Jamestown Forms JV to Redevelop Charleston Navy Yard
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. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.