Mashburn Construction has completed a $25 million residential development in Columbia’s central business district.
Luxury apartment complex 1321 Lofts, located at 1321 Lady St., has 130 units ranging from $950 to $1,250 per month.
“This was truly a team effort and would not have been possible without the countless hours put in by the Mashburn team on site and our sub-contractors and suppliers who jumped through hoops to make this happen,” Mashburn Construction president Lee Mashburn said in a news release.
The Lady Street complex is downtown developer Capitol Places’ sixth joint venture in the Columbia market and eighth with Mashburn, according to the release. Capitol Places has repurposed close to 500,000 square feet of building space and added 50,000 square feet to existing structures in the city’s Main Street area since 1998. That includes more than 375 residential units and around 30 commercial spaces.
“Downtowns are iconic and powerful symbols for our cities,” Jeff Prioreschi, co-founder of Capitol Places, said. “The Main Street district has an important role in economic and social development, and we have been able to help create a critical mass of activities to make Main Street Columbia a 24-hour city. 1321 Lofts will set a new standard for living downtown.”