The town of Mt. Pleasant will soon be the home of a new mixed-use development, the construction of which should begin by late 2015.
Johnson-Mount Pleasant Investments, LLC, an affiliate of Spartanburg’s Johnson Development Associates, has purchased about 38 acres along Highway 17 in Mt. Pleasant out of bankruptcy court. The property, known as the Gregg Tract, sold for $11.5 million.
The mixed-use space is expected to include:
- 456-unit apartment complex
- 123-room hotel
- 600-unit self-storage facility
- 62,000 square feet of retail space
- tech incubator for startups and tech firms
- 1 acre of green space
- 9.5 acres of pond space for stormwater relief
The development company consulted with Mount Pleasant residents, who said they would prefer to see smaller boutiques and restaurants as opposed to big-box stores. A grocery store is expected to anchor the commercial space, which will also include retailers, boutique shops, and restaurants.
Construction is expected to begin by late 2015 in order to open in 2016.