The PGA Championship is coming back to Kiawah’s Ocean Course in 2021. It had an estimated economic impact of $193M on the region for the same tournament in 2012. And, yes, traffic improvements to get visitors in and out are planned. Ashley Heffernan of The Charleston Business Journal has the story.
Hall Management Group, which owns Hall’s Chophouse on King Street and Rita’s Seafood Grille at Folly Beach, has acquired the Maverick Southern Kitchens restaurants that includes High Cotton in CHS and the High Cotton in downtown Greenville, Slighty North of Broad in downtown CHS and the Old Village Post House in Mount Pleasant. Ashley Heffernan of The CHS Business Journal has the story.
The Ralph H. Johnson VA Medical Center downtown plans to build a nearly $10M parking deck in two phases that will add about 1k new parking spaces for patients, employees and visitors to the hospital. That will help alleviate parking pressures around the medical complex as the VA now leases land on a lot near Porter-Gaud and Folly Road off the Peninsula for about 600 spaces on a site where they have contracted for a shuttle service for parkers. Ashley Hefferman of The Charleston Regional Business Journal has the story.
CPM Federal Credit Union paid $825k for a .7-acre site to build a 3,400 SF for a full-service branch at Nexton in Summerville. Ashley Hefferman of The Charleston Business Journal has the announcement.
The city’s Board of Architectural Review unanimously approved the demolition of the former Charleston Memorial Hospital building and a new 10-story, $350M building that will house MUSC’s Children’s Hospital and Women’s Pavillion. Ashley Hefferman of The Charleston Regional Business Journal has the story.
300 showed up and REALLY wanted to be heard after seeing the re-development plan from The Beach Co. of the 1950s mid-rise building with a much more intense development with 450 apartments, 35k SF of commercial space and 700 parking spaces. The next meeting will be March 18. Ashley Heffernan of the CHS Regional Business Journal has the story.
Almost 900 homes sold in January 2015, making it the biggest January for Realtors since January 2007. The even better news is inventory is down 37% from then, and thus balance, or dare say, a shortage. Ashley Heffernan of The CHS Regional Business Journal has the story and the statistics.
The city council of N CHS and Weber USA Corp. have agreed to build a road that will link Palmetto Commerce Park to Patriot Boulevard. The road was part of the development and presumably access for the new Sprinter Vans assembly plant that Mercedes announced on March 6. Ashley Heffernan of The CHS Regional Business Journal has the story.
Ashley Heffernan of The CHS Regional Business Journal provides an overview of apartment development and its growth spurred by Millenials (born after 1980) that are creating a significant demand generator for rentals and how they are designed. Not your father’s apartments…
In a game-changer for a rather blighted area of N CHS, the city will buy a 24-acre parcel at Rivers Avenue and Mall Drive and donate it to the Medical University of South Carolina so MUSC can build its $40M pediatric medical campus on the site. Ashley Heffernan of The CHS Regional Business Journal has the story.