Major commercial and retail project coming to North Charleston
November 11th, 2008Tuesday, 11 November 2008
By Ashley Fletcher Frampton
SCBIZ News Staff
NORTH CHARLESTON — The city of North Charleston will announce plans today for what officials are calling the largest commercial development in the state’s history.
A news release from the city Tuesday said the project is a joint venture between the Weiser Cos. and Weber USA.
The Weiser Cos. developed North Charleston’s Center Pointe, which includes the Tanger Outlets. Weber USA is the real estate division of Weber Automotive, a German-based manufacturer of automotive parts with a plant in Summerville.
The project will be on about 450 of the 1,800 acres Weber USA owns near Interstate 26 and Ashley Phosphate Road, said Eric Meyer, president of Weber USA. The Weiser Cos. will be the developer, he said.
The project is commercial and retail and not an expansion of the manufacturer’s plant, said Elliott Summey, vice president of business development for the Weiser Cos. Summey said the land is now vacant.
Meyer said no tenants are confirmed yet, but agreements are in the works.
Officials declined to offer more specifics until the announcement, set for 1 p.m. Tuesday at the North Charleston Coliseum.
The city’s news release said the project would be triple the size of the Centre Pointe development, which has brought more than 2,000 jobs to the area. Summey said the new project likely will bring three times that many jobs.
“This development will have a tremendous economic impact throughout the Lowcountry,” North Charleston Mayor Keith Summey said in the news release. “We are proud to have the opportunity to work with these companies in bringing new economic vitality to North Charleston.”
Elliott Summey, who is the mayor’s son and who was elected to Charleston County Council last week, said the city is not a partner in the development but has supported the joint venture.
The younger Summey said the companies are confident in the development, despite the current economic turmoil.
“North Charleston’s economy is still very strong,” he said. “Charleston’s housing market is very strong, even though it’s not as strong as it was.”
Meyer said the principals in the deal are taking a long-term view on the project and believe the economy has hit bottom already.










