Category Archives: Downtown CHS
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.
Upstate-based Oobe Meanswear will open a King Street store in a 2,700 SF building at 161 King Street.
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.
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
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.
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.
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.
California-based Lowe Enterprises is reportedly paying more than $40M for the State Ports Authority’s HQs overlooking Charleston Harbor at 176 Concord Street that includes the site for Fleet Landing restaurant. Lowe Enterprises owns Wild Dunes Resort on the Isle of Palms. Reportedly, the site would allow a 225-room hotel under existing zoning; on a site with unobstructed views of the Harbor and the Ocean. David Wren has the article here.
Ohio-based Lifestyle Communities and locally based The Seine Group assembled some dozen parcels at and around 44 Lines Street, today the location of AAA Downtown Storage. Development plans are unclear but are expected to be for apartments and commercial uses around some historic buildings. Warren Wise of The Post and Courier has the story here.
Warren Wise has his ear to the ground again with all kinds of openings, and some closings:
- Cirque Salon Studios is taking the 6,200 SF former Carolina’s restaurant at 10 Exchange St downtown
- Boot Barn opened a 10,000 SF store at Promenade at Northwoods Shopping Center across from Northwoods Mall in N CHS
- Bellacino’s Pizza & Grinders out of Michigan opened a 2,400 SF store in the Harris-Teeter anchored Sawmill Village Shopping Center in Summerville
- Kirkland’s closed its 5,540 SF store in the Wal-Mart anchored Wando Crossing Shopping Center in Mount Pleasant