Maverick Southern Kitchens has ditched plans for a restaurant in a new high-profile development in Mount Pleasant, citing delays that would have pushed the opening back by several months.

Charleston-based Maverick had been planning since the summer to expand into the first floor of The Boulevard, a mixed-use property that's viewed as a key part of the town's revitalization plans for the Coleman Boulevard corridor. A temporary banner had been hanging from the front of the building for weeks promoting the unnamed dining venture.

"When we learned the process was delayed an additional four to five months, we decided the restaurant could not wait that much longer," Dick Elliott, Maverick's president, said in a statement Thursday. "We were excited to be part of the revitalization of Coleman Boulevard, so we're disappointed that won't happen."

Maverick group signed a lease for the space in June, and construction was supposed to begin in September. But contractors determined that a new architectural design was needed in order to accommodate the establishment.

Those plans were approved in mid-January, just before The Boulevard was sold for $66.5 million to an affiliate of Chicago-based property investment firm Heitman Capital Management.

Although the previous owners approved the design, the new owners, TR Boulevard Corp., said construction would take at least another four months to complete.

Elliott said the landlord agreed to terminate the lease.

Maverick already operates a Mount Pleasant restaurant, Old Village Post House on Pitt Street, as well as Slightly North of Broad and High Cotton in downtown Charleston.

Reach Abigail Darlington at 937-5906 and follow her on Twitter @A_Big_Gail