Downtown Charleston Development offers a qualified investor the unique opportunity to acquire prime development land in an extremely high barriers-to- entry location. Downtown Charleston has a scarcity of development sites as well as strict zoning and planning limitations. This area also has strong demand for hotel rooms, with a market revenue per available room (RevPAR) that surpasses the top 20 markets in the nation, according to the STR report.
Tourists continue to flock to Charleston, which was rated the “World’s Best City” by Travel + Leisure in 2016 and attracts 5.1 million visitors annually. The site is in a strong demographic area with 130,242 residents with an average household income of
$77,123 within a five-mile radius.