A long-vacant industrial property on Charleston’s Upper Peninsula could soon become a major mixed-use development, with plans for 332 apartments and new retail space at the former Pepsi bottling plant on Meeting Street.
The proposal for 1450 Meeting Street calls for a five-story residential building alongside retail space, bringing new housing to a corridor that has seen growing redevelopment interest. The property has remained unused for years after earlier plans failed to move forward.
A New Chapter for a Long-Vacant Site
The redevelopment proposal comes as Charleston continues looking for ways to add housing within established parts of the city. Rather than expanding only into suburban areas, projects like this would put more residents closer to existing businesses, employment centers and services.
The site’s industrial history and location also present challenges. City officials have highlighted the need to consider the development’s relationship with a nearby cemetery, including building placement and how the project affects the surrounding area. The design team has been refining materials and other elements of the proposal.
What It Means for Charleston Real Estate
For Realtors, investors and developers, the project highlights the potential of underused properties to become valuable residential and commercial assets. Adding hundreds of apartments could bring more customers to nearby businesses and contribute to the continued transformation of the Upper Peninsula.
However, the proposal is not yet a completed development. Following its design review, the project is expected to proceed through technical review, where additional details and requirements will need to be addressed.
If approved and built, the project would give a long-idle property a new purpose while adding housing and retail to an evolving part of Charleston.
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