There’s no doubt about it. Charleston, SC is a “hot” market, and we’re not talking about temperature. True, the area is beautiful, the beaches are warm and inviting and the culture of the region is also warm and friendly. But, population growth is the thing that is hot. The Charleston region is growing at a rate three times faster than the U.S average as people move here to enjoy its many appealing features, including a robust economy. Among the many attractive areas in Charleston is the suburb of West Ashley, home of the Citadel Mall.
West Ashley, an Inviting Suburb
West Ashley is one of the top areas in Charleston. It features the only zoo in Charleston along with historic plantations, minor battlefields from the Revolutionary and Civil Wars and plenty of places to shop and dine.
In 2013, the City of Charleston hired a market research firm to assist in developing a strategic plan to create a strong future for West Ashley and to address some important opportunities, including the redevelopment of the Citadel Mall.
Major Plans in the Works to Revitalize Citadel Mall
The Citadel Mall, then the largest shopping in the Charleston region, opened July 29, 1981, featuring more than 100 stores. Since then, the national closure and trim-down of some big-box retailers including Sears and JCPenney had created an uncertain future for this important parcel of real estate.
The West Ashley redevelopment plan proposed a new vision for the Citadel Mall aiming to revitalize the property and its surroundings by creating a mixed-use, pedestrian-oriented center that would create a quality and highly attractive destination for West Ashley and Charleston residents. Thus, there are now great opportunities to create hotels, offices, residential and commercial spaces on and around this property.
Seek Expert Real Estate Services
Contact Caldwell Commercial Real Estate Services, your trusted commercial real estate partner in Charleston, SC. Our 80 years of experience can help you, whether leasing, selling or developing property. We’ll meet your needs with results and superior satisfaction.