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vicupstate

Line Street Mini-Warehouse site redevelopment

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http://www.postandcourier.com/20160614/160619675/historic-charleston-mini-warehouse-site-sold-for-mixed-use-development&source=RSS

 

A downtown Charleston storage facility in a historic building surrounding an antebellum smokestack could soon see a mixed-use development sprout on the site. 

An Ohio-based developer and a Charleston real estate investment firm recently bought 12 parcels on and around the site of AAA Downtown Storage at 44 Line St. in a deal valued at nearly $8.7 million. 

 The buyers aren’t outlining their specific plans for the mid-peninsula site, but an environmental cleanup plan filed with the state related to the block calls for a mix of uses, including apartments, businesses and open space. 

Lifestyle Communities, a developer and property manager based in Columbus, Ohio, and The Seine Group of Charleston, through an Atlanta-based arm called East Line Partners LLC, bought the 294-unit storage business as well as the 2-plus acres bound roughly by Sheppard, Meeting and Line streets and an old railroad line. 

The central building of the mini-storage warehouse dates back to 1857, which means the historic structure won’t be going anywhere under the city’s preservation guidelines. 

“The plan is to showcase the historic building,” Ferira said. 

 

 

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By my calculations this will be a 2.31 acre site.  When exiting I-26 onto Meeting Street this will be the first thing you see on Meeting Street is it is definitely a gateway project. 

It immediately adjoins Courier Square which is 12 acres. Courier Square immediately adjoins the recently completed Midtown project which is about 4-5 acres. A short block away is 4.46 acres that is pending a major redevelopment. 

Major changes for the upper Meeting-King corridor. 

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In Charlotte, they would tear it down because it's too old to be saved. Sigh.

This building looks like a really good place for a brewery / brewpub.

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