Category Archives: Development

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.

Lowes Foods Planning 2nd Store in CHS

The Winston-Salem-based grocery chain is planning its next store in CHS, this one at Oakbrook Square in Summerville in a center that will be substantially renovated by RealtyLink, after acquiring the center in November at about $70/SF and will add about 35,000SF.  Lowes has a similar-size (49,500 SF) store planned in Mount Pleasant near Dunes West.  Warren Wise of The Post and Courier has the story here.

3rd Chick-Fil-A Planned for Mount Pleasant Among Other Retailer News

Warren Wise of The Post and Courier brings us up to date on all rumors and confirmed stories regarding retail in CHS, including:

  • A new Chick-Fil-A in Mount Pleasant, this one at 653 Long Point Road just outside I-526 and across from the Harris Teeter anchored Belle Hall Shopping Center
  • Bikram Yoga and a Blue Water c-store are also coming to Mount Pleasant
  • PetSmart opened a new store at 850 Folly Road in the Super Bi-Lo anchored center on James Island
  • Waffle House is opening its 8th area location, this one in N CHS at Sumner Avenue and Paulson Street, opposite a new Bojangle’s
  • McDonald’s is planning a store at 1645 Red Bank Road near the new Wal-Mart Neighborhood Market in Goose Creek/Berkeley County near SPAWAR
  • A new Fresh Produce women’s clothing store opens at 218 King Street downtown, in the former Nine West store, relocating its nearby store out of Shops at Belmond Charleston Place

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.

New Grocery Stores Planned for CHS

Warren Wise has uncovered plans for two grocers planning stores in metro CHS – a new Publix at 1411 Folly Road on James Island, not far from a very successful Publix to the north at 520 Folly Road (and Harbor View Road).

Also, Sav-A-Lot will (open in mid-June) a new 16,000 SF store at Oak Ridge Plaza Shopping Center at 5060 Dorchester Road; that’s just outside I-526.

We’ve also heard about yet another grocery store for Mount Pleasant.

West Ashley Harris Teeter Opening In Fall 2017

Kimco Realty finally publicly revealed its plans to add Harris Teeter to the mix at Westwood Plaza Shopping Center in West Ashley, adjacent Barnes & Noble.  Office Depot and TJMaxx also co-tenant the center.  Warren Wise of The Post and Courier has the announcement here.  Kimco renovated the St. Andrews Center anchored also by Harris Teeter and West Marine/Petco/Stein Mart on Savannah Hwy back in 2009.  John Orr, CCIM, and Elyse Chubb Welch, CCIM, handle the local leasing for Kimco in each of these centers.

Developer Sees New Downtown For N CHS Near Tanger

A mixed-use development that includes apartments, a hotel, restaurants and office space are planned near Tanger Outlets in N CHS.  The next step is to get approval to fill 28.5 acres of wetlands.  The Post and Courier’s Warren Wise has the story here.