The BigKmart at 8571 Rivers Avenue in (far) North Charleston will close in March, one of 78 stores (and 26 Sears) announced – and 30 Kmarts and 16 Sears announced in late December. Only the Kmart on Ladson Road in Summerville remains in the CHS region. The Post and Courier’s Warren Wise has the story here.
The Post and Courier noted that WalletHub’s list of cities that have seen the best recovery since the Great Recession ranked N CHS at #21 nationally, of 505 cities across the US based on 18 key economic indicators. Only the city of Charleston (#27) and Columbia (#84) made the list from SC.
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.
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.
Phillips Edison, a private REIT out of Cincinnati, has purchased an additional site adjacent to a center it bought back in September from DDR. The new purchase was for about $4.9M for the adjacent 4.4 acres and a 50k SF building that houses AC Moore and DollarTree, adjacent to the Wal-Mart-anchored North Pointe Plaza that it paid $31.9M a few months ago. John McDermott of The Post and Courier has the brief article here.
Bi-Lo is closing its 39k SF Remount Road store, just west of Rhett Avenue in N CHS. The company says they have no plans to close any of its other 16 remaining stores in the region. Warren Wise has the announcement here for The Post and Courier.
The N CHS hotel that was the Marriott three decades ago will undergo an extensive renovation and re-open as a new(er) Marriott this summer. JHM Hotels out of Greenville bought the hotel that later became a Hilton and most recently a Sheraton and currently the independent Charleston Plaza, bought the property for about $5.9M in mid 2014. JHM also owns the Marriott and the Courtyard by Marriott, both downtown. The Post and Courier’s Allison Prang has the story here.
BJ’s Club will open a new 87k SF store in late 2016, behind the Wal-Mart at N. Main Street and I-26 in Summerville. It will be the only BJ’s in SC; the nearest one is in Charlotte. Construction is expected to start in December. Warren Wise has the mention here in a retail-focused article for The Post and Courier that includes:
- a new type of clothing consignment shop that is coming to Promenade at Northwoods in N CHS
- a new boat dealership that is replacing an antique store on Savannah Highway
- Fleet Feet Sports coming (also) to Summerville
- This Time Fitness and a new MOD Pizza both taking retail shop space in West Ashley
National Retail Properties out of Orlando recently paid $3.1M for the real estate at 8155 Rivers Ave., where Camping World RV sales operates in what was a former Lowe’s. NRP acquires NNN assets nationally and does sale-leasebacks to operators like Camping World. John McDermott has the story here for The Post and Courier.