11:22 pm on Wednesday December 1, 2010
| Posted by Ken Hawkins
$7 million land deal paves way for second Concord Park project
An areal view of the park looking south, the approximate location of the land deal is highlighted in red.
Sitting vacant since demolition following Hurricane Hugo in 1989, the City of Charleston's Concord Park is starting to see more development traction.
The master plan calls for private developers to build on 3.5 acres of the 10 acre open space park and the city has already seen one construction project for office buildings start on the northwest tip. Now 2 acres are set to be sold by Charleston for $7 million so a boutique hotel and condos can be built.
The Post and Courier has a nice report on the deal, developer, and a small map; take a read here.
The buyer is East West Cumberland Park Associates.
