Town center coming to Goose Creek

Monarch Development LLC plans to build a town center on 60 acres in Goose Creek at the intersection of U.S. Highway 52 and Montague Plantation Road.

The community, located within the Goose Creek city limits, will have a mix of residential and commercial properties connected by sidewalks and parks.

"It’s a true town center concept,” said Jamie Price, managing partner of Monarch Development.

The $45 million project, called Monarch Plantation, is expected to take about two years to complete, Price said.

Monarch is negotiating with a supermarket and a drug store to anchor the 11 acres of commercial space at the development, which is also expected to include a bank. The project will contain 400 residential units, including three-bedroom town homes and one-and two-bedroom condominiums located above office space.

Monarch is also redeveloping Shipwatch Square, formerly Pinehaven Shopping Center, on Rivers Avenue in North Charleston. The new, mixed-use development will be called Chelsey Point and will include 280 one- and two-bedroom condominiums. Commercial tenants will include Eckerd, which has announced plans for a 14,000-square-foot drug store at the development’s corner, a space formerly occupied by a bank.

Town center coming to Goose CreekTown center coming to Goose CreekThe north area projects are a new niche for Monarch, which is also completing construction on two condominiums with ground-floor retail space at its Corinne Street project in downtown Charleston. Monarch built 35 homes on 1.18 acres at the development at the intersection of Morris and Coming streets. The development sold out in September 2006.

as provided by Charleston Regional Business Journal