Downtown Beaufort Property to be Redeveloped


CBRE Furman Co. President Steve Navarro and Beaufort developer Jim Chaffin will partner on a joint project to redevelop an underutilized waterfront parking lot at Beaufort’s historic Downtown Marina. Beaufort City Council approved an agreement of understanding with Navarro and Chaffin’s firm, Historic Marina Partners LLC, that outlines the completion of a development plan with public input after 180 days.

“What I’m most excited about this is that it’s a really cool site that has so much potential,” said Navarro. “It’s in a really strategic location, and that’s something we think we can really take advantage of and attract a lot of people to.”

The four-acre parking lot site contains around 100 parking spots and is adjacent to the city-owned downtown marina, three public parks and the downtown shopping and entertainment district. The development is intended to encourage economic growth in the western end of downtown Beaufort’s retail district and to draw residents to the area, according to city news release.


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