Jul
10

$30 Million Mixed Use Development Approved for Summerville

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Summerville’s town council on Wednesday night signed off on a $30 million economic development package for its downtown area. The plan — called the Dorchester Hotel project — includes a 66-room, four-story hotel with rooftop terrace, an upscale restaurant, retail space, a parking garage, and nearly three dozen condos.

“This project is an answer to requests many Summerville residents have made for an events facility, more public downtown parking, and condominiums where residents can live, work, shop and dine in downtown without having to drive,” said Mayor Bill Collins.

The council on Wednesday gave approval for Collins to move ahead with negotiating the project with Applegate & Co. of North Charleston.

The project will be built on land purchased by the town several years ago on Cedar Street. The current plan puts an events area beside the hotel and condos wrapping around the sides of the parking garage. Town officials said the town will pay for construction of the events building and the parking garage through revenue bonds from hospitality taxes. The hotel and condos will be paid for by the builder, officials said.

The town will own the events facility and the parking garage but they will be managed under contract, officials added. Construction is expected to begin in the spring of 2015 and is expected to take 18 to 24 months to complete.

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