A deal for the last piece of Garco ParkBy David Slade (Contact)
The Post and Courier
Tuesday, August 26, 2008
The Charleston Water System agreed today to sell a small property in North Charleston to The Beach Company, giving the company control of the only parcel it did not already own within the 40-acre redevelopment site known as Garco Park. The gravel lot at Virginia Avenue and Empire Street, just under a quarter-acre, was the site of a water tower that was taken down about 20 years ago. "It's 100 feet by 100 feet, but it sits as a very important corner," said Kent Johnson, vice president of The Beach Company. "It's kind of like a missing tooth." The parcel sits adjacent to industrial land that was home to asbestos and rubber manufacturing, where The Beach Company plans to conduct an environmental cleanup and then build a mixed-use development of offices, retail, condos and a large grocery store. The Charleston Water System agreed to sell the land for the appraised price of $80,000, plus sale-related expenses, without seeking bids. Read more in tomorrow's editions of The Post and Courier. |
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