National real estate investment and management company Jamestown has formed a joint venture partnership with local developer WECCO to reposition the North Charleston Navy Yard into a mixed-use neighborhood.
Located in Charleston’s Park Circle neighborhood, the 46-acre project is slated to consist of more than 1.2 million square feet of new office space, residences, shopping and dining as well as green spaces and a concert hall. The team expects to break ground and begin renovations this year and is currently in the design phase, exploring how the buildings on the site will be repurposed. While Navy Yard Charleston will go through extensive renovations, the team has made a commitment to preserve the area’s local character, architectural detail, and history.
“This project will improve connectivity and serve as a catalyst for more innovation in the neighborhood,” said Michael Phillips, President at Jamestown. “A strong local business community is emerging in the area, and we look forward to working with neighbors and the city to build something we believe will be truly additive.”
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles.
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