Arnold Companies announces plans to build residential tower at the corner of Assembly and Lady Streets
September 13, 2019
The Arnold Companies, a Columbia-based commercial development firm, announced plans to build the first new residential tower in the central business district located at the corner of Lady and Assembly Streets in downtown Columbia. This block, which previously housed Moe Levy’s and Howards Sports, will be converted into 83 urban residences known as The Palms on Lady.
The Palms on Lady will be Columbia’s newest sought-after address, offering the ultimate in urban living with convenient 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 Palms on Lady will boast first class amenities including concierge services, covered parking for residents, a state-of-the-art fitness center, a Luxor package room, tropical pool, business center, and a luxurious top floor club lounge with a covered balcony. In addition, there will be 2,801 square feet for future restaurant/retail space on the ground floor of the building.
The Palms developer, Ben Arnold says, “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. I am excited and proud to bring this type of project to downtown.”
The Palms on Lady offers a variety of floor plans with studio, one and two bedrooms, ranging in size from 466 to 1,172 square feet, with 10’ ceilings on the top floor. Each home has contemporary finishes, modern designer flooring and lighting, quartz countertops and energy efficient appliances. The building boasts wide corridors and elevator access to all floors with designer décor in all common areas. Construction is scheduled to begin in the second quarter of 2020.
The Palms on Lady is an Arnold Companies signature development. MB Kahn is the construction company working in conjunction with Arnold Companies, as the developer and Cline Design Associates as the architect and design company.
About Arnold Companies
Arnold Companies is one of the most diverse owners and developers of commercial and multi-family properties in the Southeast. The organization designs and builds properties that vary from traditional commercial real estate to mixed-use entertainment complexes, to neo-traditional town centers, multi-family housing and marinas. For more information, contact Kimberly Klosterman, Arnold Companies’ Director of Marketing, at (803) 731-4321.
