A Charleston real estate firm has big plans for an aging shopping center on Ashley Phosphate Road, transforming it into a future destination for family entertainment, shopping and dining. Woodlock Capital is thinking along the lines of Mount Pleasant Towne Centre — if all goes according to plans.
To move the vision forward, the firm has purchased Festival Centre in North Charleston for $21.75 million — its largest acquisition to date. The anchor tenant, an entertainment venue, is already locked in to bring the concept to life.
The high-profile 325,347-square-foot retail property is at 5101 Ashley Phosphate Road in Dorchester County. Plans include mini golf, go-karts, arcade games as well as additional restaurants, coffee shops, apparel stores and pickleball venues that will further drive traffic.
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Real Estate Matters in Charleston SC - Gena Glaze 