Summerville, SC, October 9, 2025
News Summary
Orange Capital Advisors has opened Evado Nova Pax, a 309-unit luxury apartment community in Summerville, South Carolina. The grand opening was celebrated on September 25, with a reported pre-leasing rate of 53%. This community features upscale amenities including a fitness center, sky lounge, and saltwater swimming pool. Strategically located just miles from Charleston and several local attractions, Evado Nova Pax is poised to enhance the housing landscape in the Charleston area.
Summerville, S.C. Welcomes New Luxury Apartment Community
Orange Capital Advisors has officially opened Evado Nova Pax, a new 309-unit luxury multifamily property located at 5101 Evado Lane in Summerville, South Carolina. With this launch, the Evado brand makes its debut in the development portfolio of Orange Capital Advisors.
Grand Opening and Occupancy Rates
The grand opening of Evado Nova Pax took place on September 25, 2025, with the property boasting a pre-leasing rate of 53% at that time.
Location and Accessibility
The new community is strategically situated 23 miles from Charleston International Airport, approximately 10 miles from Summerville’s city center, and within 31 miles of downtown Charleston. This prime location provides residents easy access to local retail and dining options.
Project Details and Features
Evado Nova Pax covers 31 acres and comprises 10 four-story buildings. The property offers a variety of unit layouts, including studio, one-, two-, and three-bedroom apartments, with sizes ranging from 615 to 1,395 square feet. Some select units come equipped with private balconies or patios for added convenience.
Amenities for Residents
The community boasts numerous common-area amenities designed to enhance the lifestyle of its residents. Highlights include a fitness center, a sky lounge, a saltwater swimming pool accompanied by cabanas, a wellness center, a yoga and barre studio, and a sauna with a massage room. Additional amenities feature grills, a conference room, and EV charging stations.
Development Financing
To fund the development of Evado Nova Pax, Orange Capital Advisors secured a $47.5 million construction loan from SouthState Bank in May 2022. The loan has a maturity date set for 2027.
Future Projects from Orange Capital Advisors
In addition to Evado Nova Pax, Orange Capital Advisors is currently working on another development: Evado Asheville South, a 270-unit project scheduled to open in Fletcher, N.C. next fall. The company’s portfolio now includes nine completed communities.
Current Multifamily Construction Landscape in Charleston
As of October, the Charleston area is witnessing significant growth in multifamily housing, with 37 construction projects underway that will culminate in a total of 7,903 units once fully built out. This includes nine projects that have broken ground since the year began.
Key Features of Evado Nova Pax
| Feature | Details |
|---|---|
| Location | 5101 Evado Lane, Summerville, SC |
| Units | 309 |
| Pre-Leased Rate | 53% |
| Acreage | 31 acres |
| Building Stores | 10 four-story buildings |
| Unit Types | Studio, 1-, 2-, 3-bedroom |
| Amenities | Fitness center, sky lounge, swimming pool, wellness center, yoga studio, sauna |
| Construction Loan | $47.5 million by SouthState Bank |
FAQ
What is Evado Nova Pax?
Evado Nova Pax is a 309-unit luxury multifamily property located at 5101 Evado Lane in Summerville, South Carolina.
When did Evado Nova Pax officially open?
The grand opening of Evado Nova Pax took place on September 25, 2025.
What is the pre-leased rate for Evado Nova Pax?
The property was 53% pre-leased at its grand opening.
What amenities does Evado Nova Pax offer?
The community offers a fitness center, sky lounge, saltwater swimming pool with cabanas, wellness center, yoga and barre studio, sauna and massage room, grills, conference room, and EV charging stations.
How much was the construction loan for Evado Nova Pax?
The developer took out a $47.5 million construction loan for the project, provided by SouthState Bank.
What other projects is Orange Capital Advisors working on?
Orange Capital Advisors is also developing a 270-unit project called Evado Asheville South, set to open next fall in Fletcher, N.C.
Deeper Dive: News & Info About This Topic
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Additional Resources
- Charleston Business: Evado Nova Pax Luxury Apartments
- MultiHousing News: Orange Capital Opens Charleston Community
- PR Newswire: Orange Capital Advisors Celebrates Grand Opening
- Wikipedia: Multi-family Housing
- Google Search: Evado Nova Pax
Author: STAFF HERE CHARLESTON
The CHARLESTON STAFF WRITER represents the experienced team at HEREcharleston.com, your go-to source for actionable local news and information in Charleston, Charleston County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Spoleto Festival USA, Charleston Wine + Food Festival, and the MOJA Festival. Our coverage extends to key organizations like the Charleston Metro Chamber of Commerce and the Charleston Museum, plus leading businesses in tourism and maritime industries that power the local economy such as South Carolina Ports Authority and the Charleston Visitor Center. As part of the broader HERE network, including HEREaiken.com, HEREbeaufort.com, HEREchapin.com, HEREcharleston.com, HEREclinton.com, HEREcolumbia.com, HEREgeorgetown.com, HEREgreenwood.com, HEREgreenville.com, HEREhiltonhead.com, HEREirmo.com, HEREmyrtlebeach.com, HEREnewberry.com, HERErockhill.com, HEREspartanburg.com, HEREaustin.com, HEREcollegestation.com, HEREdallas.com, HEREhouston.com, and HEREsanantonio.com, we provide comprehensive, credible insights into South Carolina's dynamic landscape.
