Vortex is a transformative mixed-use development project located at 45 Romney Street in Charleston, South Carolina and led by strong sponsorship.
Vortex will employ best practices in development, placemaking, and resilience to deliver a destination that serves locals and visitors alike. With a 135-key art hotel, a locally-focused market hall, and 80,520 square feet of Class A creative office surrounding a vibrant courtyard and sculpture garden, Vortex will create an incomparable place to visit, work, and play.
Yellowbrick Urban, the project sponsor, and capital partner Wizard of OZ Fund propose a joint venture with the current landowner to responsibly redevelop the property in a manner sensitive to its current and future context.
Vortex has been crafted with a close adherence to the realities of the site and market. Intensive study of the constraints and opportunities impacting the site have informed the program, design, and competitive positioning of the project.
Vortex will generate lucrative returns for each of its partners, with a 22.3% levered internal rate of return and 2.75x equity multiple over the ten-year horizon of the project based on rigorous financial analysis and conservative underwriting.
Vortex aligns the investment goals of its partners with the best in place-led development to create a destination that draws in all that surrounds it.
To download the proposal
45 Romney Street
Charleston, South Carolina
$62.2 Million Project (Est.)
80,520 rSF office
135-key art hotel
7 vendor food hall
destination public space with sculpture garden
Located in an emerging area of Charleston, sc
 Charleston Regional Development Alliance website
 Post and Courier article on climate change impacts
 Charleston GIS Sea Level Rise interactive map
 Charleston’s Upper Peninsula – Clemson University School of Architecture study
 Vortex site WalkScore
 CARTA Routes + Schedules website
 Lowcountry Low Line purchase, Post & Courier
 Singleton Park improvements article, Post & Courier
 Site survey
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 Tecklenburg fundraising advantage, Post & Courier
 No confidence? Post & Courier article on mayoral race
 Charleston Board of Architectural Review website
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 Charleston UP Zoning District ordinance
 Charleston UP Zoning District overview
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 CBRE Office report
 CBRE Retail report
 Charleston Tech Center BAR Final Approval
 82 Mary Street, Post & Courier
 Cushman & Wakefield Food Halls of North America 2018 report
 NoMo hotel proposals, Post & Courier
 The rise of dual uses: Hotel complements Office, Colorado Real Estate Journal
 The Source website
 21c Museum Hotel website
 Creative ‘NoMo’: Hip, new businesses, residents revitalize corridor in upper peninsular Charleston, Post & Courier
 Workshop struggles, Post & Courier
 Enough Pie website
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 Office of Tourism analysis spreadsheet