Walgreens to anchor King and Calhoun site

Walgreens will occupy the central first-floor space of the long vacant, former Millennium Music building at the busy intersection of Calhoun and King streets.

Walgreens, a drugstore with the mantra "at the corner of happy and healthy," soon will be at a high-profile corner on the Charleston peninsula.

Plans filed with the city show the pharmacy giant will be the anchor of the former Millennium Music building at 380 King St. that's being redeveloped for multiple tenants.

Walgreens will occupy the central first-floor space with the main entrance facing King and Calhoun streets across from Marion Square.

The property is being redeveloped by an affiliate of Roswell, Ga.-based Werner Real Estate Holdings, which paid $12 million for the building in 2006.

The owners could not immediately be reached for comment Thursday.

City planner Tim Keane said Charleston officials made an effort to attract other businesses to anchor the site.

"All different types of tenants have been discussed for that property for years," Keane said. "We did work with the property owner to get some other anchor tenants for that corner, and none of those could work out."

He added that the city has ensured that the drugstore's architecture and concept will be up to the city's standards.

"It's going to be a very nice store, and they've committed to us to make it a neighborhood market type of operation," he said.

Plus, the peninsula could use another drugstore, he said. The closest is a CVS at George and St. Philip streets, near the heart of the College of Charleston campus.

"There's certainly room for more drugstore types on the peninsula, from a market standpoint," Keane said.

The King and Calhoun property has served as a retail destination for more than a century. The existing three-story complex was built in 1955 for department store W.T. Grant, which closed when the chain failed two decades later. It later was repositioned as a small mall, but it had outlived its usefulness by the mid-1990s. The last major tenant, Millennium Music, moved out in 2008.

"We've had an unused vacant space on that corner for many years, so we're excited it's going to be active again and a market that a lot of people will use," Keane said.

The complex, which Keane said could be completed by the end of the year, could also include two restaurants.

Chipotle Mexican Grill, a fast-casual Southwestern-style dining chain, is moving into an adjacent 3,000-square-foot space along the King Street side of the building.

Developers working on the project have said that a two-story restaurant could occupy the second and third floors along the Calhoun side.

Details about other potential tenants were not available.

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