Those in the market for a pricey antebellum mansion on peninsular Charleston have a little while longer to rob their piggy banks, search their mattresses and look anywhere else for the money to bid on the corner estate.
An auction scheduled for earlier this month for the stately home at 60 Montagu St. didn't take place.
"The seller opted to postpone the auction to give interested buyers/bidders more time for due diligence for such an extraordinary property," according to a spokesman for Elite Auctions, which is handling the sale.
The 9,345-square-foot Gaillard-Bennett House, built in 1801, features six bedrooms and 5 1/2 baths.
Along with the main three-story residence is a restored former kitchen house, carriage house and a reconstructed tack house for all the mechanicals on the property. The 1.25-acre site includes expansive gardens, a newly built pool house and a salt water pool.
The sultry mid-summer is now the time frame for the house to go on the block. It's set for 11 a.m. July 7.
A handful of chicken chain restaurants in the Charleston region now have someone else under their wings.
J. Kevin Heaton of Lexington, through his franchise called Rising Biscuits LLC, recently took over two Bojangles locations in Berkeley County and another in Mount Pleasant from longtime franchise owner Kevin Archer of K-Bo LLC, according to public records.
The two Berkeley locations are at 1211 N. Main St. in Summerville and 432½ St. James Ave. in Goose Creek. The Mount Pleasant site is at 1644 Highway 17.
The property filings show that Bojangles’ corporate office terminated the leases with K-Bo and assigned them to Rising Biscuits. Heaton also owns a company called i3, a resource and investment management firm.
Archer and Heaton did not respond to a request for comments about the restaurants changing hands.
Museum deadline reset
The countdown for a key component of the Medal of Honor Museum has been reset again.
The Patriots Point Development Authority, which owns the land near the Yorktown where the museum is planned, recently extended the deadline for roadwork to access the site.
The lease had a July 1 deadline for starting work to move a section of Patriots Point Boulevard to allow access to the site. The board granted a four-month extension until Nov. 1. This was the second time the deadline for moving the road has been extended.
"We want to make sure everybody gets the message that we need to move forward on this,” Patriots Point executive director Mac Burdette said.
Meeting the new deadline will be a challenge, because of all the steps involved. The project affects both the town of Mount Pleasant, which will help pay to move the road, and the College of Charleston, which operates a sports complex that will lose parking spaces when the road is moved. Once all the parties work out the details, the agreement will have to be sent to Columbia for approval, since Patriots Point is a state agency.
"Nothing is simple here," Burdette said. "We all want to see a Medal of Honor museum built there. As long as we see progress, we can work with them."
The lease also includes a July 1, 2020, deadline for starting construction on the $100 million museum, with an opening date up to three years later. Those deadlines can also be extended if the project demonstrates progress, Burdette said.
Meanwhile, Joe Daniels, the new CEO of the Medal of Honor Foundation, has been meeting with town officials to work out an agreement on the museum’s design. The town’s planning commission voted against the current design because of its height, and a council committee gave the foundation until the first of June to come up with compromise.
Hotel appeal dismissed
The lawsuit against a Charleston city board for approving a new hotel on East Bay Street has been tossed, but that doesn’t mean the battle is over.
Last week's dismissal will be appealed, according to the attorney for the man who filed the legal action.
Ty Hanlan owns property that he was trying sell next to the hotel site at 235 East Bay St. He claimed the board of zoning appeals didn’t consider all the relevant factors when they approved the project last summer, particularly the traffic effect of the hotel’s conference center or employees needing parking spaces.
Judge Roger Young dismissed the appeal May 7, affirming the board’s decision in favor of Pearce Development. Young said the board was entirely correct approving the project after determining it would not cause a significant traffic increase in nearby neighborhoods.
Alice Paylor, Hanlan’s attorney, said she plans to appeal the judge’s ruling.
Young’s dismissal gives ammunition to a suit that Pearce recently filed against Hanlan. Pearce’s May 3 suit claims that Hanlan’s appeal had no merit, and he filed it simply to try to get Pearce to buy his property in exchange for dropping it. But Paylor said it was Pearce who asked Hanlan what it would take to drop the appeal.
The Southeast's growing industrial base and population, combined with record cargo levels at the Port of Charleston, helped the State Ports Authority earn an A1 rating for $293 million in revenue bonds the agency plans to issue this spring.
Credit rating firm Moody's issued the investment-grade rating on Friday and gave the authority an overall "stable" outlook. An A1 rating is considered an upper-medium grade just below the agency's top AA ratings.
In addition to a portfolio of port customers like BMW, Volvo Cars and a cluster of tire makers in South Carolina, Moody's said the rating reflects "the authority's competitive infrastructure and operating model, which supports high productivity and low port charges" and a capital program "that will support its competitive position in the Southeast port market ..."
While the bonds will increase the SPA's outstanding debt, Moody's said the agency's financial figures remain strong and the debt is manageable.
This will be the authority's second bond issue in recent years. The agency also issued $294 million in revenue bonds in 2015.
The latest bonds are part of roughly $1 billion in debt the SPA is taking on to pay for the infrastructure that's needed to keep big container ships visiting Charleston. Among the projects to be funded: a new container terminal at the former Navy Base in North Charleston; strengthening of the wharf at an existing terminal in Mount Pleasant; a new corporate office; and new cranes and other equipment.
Separately, the state and federal governments are spending $558 million to deepen Charleston Harbor to 52 feet, giving the port the deepest waterway on the East Coast.