New Markets Tax Credit Coalition

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Limehouse Produce

Purchase of the former site of the Charleston Naval Exchange Building on Carner Avenue for the development of a multi-faceted agribusiness program.

Investment

  • NMTC Amount: $9,000,000
  • Total Project Cost: $10,161,839

IMPACT

  • 67 FTE jobs
  • 39 construction jobs
  • 175,000 sq. ft. of real estate

Investor

Project Description

In 2015, Limehouse Produce purchased the former site of the Charleston Naval Exchange Building on Carner Avenue for the development of a multi-faceted agribusiness program. Limehouse Produce, which provides conventional row crops, local specialties, fresh herbs and dairy products to Charleston area restaurants, will rehabilitate the abandoned 127,156-sq.-ft. Exchange Building into a food hub with additional tenant space for locally owned businesses and nonprofits at reduced rental rates. It also build a new 49,556-sq.-ft. produce distribution and cold storage facility, with the total project encompassing over 175,000 sq. ft. on 14.6 acres. As a “first-mover” in this distressed neighborhood, the economic impact of this project is tremendous.

MAP

Address: 2650 Carner Avenue, North Charleston, SC 29405

Census Tract: 45019004300

PDF Profile

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