70 affordable housing units coming to Meeting Street in Charleston

One80 Place has acquired a vacant lot on Meeting Street to turn into affordable housing for homeless individuals and families. 

One80 Placed partnered with The Michaels Organization and Spandrel Development Partners on a financial closing for the property at 573 Meeting St., according to a One80 Place news release, and construction has begun on the family shelter mixed-use project.

The development is the result of a collaborative effort between One80 Place, one of the largest homeless service providers in South Carolina, Michaels, the nation’s largest private-sector owner of affordable housing, and Spandrel, a multi-disciplined real estate development firm, the release stated.

“We believe that our community’s most vulnerable neighbors deserve the best of what Charleston has to offer. Housing built specifically to support people moving out of homelessness is critical to ending homelessness, once and for all,” Stacey Denaux, One80 Place’s CEO, said in the release. “The impact of this project will be profound and long lasting.” 

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The building will be six stories to house roughly 70 formerly homeless people as well as the second floor serving as a new family shelter for 65 women and parents with their children, the release said. The City of Charleston Housing Authority has provided project-based rental assistance for all 70 rental units. 

“We are thrilled to reach this milestone for 573 Meeting Street and we are grateful for the support of the city, the state, and all our partners for their support of this development,” Bruce Morgan, senior vice president of development at The Michaels Organization, said in the release. “This development exemplifies what the public, private, and non-profit sectors can accomplish when working together to create high-quality, service-enhanced affordable housing solutions that enhance communities and lift lives.” 

One80 Place will provide supportive services for all tenants in the rental units and women and families in the Family Shelter, according to the release, with tenants spending no more than 30% of their income on rent.

Choate Construction is the contractor on the project and LS3P is the architect.

One80 Place has served over 2,500 individuals annually in South Carolina since 1984 by offering case management, on-site health care, street outreach and legal services for individuals, families and Veterans, the release said.