CHARLESTON, SC (WCSC) - The City of Charleston and the Beach Company have reportedly reached an agreement on the development of the Sgt. Jasper site downtown.
Sources say the so-called "Short Stack plan," a modified "Plan B," will be the blueprint for construction. An agreement has been drafted, but nothing is set in stone until it goes through the approval process, according to the company.
The plan calls for The Beach Company, which owns the property, to construct some buildings on St. Mary's field and to use a portion of the field for a waterfront park.
"We are grateful to the City for its efforts working together with us on a proposal that not only best fits the needs of Charleston, but also respects property rights and due process," Beach Company CEO John Darby said. "We look forward to the meeting and working with City Council on a resolution."
According to the Beach Company, the plan is similar but not identical to the one rejected by the Charleston Board of Architectural Review rejected one year ago. The new plan would call for the existing building to be demolished and a new building roughly the same height to be constructed. That new building would be a mix of residential and retail space. Board members denied that plan on June 3, 2015 by a 3-2 vote, claiming the height, scale and mass of the project were too much for the site.
The new plan is expected to be presented to Charleston City Council for approval at a special meeting Tuesday night at 7:30 p.m. If council approves the revised plan, it would then go back to the BAR for consideration.