If you have visited upper King Street in the past year, you could not have missed the fast rising Midtown Development. In a short time this parcel at the intersection of King and Spring Street has transformed from a pile of rubble to a full fledged nine-story structure. The property will house two hotels, an eight-level parking deck and retail and office space all within the bounds of two of Charleston’s major downtown streets.
The Ordinary – the seafood establishment is housed in the only historic structure on the site- is a cornerstone of the project, and has been open since 2013 having received numerous accolades during that time, including being named in the top 10 Oyster Bars in the US. See all their accolades on their website.
The entire complex has progressed at a furious pace since breaking ground and the owners are looking at finishing construction in March of this year, with an April opening. Reservations are already streaming in at the two Hyatt hotels at the site, with high demand during Charleston’s busy tourist season. The hotel will boast a ballroom, 113 suites, 191 standard hotel rooms, and an unnamed restaurant and rooftop bar on site.
This project, one of many on the Peninsula being bank-rolled by outside firms, is just another example of Charleston’s progressive economic climate for investors all over the country.
Read more about the details HERE