MEDIA COVERAGE ASSOCIATED WITH DEVELOPMENT OF 1450 Meeting Street in Charleston, SC
CHARLESTON — Redevelopment plans for a mixed-use project to replace the former Pepsi Co. bottling plant on Meeting Street have received preliminary approval.
The property owners Catalyst Development Partners returned before the Design Review Board Oct. 5, requesting the green light to build a mixed-use development at 1450 Meeting St. Designs call for 332 residential units in a five-story building with a greenspace leading into a two-story retail space. [View Full Article - Download PDF]
”Former Charleston Pepsi bottling property sells for $13.5M,” Post and Courier, July 7, 2026
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CHARLESTON — The vacant Pepsi bottling plant on the upper peninsula has changed hands for the second time in six years, this time for $13.5 million as plans to redevelop it into a mix of residential and retail projects move forward.
The property, located at 1450 Meeting St., sits on an evolving corridor that’s seen a mix of new offices, event spaces like The Refinery, restaurants, breweries and more.
The vacated property has been unused since an entity of White Point Partners, a real estate investment firm out of Charlotte, purchased it for $8 million in 2020. They had plans to build apartments, office and retail spaces, Jay Levell, co-founder of White Point, previously told The Post and Courier.
Pepsi had occupied the still-standing warehouse since the 1960s, but relocated soon after the sale to Palmetto Commerce Park in North Charleston.
While White Point’s redevelopment plans had gone before the city during the firm’s ownership, the project never materialized.
Now, the buyer, Atlanta-based Catalyst Development Partners — which focuses on market-rate multifamily real estate development — plans to push its own variation forward, said Andrew Batkins of Woodlock Capital in Charleston, which served as the broker in connection to the sale.
Catalyst met with the city’s Design Review Board as recently as April 6 to propose conceptual approval for two one-story retail buildings facing Meeting Street and a five-story residential building with 300-plus units behind them.
Additionally, the board had concerns about the residential building’s proximity to a cemetery, and that the back wing was too close to the lot line. The vacant bottling plant currently on the site sits right on the line, the board noted at the meeting, and the DRB staff requested, out of respect for the cemetery, that the much taller building that will be erected in its place not be so close.
The Meeting Street property is Catalyst’s first acquisition in South Carolina, but Batkins noted the firm has a North Charleston site under contact, with plans to pursue further projects in the tri-county area. Catalyst also has a footprint across multiple states, including Alabama, Florida, Georgia, North Carolina, Texas and Virginia.
“1450 Meeting Street sits within one of Charleston’s most-important urban growth corridors,” Batkins said. “The transaction reflects continued investor conviction in Charleston’s long-term fundamentals, particularly in locations that offer access, visibility and future development potential.”
White Point Partners acquired 1450 Meeting St. as part of a strategic investment initiative led by then-partners Levell and Erik Johnson.
The acquisition was meant to be simultaneously a standalone redevelopment and a complement to White Point’s biggest Charleston project, The Quin. Built between 2019 and 2021, the $35 million project comprises a 110,000-square foot, 5-story development on the upper peninsula adjacent to the US Food’s Chef Store on Meeting Street.
“When Erik and I acquired 1450 Meeting Street during the uncertainty of COVID, we saw far more than a single asset,” Levell said. “We believed Charleston’s long-term growth would ultimately reward that vision, and it’s gratifying to see that strategy come full circle through this transaction.”
Since its inception in 2014, White Point has invested in more than $1.1 billion in real estate assets.