Four Seasons Delayed and My BOLD 2026 Development Predictions

Demolition of the former Days Inn at 155 Meeting Street has been pushed from late 2025 to early 2026, delaying visible progress on Charleston’s highly anticipated Four Seasons Hotel and Residences. The project, which will be South Carolina’s first Four Seasons, is now expected to be completed in 2029, a year later than the timeline shared last summer.

While demolition is still ahead, work has already begun underground. The developer, Strategic Property Partners, is starting with upgrades to the city’s stormwater system, a necessary first step before the site can be cleared. Once that infrastructure work wraps up, demolition of the long-vacant motel near Horlbeck Alley is expected to follow.

Momentum is also building off-site. A sales office for the private residential portion of the project is being built on a nearby King Street property and is expected to open in early 2026. At the same time, archaeological work will be coordinated with the city and local preservation groups to document any historic elements uncovered during site preparation.

To manage the impact downtown, the developer has secured a long-term staging area off Market Street and plans to route construction traffic behind the Meeting Street Inn. City staff and contractors have been coordinating logistics for more than a year, setting the stage for full construction once demolition begins.

_{*This report is per Megan Fernandez at the Post and Courier. Read the full article HERE}

2025 saw a lot of movement in the projects and developments arena. Lots of announcements, just waiting on more movement. These are my 5 bold predictions of what we could see this year.

Mall redevelopment plans went through the design review board way back in October of 2024…and then we had radio silence. We now know the possible reasoning, with the announcement last month of MUSC purchasing around 75% of the mall and parking, with Target, Belk, and Dillard’s owning their own portions. MUSC said they will be using the old SEARS for the hospital, but that leaves the rest up in the air.

With such a massive investment ($83m+ purchase price) it’s hard to believe they will let the mall stay as is. I think we are going to hear some more news in the next few months about other plans they have for their newly aquired asset.

This past year, we had a few sporadic updates regarding Union Pier. From the newly adopted “Urban Waterfront Future Land Use District” at the beginning of the year to the October letter written by Ben Navarro on the Beemok Capital website and syndicated to the Post & Courier about the intentionality of development of the property. (Read that HERE)

While it was all welcome news, we haven’t had BIG news about it since it was announced that Navarro was purchasing the property. I think that might change in 2026…but probably not until towards the end of the year. A few things have pointed towards the sale being finalized in 2027, which is why I think we have to wait for big news. What news will it be? No clue. But I think we are well overdue.

The Charleston airport is expanding with the new terminal and parking for seemingly a million more cars. That alone, to me, points to more travelers and more destinations. But one thing points towards more international travel, and that is the addition of the Global Entry Office, a strange addition to an airport with very few international options.

Right now, we have 3 direct international destinations: Toronto, Bermuda, and Cancun, coming soon. So does the Global Entry Office signal that we may be getting more? We can hope! Earlier this year, the airport’s destination wish list was published, which included these 5 international destinations: London, Paris, Zurich, Munich, and Frankfurt. Fingers crossed I’m right on this one! 🤞🏻

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With it being only 3 days since the end of the year, I am still going through all the data from the past year and the year-over-year changes from 2024 to give you a full picture and end-of-year data. Expect that in the next week or 2. BUT, there are a few things to note about what I’ve seen, I want to share:

This doesn’t paint the whole picture, but it does paint an interesting one. Almost everything pointed towards a slight downturn (note I didn’t say crash). We had demand stay relatively the same, supply rising, time on market rising, and the average list to sale price was only down .5% over last year, while the months of inventory spiked, although still within the “seller’s market” statistical threshold. All of these things should point to prices seeing more of a plateau, right? Well, for us in Charleston, a 5% increase can be seen as a plateau. The 2025 gain of 5.1% is actually right in line with Charleston's long-term historical average of 4.7%, suggesting a return to normalcy after the pandemic volatility.

If you want to see the data from your area, click the graph below, and you can search for any area you want…even if it’s outside of Charleston.

Want to know when I think the best time to buy or sell is going to be in 2026? Reply to this email, and we can discuss!

1) Buying a Home - If you’re planning a move in the next 12-18 months, it’s never too early to start chatting.

2) Market Conditions - I can send you a quick snapshot of what’s going on in your neighborhood or area.

3) Request an Update - Share a lot or address, and I’ll research what’s being planned or built there

Until Next Week,

-Bill Olson

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