CHARLESTON, S.C. (AP) — A developer is proposing a plan to renovate, not demolish, a building in downtown Charleston that has been the focus of an ongoing redevelopment fight.
The Post and Courier of Charleston reports that the Beach Co. has proposed renovating the 150-foot-tall Sargent Jasper building near the Ashley River as well as building a new parking garage and six-story office and retail building.
Previous plans to demolish the building and replace it have been rejected by city regulators and the company has sued. The company says it wants to have an alternative plan in place to mitigate its losses because of the redevelopment delay.
The company says it has spent $2.3 million preparing for the demolition and loses almost $2 million a year in revenue because the building sits empty.