Newspaper article Charleston Gazette Mail

Restaurant Company Plans Development, Jobs ; Deal with Nashville-Based Company Could Further Revitalize East End

Newspaper article Charleston Gazette Mail

Restaurant Company Plans Development, Jobs ; Deal with Nashville-Based Company Could Further Revitalize East End

Article excerpt

Soon, vacant buildings in Charlestons East End could see new tenants.

Fresh Capital Group, a commercial real estate development company that also invests in fledgling restaurants, has entered into an agreement with the Charleston Urban Renewal Authority to redevelop 1601-1609 Washington St. E., across from Bluegrass Kitchen, and construct a building expected to house two restaurants on the 1300 block of the same street, the Gazette-Mails Elaina Sauber reports. But first, Fresh Capital Group and CURA have some preliminary work to complete, and Fresh Capital could still back out of the deal.

Fresh Capital has 180 days to evaluate the property and put together a deal, then close on the properties and meet construction time lines. However, the company has paid CURA a purchase deposit for each property, and CURA directors say its unlikely the group would end the deal.

For years, CURA, business owners and community groups have worked to revitalize the East End. …

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