Developer to Invest More Than $3.4 million
Kuester Commercial, a leading commercial real estate brokerage, development, and property management company in the Charlotte region, announced plans to purchase and redevelop two buildings in historic downtown Chester, South Carolina. The company will invest at least $3.4 million to create mixed-use for retail and commercial space, as well as apartments.
Kuester Commercial is headquartered in Fort Mill, South Carolina, and has been a part of the economic growth and expansion in the Carolinas for more than 40 years. They recently completed their sixth redevelopment project in downtown Fort Mill.
140 Gadsden St is the former Schlosburg’s department store which was built in 1924, while 113 Main St is the former Kimbrell’s furniture store built in 1875. The first building to be redeveloped is the former Schlosburg’s, which is 11,000 SF and has two stories. The ground floor will include an 1809-sq. ft. coffee shop for WorkAbility, a non-profit that focuses upon special needs adults, plus will include an additional 2353 sq. ft. available for a future tenant. The second story will include ten one- and two-bedroom apartments.
We’re taking our playbook we used in Fort Mill. Chester is a beautiful area, beautiful downtown. We see this as a great revitalization for anyone to come into downtown Chester. Our investors are excited.
The City appreciates the Kuester Management Group of Fort Mill’s interest in the City of Chester, bringing its vision and expertise to revitalize these historic buildings. I would also like to thank the County Council for supporting this project and building a stronger community by continuing to work together. We are one Chester!
As you enter downtown Chester, Broad River Mercantile opened in August 2021. With Kuester Commercial’s plans for the former Kimbrell’s at the top of the hill and the former Schlosburg’s in the middle, it will make that whole section of Gadsden Street more attractive to other developers. Downtown Chester is becoming metro Charlotte’s new hotspot for redevelopment.