Mixed-Use Development Planned for Mount Pleasant Site

Colliers International team has sold one of the few remaining large development sites in Mount Pleasant.  Johnson Development, out of Spartanburg, plans a major mixed-use project consisting of a 456-unit apartment community, 62,000 SF of retail, self-storage for 600 units, a 123-room hotel and a tech incubator office building.  Johnson paid $11.5M for the tract of 38 acres from the U.S. bankruptcy court.  The site is across the street from Mount Pleasant Towne Centre.  The Colliers International team that sold the site was Seth Clark and Danny Pellegrino in the Colliers Charleston office and Woody Moore in the Colliers Columbia office.  Michael Dodds of Integra Realty Resources and SCREnews.com shares the information.

About charlestonCREblog

30 years' in the commercial real estate biz - investment sales, consulting, banker, appraiser, brokerage. Trained in Atlanta and moved to the Lowcountry in 2008 and now sharing offices in Charleston and Jacksonville, FL. Exclusive listings, buyer representation, and consulting/analysis to help clients make the best commercial real estate decisions.

Posted on January 8, 2015, in CHS Hotel-Retaurant-Hospitality, CHS Multi-Family, CHS Office, Development and tagged , , , , , , , . Bookmark the permalink. Leave a comment.

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