totaling 130 units ranging from $950-$1250 per unit, per month.
Lee Mashburn, President of Mashburn Construction says, “This was truly a team effort and would not have been possible without the countless hours put
in by the Mashburn team on site and our sub-contractors and suppliers who jumped through hoops to make this happen.” Mashburn deployed an extremely aggressive
timeframe after the start of construction for a year end completion.
The special day also celebrates the 20th
anniversary of Capitol Places; a mainstay in downtown living developments in the main street district
since 1998. In 20 years, Capitol Places has repurposed close to half a million square feet of buildings and added an additional 50,000 square feet to existing
buildings. Within these buildings, the group has created over 375 residential units and almost 30 commercial spaces.
“Downtowns are iconic and powerful symbols for our cities. The Main Street District has an important role in the economic and social development and we
have been able to help create a critical mass of activities to make Main Street Columbia a 24-hour city. 1321 Lofts will set a new standard for living
downtown and truly is a unique project," says Jeff Prioreschi, co-founder of Capitol Places.
1321 Lofts represents Capitol Places 6th
joint venture project in the Columbia market and the 8th
one with Mashburn Construction
specifically. “It has been a pleasure working with the Mashburn family and Mashburn Construction bringing new life to many of these buildings,” says Prioreschi.
Mashburn credits the City of Columbia for their assistance saying, “A project like this is not possible without tax credits and other incentives that had
to fall in place. We are grateful for the City’s help throughout this process bringing this project from permit to completion. Mashburn continues to transform
downtown Columbia with revitalization projects coming out of their Upfit division.
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Mashburn Construction is a full-service construction company providing construction management, design-build, preconstruction and general contracting services. For over four decades, the company has exemplified Building with Integrity by providing superior service and quality to clients across many markets. Headquartered in Columbia, Mashburn also has offices in Charleston, Greenville, and Myrtle Beach, SC. For more information, please visit www.MashburnConstruction.com