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The Palmetto Compress Apartments

Desk layout, great for presenting a lot of information

Olivia Cox

on 15 April 2014

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Transcript of The Palmetto Compress Apartments

Historical Retention
Matrix Partners preso!
Harvard Business Review
How to lower the cost of enterprise sales?
Rene Birthday
a l
C m p r s
Creating Student Housing from History
The Palmetto Compress Apartments
The Innovista Plan
How does this impact the economy?
To whom it may concern.
I'm interested in renting one of your apartments once the complex is built. Could I get some more information about The Palmetto Compress Apartments?
To whom it may concern,

Columbia, SC
Send Jake info about PCA
Help me!
Palmetto Compress
What is the Innovista?
Who Are We?
Five entrepreneurs and recent graduates from the University of South Carolina
KOMPD Past Success
Home to Large Universities
"The View 2"
"The View"
Established 4 years ago
Country-wide name in housing construction and operation
Located in Gainesville, Florida
Located in College Park, Maryland
The Enclave
Student Apartments by KOMPD Inc.
5 Star Apartments
The Current Palmetto Compress
The Palmetto Compress
Historic cotton warehouse
Last major building in Ward 1
Built in 1923
Warehouse can not be saved, because of its condition
The building is not safe
From the Palmetto Compress
Beautiful 4-story structure with 200 apartments
What Do We Have to Offer?
Apartments with 1,2,3 and 4 bedrooms
Amenities throughout
The future of The Palmetto Compress
Great location
To the
Palmetto Compress Apartments!
Where is it located?
The Palmetto Compress Apartments
A quarter mile walk to campus
Down the street from the USC Baseball Stadium!
Close to the Carolina Coliseum, the new Business School and the Greek Village
Inner courtyard keeps noise from the city and railroads out
Putting Green
Fitness Center
Club House
What is our Time Frame?
The projected time frame is approximately 18-20 months, once approved by the city.
This estimate includes demolition and full reconstruction.
The Palmetto Compress Apartments
Pay Rent!
The Innovation District is the physical campus of Innovista:
500 acres in downtown Columbia
Anchored by the University of South Carolina
Established in 1994, the Innovista plan focuses future University expansion westward toward the Congaree River.

The plan called for a new mixed-use University district with housing.
The Palmetto Compress Apartments fit into the Innovista plan by expanding toward the river, as well as constructing housing.
We aim to keep the history and charm in the city of Columbia by fitting into the Innovista Plan.


National Register of Historic Places- 1985
Historic Landmark
Built in 1923
When building our apartments, we will incorporate remaining artifacts to keep the historical aspect of the building.
The salvaged treated wood will be used for hardwood floors
The palmetto plaque of the building will be displayed in the lobby
Painted Palmetto Compress & Warehouse Co bricks will be kept together and displayed
Brick walkways
Accent walls of brick
The Palmetto Compress Apartments would help the local economy.
Provides jobs in the area
Stores, gas stations & restaurants would have increased foot traffic, increasing sales by $10 million.
Utility companies would have an increase in business.
Economic Rejuvenation
The cost to level the Palmetto Compress and build new apartments would be made back within the first year of operation.
Student housing is critical to USC’s continuous improvement
USC is arguably the lifeblood of Columbia
Centralized housing options allow:
Safer housing for students
Less houses/apartments around Columbia rented by students
Young professionals are vital to Columbia
Retention and attraction of recent college graduates is key
Affordable housing close to downtown is important.
The garage will be monitored by security guards, in a booth, by the garage entrance. They also survey the premises to prevent vehicle break-ins.
Monday-Thursday: 24 Hours
Friday until 5 p.m.
Residents swipe electronic parking passes to enter the garage gate
They also receive two parking spots, marked according to their apartment number
Visitor parks are numbered accordingly, as well but with a visitor distinction.
Railroad Noise
With trains close by, we intend to reduce the noise from trains with sound canceling materials throughout the building.
We have teamed up with contractors to help with this issue
95% of trains pass during the day, but we know not everyone has normal sleeping patterns.
Material similar to recording studio walls will be installed, but the walls still look like sheet rock.
Construction materials = $4 million
Furnish 200 units = $2 million
= $500,000
Fitness equipment & Courtyard furniture
The Palmetto Compress Apartments has a parking garage exclusively for residents and guests.
1 Bedroom, 1 Bath = $800/month
2 Bedrooms, 2 Baths = $1075/month
3 Bedrooms, 2 Baths = $1650/month
4 Bedrooms, 2 Baths = $2180/month
Rent includes all utilities, cable and internet, parking, the fitness center, courtyard use, and other community amenities
Full transcript