REBusinessOnline

Madison Capital, Chaucer Creek Break Ground on Apartment Community in Charleston

The first units at Sweetgrass at Bees Ferry in Charleston, S.C., are expected to deliver in summer 2019.

CHARLESTON, S.C. — Madison Capital Group and Chaucer Creek Capital, along with their capital advisor Patterson Real Estate Advisory Group, have broken ground on Sweetgrass at Bees Ferry, a 192-unit apartment community in Charleston’s West Ashley submarket. Patterson arranged a construction loan through Dallas-based Bank of Texas on behalf of the developers. The property is located within a master-planned, mixed-use development and is across from a proposed Harris Teeter grocery store. The initial units are expected to deliver in summer 2019.

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