As a principal from Weddle Real Estate Investments, Andrew played a key role in this project which laid the groundwork for Columbia’s Main Street revitalization. The property, once a vacant Belk department store, was redeveloped through a public private partnership with the City of Columbia. Now a core part of Columbia’s Main Street district, its primary tenants are TD Bank (formerly Columbia First Bank) and the Adams Reese LP law firm.

Serving as a consultant to the developer, Foster Saad, Weddle helped evaluate the feasibility of the development, re-engineer the plans to improve the project’s economics, and negotiate leases for inaugural tenants. He also helped raise investor equity and secured senior and mezzanine debt to capitalize the development.

Andrew developed this 100,000 square foot data center through a joint venture with his partner at DDI, Charles Small. The property was constructed on time and on budget and was ready for occupancy in less than 12 months.

Weddle negotiated a lucrative, absolute net lease to help source construction financing. The site was secured using a complex 50-year ground lease and upon completion, the building was sold to the tenant, TD Bank.

Designed to house the operations and central computer systems of Carolina First (now TD Bank), the single-story facility is of tilt-up construction and can withstand hurricane force winds. It features dual power feeds from separate power grids, triple redundancy on telecommunication lines, raised flooring, and a high security monitoring system.

This adaptive re-use project retained the historic, red-brick facades of these century old textile mills in downtown Columbia, S.C. Completed in 2005, Granby Mill is home to 146 luxury apartments. Olympia Mill, completed in 2006, houses another 200 luxury rental units. Both properties cater primarily to students of the University of South Carolina.

Andrew and Jim acquired the mills with the intent of redeveloping them for residential use, initiated and oversaw predevelopment activities, and obtained the requisite entitlements for construction. The Weddle Real Estate Investments team successfully re-routed 600 quarry trucks that roared in front of the Mills every day. Shine and Weddle worked with the Governor’s office to create a fee-in-lieu solution to fund an alternate road within Vulcan Materials property and out of the Olympia neighborhood.

With help of his longtime friend and former professor, Dr. Peter Linneman, Andrew sold the Mills to principals of PMC, a pioneer in redevelopment projects across the United States. PMC’s leaders shared Jim and Andrew’s vision and saw the Mill project as a catalyst for transforming a long-neglected industrial area into a thriving residential neighborhood.

As a partner in the Progress Student Living joint venture, Weddle Real Estate Investment’s Andrew Weddle helped develop Progress 910, a 168-unit student-housing community near the University of North Carolina Wilmington. He played a lead role in acquiring the site, structuring a complex 70-year ground lease, securing entitlements, and ensuring construction was completed on time and on budget. He also, worked with local government agencies and community leaders to build support for the project.

Progress 910 consists of three four-story residential buildings located on a 16-acre site near the main entrance to the UNCW campus. It is the first off-campus student-housing community in Wilmington with four-bedroom apartment suites. Property amenities include an outdoor, resort-style pool with poolside cabanas; a 24-hour, state-of-the-art fitness center; an activity room with a fireplace, lounge areas, and billiards and ping-pong tables; and a secluded cybercafé and study lounge.

On January 8, 2019, Andrew Weddle and Jim Shine delivered the final iteration of a fully entitled student housing site called Kerr Station Lofts. Sited on 9.29 acres, Kerr Station Lofts is conditionally zoned to house 5,000 square feet of commercial space, 120 multifamily dwelling units, and 31 townhomes. The site is minutes away from the campus of the University of North Carolina Wilmington and features a total of 495 beds.

Weddle Real Estate Investment’s unique mix of three and four story buildings surrounded by 2-story townhomes provides residents with a variety of floor plans while increasing tenant retention and long-term occupancy.

Weddle and Shine successfully navigated many development challenges including assembling 6 separate parcels, de-tenanting a 60,000sf shopping center, managing nearby environmental contamination, developing a new city road connection for more efficient egress/ingress, and fully rezoning the property to allow for height and density increases.

Weddle Real Estate Investments tapped CA Ventures as its development partner. Construction begins in March 2019.