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8-story hotel addition planned behind Charleston building where restaurant deal fell apart | Real Estate


An eight-story addition is planned on the back side of a three-story downtown Charleston building where a nearly $6 million restaurant deal recently fell through.

A firm called Basic Investments LLC is asking the city’s Board of Zoning Appeals for a special exception to add 36 hotel rooms at 438 King St.

The 32,137-square-foot addition would sit behind the existing 8,675-square-foot structure. Plans call for 32 parking spaces on site and an additional 10 in nearby garages for employees. Parking is accessible via John Street. A small parking deck with eight four-level lifts is planned.

Site plans show a retail space on the ground floor on King Street with access to the hotel lobby from a side entrance off King. A 1,525-square-foot restaurant dining area and a 720-square-foot kitchen would sit behind the lobby. A courtyard is planned between the hotel and the parking area.

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The upper two floors of the existing building would be converted to hotel rooms.

The prominent downtown property became available earlier this year after a deal fell apart to bring a Miami-based restaurant called Le Chick to the site.

Le Chick’s founders bought the building for $5.985 million last August, but the dining deal fell apart.

The structure is listed for $6.45 million by Palmetto Commercial Properties. Agent Joe Keenan said a sale is pending. He declined to discuss the proposed details.

The Board of Zoning Appeals will consider the request July 19.

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