There was an awful lot of buzz in October about a mystery business code-named Project Bahamas that was moving to the Upper King Street building just north of the now-closed Chai's Lounge & Tapas. For once, a business announcement lived up to the hype. PeopleMatter, which writes hiring and scheduling software for employers, is scheduled to renovate and move in to the property at 466 King St. by December 2012, hiring an additional 265 employees and making an $18.8 million capital investment. The two-year-old company began in a room at the Flagship business incubator on East Bay Street before moving to its present location on the Navy Yard in North Charleston. In announcing the expansion, which will include an eventual takeover of Charleston Beer Works' current home at 468 King St., CEO Nate DaPore coined a nickname for Charleston as a burgeoning tech hub: Silicon Harbor. We'll see if it catches on.
A previous version of this entry incorrectly stated that PeopleMatter would be moved in to the new office space by December 2013. We regret the error.