In an e-mail blast the City of North Charleston announced an impending $9.2 million deal to transfer approximately 40 acres from the City for $9.2 million.
The Rivers Avenue deal is being conducted by the Chicora Gardens Holding group.
The city writes about the deal:
The project is expected to be a collaborative effort along with private businesses to utilize the best talents, innovation, and ideas to create a destination to bring together the community. The area’s master plan is focused on attracting commerce and residents to the area with a plan for a sustainable interactive environment.
An initial plan is to develop a mixed use project that will include a grocery store, office building, bank, restaurants, medical and dental services, pharmacy, library, and a continuing care retirement community with senior apartments, assisted living, and hospice services. The project will also contain extensive public parks and gardens.
ABC News 4 offers a news report with more details and some conceptual plans.
At that price, the sale would cover the city's $6.2 million worth of investments to date in buying both properties and demolishing the Shipwatch Square shopping center. ... A grocery store would be a boon for residents on the southern end of North Charleston, much of which is classified by the U.S. Department of Agriculture as a food desert.