pc-031318-bz-realestatecolumn (copy)

Charleston's Board of Architectural Review will consider a request Wednesday to tear down the structure at 284 Meeting Street to make way for a mixed-use development. The building sits beside The Bicycle Shoppe. Leroy Burnell/Staff

Another mid-20th-century building in downtown Charleston could face the wrecking ball.

The owner of a one-story brick structure at 284 Meeting St. — 284 Meeting Street Association — won preliminary approval last week from the city's Board of Architectural Review for permission to tear down the building and make way for a new commercial and residential development, possibly a handful of condominiums.

The existing building dates to the early 1950s and sits beside The Bicycle Shoppe south of Calhoun Street. The site is listed for just under $4 million and could house a building with three floors of living space above ground-floor retail and parking.

Other recently approved demolitions for structures built during the middle of the past century include the former Veggie Bin on Society Street and a strip of buildings on Upper King Street owned by the parent of The Post and Courier. Both of those sites are slated for commercial and residential development, much like the Meeting Street site, though on a larger scale.

Engel & Volkers (copy) (copy)

European-based luxury real estate firm Engel & Volkers is now operating in the Charleston market. Its new office is in Mount Pleasant. Leroy Burnell/Staff

On the high end

Sign up for our new business newsletter

We're starting a weekly newsletter about the business stories that are shaping Charleston and South Carolina. Get ahead with us - it's free.

The skyrocketing cost of housing in the Charleston market has caught the eye of a European luxury real estate firm.

Germany-based Engel & Volkers is opening a new office at 629 Johnnie Dodds Blvd. in Mount Pleasant. The company celebrated its grand opening Thursday in a former Radio Shack retail store.

The real estate company specializes in premium residential property, commercial real estate, yachts and aircraft. With more than 800 locations, the company operates in over 30 countries on four continents.

Reach Warren L. Wise at 843-937-5524. Follow him on Twitter @warrenlancewise.