Buyers ready to close North Charleston Shipwatch Square deal, not former Naval Hospital
North Charleston’s plan to spur revitalization in the south end of the city by selling a former shopping center and a hospital for redevelopment might be getting closer to fruition.
A $9.2 million deal to sell both city-owned properties at Rivers and McMillan avenues — the former Pinehaven/Shipwatch Square shopping center and former Naval Hospital — was announced in December but the sale hasn’t been completed.
Mayor Keith Summey said the hospital property has been the cause of the delay, but the developers are ready to close on the now-vacant shopping center site.
“They are still doing due diligence on the hospital, testing some fibers for asbestos,” the mayor said during a city budget meeting. “They (the developers) came in and said they would like to go ahead and close on Shipwatch in the next 30 to 45 days, but I told them they need to close on both.”
Mount Pleasant attorney Rick Brownyard, the local representative for buyer Chicora Gardens LLC, was out of town today and could not be reached for comment.
The city has been trying to lure a full-service grocery store to the shopping center site for years. The Naval Hospital was just purchased by the city in October after the federal government put the vacant building up for sale.