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Old 03-27-2013, 10:38 AM
 
1,101 posts, read 1,337,969 times
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Anybody have any thoughts on the $5.65 million the city is using to buy the palmetto compress building and adjacent land? Other than the overpaying it just seems like a big risk the city is putting on the backs of tax payers as they intend to flip it in short order to developers.
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Old 03-27-2013, 11:51 AM
 
Location: Charleston, South Carolina
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I think its preservationism on steroids. To me the rendering of the building the developer prosposed to replace the cotton warehouse with looked a lot better, but the rest of the development needed tweaking.
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Old 03-27-2013, 04:39 PM
 
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Originally Posted by Columbiadata View Post
I think its preservationism on steroids. To me the rendering of the building the developer prosposed to replace the cotton warehouse with looked a lot better, but the rest of the development needed tweaking.
I agree... if they don't get something BIG to move into the building, they won't hear the end of the it. I am thinking they will need something like Wal-mart or Target to make the public happy.
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Old 03-27-2013, 09:25 PM
 
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Originally Posted by scguy89 View Post
I agree... if they don't get something BIG to move into the building, they won't hear the end of the it. I am thinking they will need something like Wal-mart or Target to make the public happy.
Could this building support a Target store? Is the city going to sell the land around the building? If so, will that offset the price paid?
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Old 03-28-2013, 10:25 AM
 
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Originally Posted by GSP101 View Post
Could this building support a Target store? Is the city going to sell the land around the building? If so, will that offset the price paid?
I think if they just used the exterior walls, it could. The state says the total sq.ft for the building is 320,000. I am not sure if it is 3 or 4 floors for that total but if it was 3 floors, then it would be 106,000 sq.ft. a floor and if it was 4 floors, then it would be 80,000 sq.ft. This article in NY Times http://www.nytimes.com/2012/07/26/bu...ores.html?_r=0 talks about urban Target's. These Target stores can be 80,000 to 100,000 sq.ft. They could fit that in there or they could do like Publix and build even more off the building to make it even larger. If they develop a parking garage with apartment wrapping it and on top, then you have a pretty viable option that residents would be okay with. The problem is getting the retailer to bite... it is on the side of the city that doesn't have much of the demographics they would want (compared to the area with Whole Foods and Trader Joe's) and access would be difficult without some road reworking (maybe a stop light at Greene and Huger or College and Huger). I think a light at Devine and Huger would be too close to the main intersection of Huger and Blossom.

It's more likely Wal-mart will be interested... which people probably won't like as much.

What do you guys think?
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Old 03-28-2013, 03:33 PM
 
1,101 posts, read 1,337,969 times
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Default re Urban Walmart / Palmetto Compress Re-Use

Quote:
I think if they just used the exterior walls, it could. The state says the total sq.ft for the building is 320,000. I am not sure if it is 3 or 4 floors for that total but if it was 3 floors, then it would be 106,000 sq.ft. a floor and if it was 4 floors, then it would be 80,000 sq.ft. This article in NY Times http://www.nytimes.com/2012/07/26/bu...ores.html?_r=0 talks about urban Target's. These Target stores can be 80,000 to 100,000 sq.ft. They could fit that in there or they could do like Publix and build even more off the building to make it even larger. If they develop a parking garage with apartment wrapping it and on top, then you have a pretty viable option that residents would be okay with. The problem is getting the retailer to bite... it is on the side of the city that doesn't have much of the demographics they would want (compared to the area with Whole Foods and Trader Joe's) and access would be difficult without some road reworking (maybe a stop light at Greene and Huger or College and Huger). I think a light at Devine and Huger would be too close to the main intersection of Huger and Blossom.

It's more likely Wal-mart will be interested... which people probably won't like as much.
Well Wal-Mart did abandon the assembly site and this one wouldn't have the flooding concerns but doubtful still b/c the same preservationists that rallied to save the building and that city council embraced would go absolutely batty. Though still this could happen two years down the road if nobody is interested in the property and it becomes a beggars can't be choosers/ unload what by then will have become a white elephant for the City.
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Old 03-28-2013, 05:36 PM
 
Location: Columbia, SC
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I would hate to see a big box store move into this building. I think loft condos/apartments would be the best reuse.
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Old 03-28-2013, 07:38 PM
 
1,077 posts, read 1,650,735 times
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Originally Posted by waccamatt View Post
I would hate to see a big box store move into this building. I think loft condos/apartments would be the best reuse.
I think retail should be part of this development, even if it is only a small amount along Devine Street to help create a pedestrian oriented environment. Restaurants and bars would thrive here.
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Old 03-28-2013, 08:15 PM
 
Location: Athens, Greece (Hometowm: Irmo, SC)
2,133 posts, read 2,274,629 times
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Quote:
Originally Posted by waccamatt View Post
I would hate to see a big box store move into this building. I think loft condos/apartments would be the best reuse.
Agreed. Condos and retail on first floor or around the Compress building. Retail would thrive but anything like a Wal-mart or Target would be too much and a simplistic knee-jerk decision. Something different, please.
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Old 04-25-2013, 12:21 PM
 
258 posts, read 468,389 times
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Default More national retailers....

....sniffing around The Vista

COLUMBIA, SC: Growing up, branching out: Vista expansion means national names, riverfront living | My Vista | The State
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