Friday, April 24, 2009

There Goes the Neighborhood: Luxury Promenade Could Become Rail Site

Posted by Greg Hambrick on Fri, Apr 24, 2009 at 3:22 PM

a51e/1240600901-newsblips_resized.jpgThe Charleston Regional Business Journal is reporting that the developers of the Promenade project in the neck area of the peninsula are considering shifting the residential plans for the site to provide a rail site as one possible solution to the debate over improved rail access to the new Charleston port site.

Last year, the developers made a pitch during community input meetings for a mixed development of residential and commercial uses. Development of the site is complicated by the fact that it is on top of two former landfills. Oh, and the housing market has tanked.

The rail proposal doesn't sound doable, but it may signal a hint of desperation from the developer.

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