North American Properties to Develop $1B Mixed-Use Project in Charleston’s Upper Peninsula

Charleston, S.C. — North American Properties – Atlanta has unveiled plans to develop Lorelei, a 160-acre, upscale mixed-use project located on Laurel Island in Charleston.

The project’s estimated value totals more than $1 billion, according to sources familiar with the development. The waterfront property is central to the port of Charleston and offers views of the Arthur Ravenel Jr. Bridge. The development will consist of retail, chef-driven restaurants with waterfront patios, a hotel, meeting space, loft and Class A offices, multifamily residences, condominiums and single family homes, community gathering space, biking and hiking trails and entertainment venues.

A food hall is planned for the project, and will be designed and curated in collaboration with local restaurateur Steve Palmer. Boat access and ample parking will also be available to visitors. Fred Kent, founder of Project for Public Spaces, and Jeff Speck, author of Walkable City, have been tapped to help with the design of the project. Project construction is expected to begin upon clearing regulatory and financing hurdles.

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