South Carolina’s first Four Seasons resort is coming back before the city of Charleston’s Board of Architectural Review for a final signoff on the plans.
The mixed-use project was given preliminary approval by the panel in February.
Florida-based Strategic Property Partners is planning to develop the luxury lodging brand at Meeting Street and Horlbeck Alley, where the former Days Inn still stands today.
Plans call for hotel rooms, residential condominiums and amenities in three buildings reaching as high as eight stories.
A former Days Inn at 155 Meeting St. will be replaced with South Carolina’s first Four Seasons property.
In all, Kirkland, Wash.-based Pinnacle Mountain Holdings LLC has invested $72 million to date in the area to pull together the real estate it needs for the project, after a recent purchase of three vacant lots in April.
The buyer is part of Microsoft co-founder Bill Gates‘ personal investment fund, which also has an ownership stake in Strategic Property Partners.
The BAR meets on May 8 at 4:30 p.m. at 2 George St.
Credit Check
As the Charleston County Aviation Authority moves forward with pursuing nearly $1 billion worth of airport infrastructure projects to keep pace with demand, Moody’s has revisited the panel’s credit rating.
Charleston International reached a new passenger milestone in 2023, with more than 6 million travelers passing through the airport.
It is the first time in five years the CHS owner and operator’s A1 rating has been reviewed.
It held steady at that level, meaning it will enable the airport to borrow at favorable rates.
Charleston International saw more than 6 million passengers last year.
Officials want to move forward with building another parking garage, relocating the overnight aircraft parking area and and expanding the terminal, among other improvements.
Brandy James, chief financial officer for the Aviation Authority, said the rating review came at an opportune time and that the airport operator is “well-positioned” as it embarks on the capital projects.
“The A1 rating is reflective of the positive impact recent strategic management decisions regarding expanded air service and debt refinancing have had on the continued growth in passenger traffic, profitability and increased liquidity,” James said.
It’s golden
The Middleton Place Foundation is celebrating 50 years for America’s oldest landscaped gardens with events May 11 from 10 a.m. to 3 p.m.
Middleton Place along the Ashley River dates to 1675.
The educational and hands-on activities will beheld at the stableyard.
The event is free with
general admission for adults.
It will include a variety of demonstrations with horses and working dogs, indigo dyeing, wool felting, pottery crafts and brickmaking. Mama Dukes Food Truck will be onsite.
