The Arnold Companies, a Columbia-based commercial development firm, announced plans to build the first new residential tower in the central business district of downtown Columbia, located at the corner of Lady and Assembly streets.
The spot previously housed Moe Levy’s and Howard Sports. It will be converted into 83 urban residences known as The Palms on Lady.
According to the release, The Palms on Lady will be a new sought-after address. “Offering the ultimate in urban living with convenience access to the central business district, the University of South Carolina, the Vista, and the Statehouse. The art deco design of the exterior will serve as an enhancement to Columbia’s modern skyline,” the announcement reads.
Amenities for the new development will include concierge services, covered parking for residents, a fitness center, a Luxor package room, tropical pool, business center, and a luxurious top floor club lounge with a covered balcony. There will be 2,801 sq.-ft. for future restaurant/retail space on the ground floor of the building.
Developer Ben Arnold said he’s excited and proud to bring the new tower to the area. “This project will offer all the modern conveniences of urban living, but when the residents step inside they will feel as if they escaped for a weekend at a regal resort,” he added.
A variety of floor plans will be offered, including studio, one and two bedrooms, ranging in size from 466 to 1,172 sq.-ft. There will be 10 ft. ceilings on the top floor. Each home has contemporary finishes, modern designer flooring and lighting, quartz countertops, and energy efficient appliances.
Construction is scheduled to begin in the second quarter of 2020.