News

Holder Properties proposes luxury condos,
retail stores adjacent to USC

Columbia, SC – February 16, 2006 – In partnership with the University of South Carolina Development Foundation, Holder Properties of Atlanta announces plans for a six-story development of luxury condominiums and retail stores in the heart of Columbia and adjacent to the USC campus.

Holder Properties is best known for developing the city’s most prestigious office building in more than a decade, Meridian, located at 1320 Main Street in downtown Columbia.

The $43 million project, called Adesso (Italian for “now”), will transform the corner of Main and Blossom streets where Addams University Bookstore now stands and become the first upscale residential structure adjacent to the University.

“It’s an unmatched location in Columbia, especially for USC faculty, alumni, lawmakers and professionals working downtown,” said CEO John Holder. Adesso’s proximity to the Vista and Five Points puts popular dining and entertainment areas nearby as well.

Adesso will feature 115 one, two and three bedroom units, 6,500 square feet of street-level retail space and a parking deck. The C-shaped building will surround a large courtyard and pool area. The main entrance and lobby will open onto Main Street. Adesso’s exterior will be finished in stone and stucco to complement its university setting.

Amenities will include a swimming pool surrounded by an intricately landscaped garden, a fitness center, a club room for Adesso’s residents and lobby concierge service. Luxury finishes include 10-foot ceilings, crown molding, hardwood floors, granite counter tops and stainless steel appliances. Prices will range from $275,000 to $550,000.

Construction will begin this summer and completion is slated for the summer of 2007.

“Columbians are embracing the return to in-town living on a scale that most, if not all, similar sized southeastern cities can only hope for,” said Holder. “With the revitalization of the downtown district and technology-focused expansion at USC, we believe the momentum is just beginning.”

Nationally, empty nesters and retirees are flocking to university towns for easy access to cultural events, educational opportunities and the energy of a collegiate environment. Adesso is intended to capitalize on this new lifestyle trend.

Atlanta-based Holder Properties will develop, market, sell and manage the project. Holder Properties consistently ranks as one of the top developers in the country and has developed more than 8 million square feet of space valued at over $1.2 billion.

For more information on living at Adesso, contact Clark Gore at (803) 748-7447 or online at
www.adesso-columbia.com.