April 6, 2023
- The city of Charleston has an incredible opportunity to create an iconic gathering place at the intersection of Sam Rittenberg Boulevard and Old Towne Road, but it will require leadership and vision to create the catalyst for this area’s long overdue revitalization.
Located at the intersection of two of West Ashley’s main arteries, the site consists of two tracts that together comprise more than 35 acres: the much smaller Sumar Street site owned by the city (3.5 acres of vacant land commonly referred to as the old Piggly Wiggly site) and the much larger privately owned Ashley Landing property (home to the current Publix shopping center). For years, the highly visible Sumar Street site has been an eyesore that has come to symbolize West Ashley’s neglect on behalf of the city.
This week, the city’s long-delayed updated plans for the redevelopment of the Sumar Street tract were presented in executive session of City Council, and the public price tag has exploded to a reported $45 million — a number that is well beyond the realm of reality. This is due to cost overruns, expensive underground parking and interest rates nearly tripling in the six years since the city took ownership.
At the same time, the owners of Ashley Landing have been under fire for proposing the relocation of Publix, in part to accommodate a high-density market-rate apartment complex. This has resulted in a standstill that has neighbors extremely frustrated with no leadership charting a productive course forward.
I believe there is a solution to this compounding problem: The city needs to insist that these two parcels be designed, engineered and redeveloped together. It is the right thing to do in that it would allow the relocation of Publix (replacing a Big Lots and a Dollar Tree) and the building of a residential and retail product that would be more in scale with the neighborhood (think Avondale). My proposed course of action would include 20% affordable units, more public green space and amenities than currently contemplated in the Sumar plan, a more comprehensive stormwater design to mitigate flooding, better access to public transportation and an exciting opportunity for public art to welcome residents and visitors to an integral part of our city that has been neglected for far too long.
To be clear: I have no vested interest in either property, except that I see an opportunity for a win-win. I have met with many of the concerned neighbors, along with the owners of the Ashley Landing property. All are ready and willing to flush out the details that work for all parties and to adhere to the principles and guidelines outlined in the West Ashley Revitalization Plan, which to date has seen little to no activity.
But the city alone holds the cards as to which way this will go: It owns the Sumar Street site and more importantly can dictate, through a development agreement, where future tax-increment financing funds will go. The city’s current plan is, in my mind, a highly irresponsible use of public dollars in that whatever limited TIF funding is produced would all be needed to subsidize an over-market project that doesn’t come close to working financially. It is yet another example of a ham-fisted government solution that is well beyond a day late and well over a dollar short.
By comparison, what I have outlined will provide far more revenue (about $3 million annually) that could be used to ensure a lower height and scale residential-retail product complete with a real component of affordability and more public space and amenities than the city’s Sumar plan. It also could provide street, sidewalk, public transportation and drainage improvements, as well as an awesome opportunity for public art at the “suicide merge” that slows traffic and welcomes people to West Ashley. Thirty-five acres versus 3.5 acres transformed in a fiscally responsible way that adds to and enhances our city’s character is hard to argue with.
The question is: Will city leadership continue to stand back and let the higher-density option with no affordability component move forward, which the owner can do by right, while the city continues to fumble its own redevelopment next door, which it has been planning for more than six years with nothing to show except a blown budget?
Or will the city take off its blinders and recognize the incredible leverage it has to make a more comprehensive and mutually beneficial plan happen?
We need leadership and vision — this is a world I know — and, to me, the answer is crystal clear.
William Cogswell, a developer and former S.C. House member, is a candidate for mayor of Charleston.