Columbia Regional Business Report - September 28, 2020

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VOLUME 13 NUMBER 13 ■ COLUMBIABUSINESSREPORT.COM

Part of the

network

SEPTEMBER 28 - OCTOBER 11, 2020 ■ $2.25

Cafe comes to Devine Another Broken Egg opens first Columbia location. Page 3

Farm aid

ACRE program offers help to agricultural entrepreneurs. Page 4

Dollar distribution

McMaster recommends help for small businesses. Page 6

The historic Babcock Building, slated for a $40 million renovation into luxury apartments, was damaged by a fire Sept. 12. The structure’s iconic cupola was destroyed, though the developer of the planned apartments said the company’s commitment to the project remains undiminished. (Photo/Jeff Blake/JeffBlakePhoto.com)

Airport art

Four local artists to have work featured at CAE. Page 9

LANDMARK LOSS

Fire damages historic Babcock Building

INSIDE

Upfront................................. 2 SC Biz News Briefs................. 3 In Focus: Commercial Real Estate...... 15 List: Commercial Real Estate Firms ............... 19 At Work............................... 21 Viewpoint............................23

By Melinda Waldrop

D

mwaldrop@scbiznews.com

espite a fire that destroyed its iconic cupola and left Bull Street without its defining view, the Babcock Building will get a planned rebirth, says the developer behind its $40 million renovation. Hugh Shytle, president of Richmond, Va.-

based Clachan Properties, said in a statement that the developer is formulating a plan to move forward after the Sept. 12 fire. “It will take time to know the extent of the damage, but we have a great project team skilled in historic preservation to help us make an assessment,” Shytle said. “Our assumption at this time is that we will be able to go forward because of the rapid response

Cola cool

Columbia voted “Coolest Up-andComing City” by readers of United Airlines’ in-flight magazine. Page 8

of the Columbia Fire Department. ... Clachan Properties undertook the renovation of the Babcock Building knowing its significance to the community. Our commitment is not diminished. Our enthusiasm is solid.” Plans presented to the Columbia City Council Bull Street Commission in October See FIRE, Page 18


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Columbia Regional Business Report - September 28, 2020 by SC Biz News - Issuu