An enormous-box retailer is able to welcome clients to its first small-format retailer in South Carolina.
Target Corp. will open its compact downtown Charleston store May 15 on a distinguished nook at King and Market streets in Majestic Square, in accordance with an organization consultant.
The Minneapolis-based firm introduced in March 2021 it had leased 30,000 sq. ft the place teen retailer Forever 21 operated for 9 years at 211 King earlier than closing in 2020 shortly after the COVID-19 pandemic started.
The Beach Co. of Charleston developed and owns the property.
The firm typically opens the smaller shops in dense city and suburban neighborhoods in addition to close to faculty campuses.
The usually pedestrian-heavy web site is throughout from The Charleston Place Hotel, which modified palms final fall for $350 million, and close to the College of Charleston.
The retailer’s 1,900-store footprint throughout the U.S. consists of greater than 140 small-format retailers, with about 30 of them close to faculty campuses.
The compact shops typically supply groceries, together with recent produce, beer and wine, in addition to house items equivalent to sheets and bathtub towels, tech equipment, clothes, toiletries and different gadgets.
“As we get closer to opening the store, we’ll have more specific details to share, including how the shopping experience will be tailored to serve local guests,” a spokeswoman mentioned May 3.
Target has 4 standard-size shops within the Charleston space in Mount Pleasant, North Charleston, Summerville and West Ashley.
The downtown retailer opening comes amid different retail modifications not too long ago on King Street.
The downtown Charleston constructing, the place Miami-based Le Chick restaurant deliberate to arrange a brand new location after paying almost $6 million for the three-story construction final 12 months, is again in the marketplace and has a sale pending after the restaurant plan fell by means of.
Pauline Books & Media at 243 King, one block north of Majestic Square not too long ago introduced it can shut in early 2023 after 37 years. The property is owned by Daughters of St. Paul Religious Trust of Boston, who purchased the almost half-block-long property in 1984 for $750,000. Plans for the construction as soon as its vacated haven’t been introduced.
Just a little farther north, a Virginia-based restaurant referred to as Bartaco plans to open in an iconic constructing at 304 King. An affiliate of Gindi Capital, a Manhattan-based actual property funding agency, purchased the constructing in 2021 for $2.66 million. An opening date for the brand new eating venue has not been introduced.
At 438 King, the homeowners of Miami-based restaurant Le Chick are now not opening a brand new eating institution on the web site after paying $5.985 million for the three-story construction in 2021. The constructing is in the marketplace with a doable sale pending.