CHARLESTON, SC — (NEWS RELEASE) The Beach Company met with Mayor Tecklenburg, the City of Charleston’s Planning Department and other key stakeholders for the third time in the past two months in an effort to finalize an agreement regarding the redevelopment of the Sergeant Jasper.
At the request of the City, The Beach Company presented a new plan today that included demolishing the existing 14-story tower and constructing a midrise building consisting of 350 residential units, 15,000 square feet of retail and 50,000 square feet of office space. Although The Beach Company prefers to proceed with the plan denied by the Board of Architectural Review on June 3, 2015 (currently under appeal), the company agreed to spend the time and resources to move forward with this new direction if the approval process could be expedited.
The Beach Company received additional feedback from stakeholder groups on the plan during today’s meeting and intends to study it and decide in the coming weeks whether or not it can create an amended plan that addresses this feedback while remaining an economically viable option.
In the meantime, The Beach Company will continue to pursue the alternate plan of renovating the existing Sergeant Jasper building and adding adjacent buildings, while also proceeding with the appeal of the BAR’s June 3 denial.