Retail real estate—shopping centers, urban storefronts, freestanding restaurants—is THE most vibrant commercial real estate type. Fight me on that!
It really is, though. Compared to apartments, warehouses and office buildings, these properties are the most public-facing real estate. Some Charleston-area retail properties attract tens of thousands of visitors every day!
Multiply that level of traffic over a number of years, and these projects eventually need redeveloping. A West Ashley shopping center was recently approved for just that.
Ashley Landing (originally opened as Ashley Plaza and later known as Ashley Plaza Mall) was the first indoor shopping mall in West Ashley when it was fully completed in 1972. It’ll look considerably different when it’s re-made.