Sunday, October 12, 2008

Virgil's New Project

Charleston restaurateur Virgil Sadorra wants to help people live downtown. Virgil, owns and operates Cilantro's in the old Delish spot on McFarland Street and Delish Express on Washington Street East wants to add another title to his resume: loft developer.
Why is Sadorra's project different? First is the price point, he said. A move-in-ready, 1,000-square-foot, two-bedroom, two-bath loft will start at about $200,000, he said.

His price is based on what people are asking for, he said. He's targeting the young professional crowd, who, in some cases, are already paying $600 to $800 a month for apartment rents, he said.

A $200,000 mortgage wouldn't cost that much more - in the $1,000 to $1,200 range, he said.

"And you own it," he said.
His plans call for movable walls so residents can change the layout if they choose, he said.

There will be on-site parking and other amenities, including a rooftop pavilion and workout room. Also in the plans are a tenant grocery store and room service, he said.

The grocery store will feature carryout pastas and Sadorra's signature sauces once featured at the McFarland Street Delish.

Why do this project now?
Sadorra admits that downtown living isn't for everyone. With a wife and two small children it doesn't make sense for his family anymore.

But the want is there, he said.

He points out that the recent downtown loft walks by the Charleston Area Alliance's Generation Charleston, a young professional's organization, have had 100 attendees.

For now, Sadorra is finishing up details with a contractor and architect. He doesn't have a start date on the project, but he wants it done sooner rather than later.

I wish Virgil all the luck in the world hope he see results soon on this really cool project. I also look forward to seeing what he does with revamping the Vandalia Lounge on Hale Street.


Blogger Mona said...

I love living downtown and I want more people here (and more housing options for those who want to)...and it's not just young professionals who might be interested-there's also emptynesters...

but the jump from 600-800/month to 1000-1200/month actually is kinda a big deal. that could mean like $7000 more a year

mostly, I like the idea of the grocery store=)

7:18 PM  

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