Category Archives: CHS Hotel-Retaurant-Hospitality

CHS Hotel-Restaurant-Hospitality News

State Port Authority Closes $38M Sale to Lowe Enterprises for New Downtown Hotel

The long-awaited sale of a waterfront site downtown on Concord Street has closed to Lowe Enterprises where they plan to build a 225-room luxury hotel that should open in 2020.  The price was $38M.  The Post and Courier has the story here.

No More Room ? City Officials Stop Approval of New 50-Room Hotel

Dave Munday of The Post and Courier reports that the Charleston zoning board may be tapping the brakes on new hotel development in the city center with the decline of a request for a new 50-room hotel at 36 N. Market Street downtown.

Recap of Another Booming Year in CHS

The Post and Courier provided a year-end 2016 overview.  Some highlights:

  • Update on Mercedes-Benz $500M plant that will hire 1,300 to build the Sprinter vans in Palmetto Commerce Park on a plant that will cover 75 football fields, plus the new Volvo plant in Berkeley Count
  • Boeing opened its 787 DreamLiner paint hangar of 360,000 SF that can paint two jets at the same time
  • Travel + Leisure praised the city again – voting it the world’s best city while Conde Nast Traveler readers voted it the friendliest city in the world
  • Over 16,200 home sales thru November, plus about 5,500 apartment units under construction with rents rising 3.3% (to $1,113) and occupancy at a stellar 94.4%
  • New grocery retailers in the metro area include a new Fresh Market, a new Lowes Foods, both in Summerville, and Germany’s Lidl planning a site in Goose Creek
  • Blackbaud began construction on its new 360k SF headquarters in a new $154M campus for the software maker where it will hire an additional 300 over the next five years
  • AT&T and Home Telecom will provide gigabit speed Internet in some suburban areas

 

Charleston’s Economic Headlines For 2016

The Post and Courier highlighted the local economy’s 2016 headlines in a single article; among the highlights:

  • Update on dredging of CHS harbor with the start of a single dollar from President Trump
  • Boeing’s new 787-10, made exclusively in N CHS, will be a major focus of the manufacturer forward as the larger plane replaces the shorter version 787-8 made in Seattle
  • More changes at CHS airport with a focus on parking to handle the increased volume
  • A strong housing outlook to handle the 35 newcomers a day moving to the region
  • A tightening labor market amid the 3.4% unemployment rate, the lowest since 2000
  • New retailers including member-clubs such as our first BJ’s Wholesale, a Costco in Mount Pleasant, the region’s second, and another Sam’s Club, this one in Summerville
  • More hotels, including the new Hotel Bennett at Marion Square downtown with rooms starting at $500/night, and another dozen hotels approved or under construction – just on the downtown Peninsula

 

New Eatery Planned for Mount Pleasant

A dark restaurant at 201 Coleman Blvd. in Mount Pleasant that once housed Sette VII will be leased for a new dining/bar establishment according to the owners and Warren Wise’s Post and Courier article.

Chomp! Halls Chophouse Buys Upper King Properties for $7M

If you wonder where the $60 goes after it leaves your wallet at Hall’s Chophouse for the filet (a la carte), some of it goes to pay for the real estate.  A lot of it apparently.  The owner of the restaurant paid a combined $7M for the twin buildings that house the famous eatery at 432-434 King Street downtown.  Warren Wise has the announcement here.

Retailer Openings: New Mellow Mushroom, New La-Z-Boy and New Home Decor Store

Warren Wise of The Post and Courier has announcements on top of announcements, including:

  • Mellow Mushroom opening near Tanger in N CHS
  • La-Z-Boy furniture showroom opening in N CHS, too, next to the new Conn’s Electronics store, also near Tanger
  • Plum Goose Home Furnishings in West Ashley
  • Charlotte-based Famous Toastery announcing five restaurant locations; for now, Summerville, N CHS, and later Mount Pleasant.

Chipotle adding 4th CHS Store and Planning 5th; Southern Season to Downtown

Warren Wise of The Post and Courier has an article updating the local retail scene, including the announcement of a 4th Chipotle, this one in Mount Pleasant; and plans for their 5th store in West Ashley near Citadel Mall.  Also, specialty food retailer Southern Season opening a store (kinda) downtown on Market Street.

Ashley Landing Lands Pizza/Craft Beer Joint

Frothy Beard Brewing Co. of N CHS and food truck Zombie Bob’s Pizza are joining forces and will open a joint operation at Ashley Landing in West Ashley this Fall.  It will include a large brewing area and CHS’ largest indoor taproom and a large outdoor seating area according to the founders.  Warren Wise of The Post and Courier has that story along with a few other retailer notes around town.

Restaurant Coming to Midtown

John Orr, CCIM, and Elyse Chubb Welch, CCIM, of Colliers International announced the leasing of a 2,016 SF bay at Midtown on King Street that will open early next year.  Warren Wise of The Post and Courier has the story here.