Sep
12

Charleston CBD Developments Revived

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Driving along Charleston’s upper King and Meeting streets, it would be easy to look at some of the empty lots and vacant buildings and wonder what became of the grand development plans for the area.

“It’s kind of amazing that a Piggly Wiggly is the most attractive building there right now,” said Kevin Phelps, who owns a house on Mary Street where he plans to retire. “Something has to be the spark that gets the fire going.”

In early 2007, when the real estate market was still roaring, at least a dozen projects involving hundreds of condos, four new hotels and lots of new office and retail space were planned in the seven-block area from Calhoun Street to Spring Street. Not one of the big projects has been completed.

“If anybody can build out that section (near Spring Street), it will greatly improve the appearance of that end of the city,” Phelps said.

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