Ascent at Grande Place: A Mixed-Income Community in Downtown Charleston

What Ascent at Grande Place offers

Ascent at Grande Place is a mixed-income residential community in downtown Charleston that combines market-rate and affordable apartments in a single building. Located at 701 East Bay Street, the development sits near the Historic District and offers both one- and two-bedroom floor plans. The building includes on-site amenities like a fitness center, community room, and rooftop terrace, along with parking options for residents.

The property was developed to serve households across different income levels, meaning some units rent at market rates while others are reserved for residents earning below the area median income. This approach allows people with varying financial situations to live in the same neighborhood without separation by building or block. The mixed-income model is part of Charleston's broader effort to maintain economic diversity in neighborhoods that have experienced rapid gentrification.

Key Takeaways

• Ascent at Grande Place offers both market-rate and income-restricted apartments in downtown Charleston, with one- and two-bedroom options available.
• The building includes a fitness center, community room, and rooftop terrace as standard amenities for all residents.
• Income-restricted units are reserved for households earning below the area median income, with rent set accordingly.
• The property is located on East Bay Street near the Historic District, with parking available on-site.
• Residents have access to downtown Charleston's restaurants, cultural venues, and waterfront attractions within walking distance.

Income-restricted units and rent structure

A portion of Ascent at Grande Place's apartments are designated as income-restricted, meaning they are rented to households whose earnings fall below a certain threshold set by the U.S. Department of Housing and Urban Development. The income limits vary based on household size and are recalculated annually. Rent for these units is typically set at 60 percent of area median income, making them more affordable than market-rate apartments in the same building.

To learn whether you may be within the income range for restricted units, you can contact the property management office directly or reach out to Charleston's Department of Housing and Community Development. They can provide current income limits and explain how household size factors into the calculation. The property management team can also discuss what documentation you may need to provide to verify income.

Floor plans and unit types

Ascent at Grande Place offers one-bedroom and two-bedroom apartments. One-bedroom units are designed for individuals or couples, while two-bedroom layouts accommodate families or roommate situations. Each unit includes modern finishes, climate control, and in-unit laundry or laundry connections depending on the floor plan.

The building's layout takes advantage of its downtown location, with many units offering views of the surrounding neighborhood. Windows and natural light vary by floor and unit orientation. You can request a tour of available floor plans through the property management office to see the specific layout and features of units that interest you.

Amenities and building features

All residents at Ascent at Grande Place have access to a fitness center equipped with cardio and strength-training equipment. The community room serves as a gathering space for residents and can be reserved for small events or meetings. A rooftop terrace provides outdoor space with views of downtown Charleston and the surrounding area.

Parking is available on-site, with options for covered and uncovered spaces. The building also includes bike storage for residents who use bicycles for transportation. Package receiving and mail services are handled at the main office, and the property maintains 24-hour security access to the building.

Location and neighborhood access

Ascent at Grande Place sits on East Bay Street in downtown Charleston, placing residents within walking distance of the Historic District, waterfront parks, and the Charleston City Market. The location offers easy access to restaurants, galleries, shops, and cultural institutions that define downtown Charleston's character. The nearby Waterfront Park provides green space and views of Charleston Harbor.

Public transportation options include CARTA bus routes that serve downtown and connect to other parts of the city. The building's central location means many residents can walk or bike to work, shopping, and entertainment. The proximity to downtown also means noise and activity levels are higher than in residential neighborhoods further from the city center.

How to learn more and next steps

To inquire about current availability, floor plans, or income-restricted units at Ascent at Grande Place, contact the property management office at 701 East Bay Street or through the building's main phone line. The leasing office can provide information about move-in costs, lease terms, and the documentation needed for income verification if you are interested in income-restricted units.

You can also reach out to Charleston's Department of Housing and Community Development for information about affordable housing programs and resources in the city. They maintain lists of mixed-income and affordable properties and can answer questions about income limits and how the mixed-income model works in Charleston.

Frequently Asked Questions

How do I know if my income qualifies for a restricted unit?

Contact the property management office with your household size, and they can tell you the current income limit for that size household. Income limits are set annually by HUD and vary based on the number of people in your home. You will need to provide recent pay stubs, tax returns, or other income documentation to verify your earnings.

Can I tour the building before deciding?

Yes. The leasing office offers tours of available units and common areas. You can schedule a tour by calling the property or visiting in person during office hours. Tours let you see the floor plan, finishes, and amenities before making a decision.

What is included in the rent?

Rent typically covers your apartment, access to all building amenities, trash removal, and water. Utilities like electricity and gas are usually the resident's responsibility, though some leases may include certain utilities. Ask the leasing office for a full breakdown of what is included in the rent and what you will pay separately.

Is parking included in the rent?

Parking is available on-site but may be an additional cost depending on your lease. Some leases include one parking space, while additional spaces or covered parking may have an extra fee. Confirm parking costs and options when you discuss your lease terms with the leasing office.

What neighborhoods is Ascent at Grande Place near?

The building is located in downtown Charleston near the Historic District, the Waterfront, and the Market area. These neighborhoods are known for restaurants, galleries, shops, and cultural attractions. The location is walkable to many downtown destinations but also means higher urban density and activity than quieter residential areas.