Today (Tuesday, November 21) the Post and Courier published a story written by Prentiss Findlay regarding the possible development of 110+ acres in Mount Pleasant–near Rifle Range Road and Hungryneck. I’ve pasted the whole story below.
“MOUNT PLEASANT – The future of one of the largest undeveloped tracts in East Cooper could be decided today.
Developers say they hope to build a vibrant downtown destination by blending retail shops, restaurants, offices and residences in a walkable urban setting. It is envisioned as a place town residents will frequent for shopping and to enjoy a walk on its sidewalks, paths and trails.
This afternoon, the developers of 110-acre Central Mount Pleasant will go before the town’s Planning Commission seeking approval of a mixed-use residential and commercial project that is expected to generate up to $20.5 million in annual tax revenue.
At issue is whether the commission should recommend annexation and re-zoning of about 100 acres of land between Rifle Range Road and Hungry Neck Boulevard. As part of the project, the commission also will consider whether to recommend re-zoning of about 10 acres of undeveloped land on Rifle Range Road already in the town limits.
Annexing the 100 acres into Mount Pleasant would make the development eligible for the town’s water and sewer service and its police and fire protection, said Christiane Farrell, division chief for town planning and development.
When it considers the project, the Planning Commission will decide if the property should be annexed and if it should be re-zoned to allow up to 907 residential units, 450,000 square feet of commercial and office space, a 150-room hotel and an 800-student elementary school. The project would add to the town’s 27,447 dwelling units, 1,174 acres of developed commercial areas and 10.3 million square feet of commercial uses.
By comparison, the giant Park West subdivision on the northern end of town has 3,000 dwelling units and 150 acres of commercial development.
“The combination of location and environment will generate a project unlike any other in Mount Pleasant,” according to a description of the project prepared by the developer. “We believe buyers in all price ranges will be attracted to this project. It will help satisfy the continued desire to own a home in Mount Pleasant.”
The project is near the geographical center of Mount Pleasant and is bisected by two major roads, Hungry Neck Boulevard Phase 2, a three-lane road expected to be completed next year, and Rifle Range Road.
The developer is negotiating to sell 9.8 acres to the Charleston County School District to construct a new 800-student Whitesides Elementary School within Central Mount Pleasant.
In the papers filed with the town Planning Department, the developer said the property would be broken into four distinct parts: a 32-acre area envisioned as a high-energy urban center combining business, multifamily residences and a hotel; 51 acres of medium-density single family and townhomes planned in a traditional neighborhood; 18 acres of low-density single-family homes with a large amount of open space; and nine acres for the new school.
The project is a 50-50 joint venture of McAlister Development Co. and Charleston-based Greystar Real Estate Partners. Greystar is a national real estate investment firm led by Mount Pleasant resident Bob Faith, South Carolina’s former commerce secretary. His company also was an early partner in Daniel Island.
McAlister Development includes developer Anthony McAlister and Blackbaud Inc. founder Tony Bakker.
Reach Prentiss Findlay at firstname.lastname@example.org or 937-5711.
If you go
What: Central Mount Pleasant Planning Commission public hearing
When: 5 p.m. today
Where: Mount Pleasant Town Council Chambers”
information on Charleston South Carolina Real Estate visit: