It won’t be a secret for long: One of Fayetteville’s best-known eateries may be opening a new spot on Charleston’s West Side.
Secret Sandwich Society owner Lewis Rhinehart says he’s pursuing some avenues that could lead to another location in the former Staats Hospital on Washington Street West in Charleston’s Elk City District.
“It’s very, very preliminary. I’m heading in that direction, but there are no guarantees at this point,” Rhinehart said. Developer Tighe Bullock, whose company Crawford Holdings LLC owns the Staats building, approached Rhinehart a few months ago.
The Tamarack Foundation for the Arts is already planning to develop a creative business incubator in the Staats building once it reaches its $100,000 fund raising goal.
With the building’s first floor renovated and ready for leaseholders, Bullock offers prospective tenants a unique financing incentive.
A one-percent interest loan from the Charleston Urban Renewal Authority permits Bullock to keep construction costs low enough when restoring commercial buildings so that occupants also benefit. The costs to tenants for building out their space, Bullock said, can be used as “prepaid rent” for a three-year period.
“It allows tenants to build out the space, but not pay more than they would normally pay just to occupy a space. It’s a really good business model,” Bullock said…
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