Categories: Breaking NewsEconomyNewsPolitics

Charleston’s Meeting Street Manor Extension Faces Redevelopment

Render of Charleston's Meeting Street Manor Extension redevelopment plan

News Summary

The Charleston City Housing Authority is set to redevelop the Meeting Street Manor Extension public housing complex, transforming 44 old units into 80 new housing units. While the initial proposal for 230 apartments and retail space hit financing snags, the new plan targets low-income tenants alongside moderate-income and market-rate housing. This initiative is part of Charleston’s broader commitment to affordable housing and community revitalization efforts.

Big Changes on the Horizon for Charleston’s Meeting Street Manor Extension

Well, Charleston, get ready for some news! The Charleston City Housing Authority is making moves to shake things up at the Meeting Street Manor Extension public housing complex, located right at the bustling intersection of Meeting and Romney streets. This complex, which has been around for years, holds 44 units that are going to be demolished as part of a redevelopment initiative. Yes, you heard that right!

A Grand Vision, But…

The original concept was nothing short of ambitious—imagine a 230-apartment complex complete with retail space and a parking garage. Sounds fantastic, right? Unfortunately, financing problems have put the brakes on those grand plans. The development group in charge, Cohen-Esrey, ran into some hurdles that derailed their initial vision for this prime piece of land.

New Plans for More Units

But don’t lose hope just yet! The new plan is still exciting. Rather than the 230 apartments initially proposed, the housing authority is now looking to replace those 44 existing apartments with a total of 80 new housing units. The focus here is to provide homes not just for low-income tenants but also to include moderate-income workforce housing and even market-rate apartments. It’s all about keeping the community’s needs in mind while expanding opportunities for everyone!

Staying Within Reach

The complex is nestled conveniently near Meeting Street Academy and across from the Atlantic on Romney apartment complex. So, it’s in a pretty good spot! With the new proposal, about 44 of the 80 apartments will have income restrictions, ensuring that low-income tenants still have a place to call home through federal housing vouchers. Talk about making an effort to keep things affordable!

Rethinking Development Strategies

In September, the housing authority selected Cohen-Esrey to start this ambitious $90 million development plan. However, various financing challenges resulted in a change of heart. The proposed tax credit financing to support the new 80-unit plan simply didn’t pan out as hoped. As a result, the authority is contemplating another round of proposals to tackle the redevelopment. It seems like they’re determined to bring positive change to the area!

Big Picture Goals

This isn’t just about reconstructing a single complex. The Meeting Street Manor Extension is part of a much larger goal to transform public housing in Charleston entirely. The shift in focus is moving from a model where the housing authority owns properties to a more landlord-based model. This kind of change could significantly impact how public housing works in Charleston moving forward.

A Broader Initiative

It’s also worth noting that the Meeting Street Manor complex is linked to a larger redevelopment initiative named Morrison Station. This effort aims to bring over 1,116 apartments catering to various income levels while focusing on revitalization that benefits the community as a whole. Integral Group has been tapped as the master developer for Morrison Station, signifying a need for holistic development that includes essential community assets like grocery stores and parks.

Affordable Housing Expansion

As part of the city’s commitment to affordable housing, another project is in the works. The Huger Street Affordable Housing Project seeks to replace just 12 apartments but aims to boost the number of affordable units to 77, with a total project cost projected at around $31.2 million. With initiatives like these, Charleston is really making strides toward meeting the housing needs of its residents.

So, there you have it, Charleston! While we may have to say goodbye to the old Meeting Street Manor Extension, there’s plenty of new and exciting development in the works. With a focus on inclusivity and community-centered growth, Charleston’s housing future is looking bright!