Charleston may be a small town, but we have some financial heavy hitters here.
Bob Faith, founder of locally-based but global real estate powerhouse Greystar, is on Forbes’ list of the richest people in America. And Ben Navarro, Chairman of local firm Beemok Hospitality, stacks right up there with Faith.
Navarro’s firm purchased the local landmark hotel, Charleston Place, for $350 million in 2021. Beemok also recently became majority owner of the new Cooper Hotel, a 209-room “younger, cooler sister to Charleston Place”. He also owns Credit One Stadium and the fabulous Sorelle restaurant downtown.
Now comes word that Beemok reached an agreement to buy the Union Pier redevelopment site.
I’ve raved about the attractiveness of this development site before. And I think it’s terrific news that a local firm like Beemok will shepherd the development of this superb piece of real estate.