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Developer converting Columbia hotels into affordable workforce apartments

Summary by Ground News
Sage Investment Group purchased the former Magnuson Hotel near Columbia Place Mall. It expects to close the deal shortly on the former Regency Inn in the St. Andrews area. South Carolina is the eighth state where Sage has converted hotels to apartments. Because the units are smaller, studio-style spaces, the developers concentrate on communal spaces.

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The Post and CourierThe Post and Courier
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Developer converting Columbia hotels into affordable workforce apartments

Washington-based Sage Investment Group is redeveloping a pair of shuttered Columbia hotels into apartment complexes aimed at young professionals and those in need of an affordable place to live.

·Charleston, United States
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The Post and Courier broke the news in Charleston, United States on Monday, October 9, 2023.
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Columbia, South Carolina

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