Leasing agent gives update on Platt Springs Crossing project through leasing agent NAI Columbia

Red Bank, SC 08/20/2024 – According to leasing agent NAI Columbia, Platt Springs Crossing, a highly anticipated 57-acre mixed-use development, is taking shape in the Red Bank area of Lexington County, SC. Spearheaded by Lexington Land Development Company, a partnership between Ben Kelly, CCIM, and Patrick Chambers - both Shareholders in NAI Columbia - the project will transform the local landscape with a dynamic blend of retail, food service, fitness, medical facilities, and residential spaces.

Located between 5400 and 5470 Platt Springs Road, the development features a 51,000-square-foot Lowes Foods grocery store, which will serve as the anchor tenant. Additionally, the development will include 10,000 square feet of retail space next to Lowes Foods and an 8,400-square-foot outparcel dedicated to medical-related retail.

Platt Springs Crossing is set to welcome a diverse range of tenants, including well-known brands such as Chipotle, Heartland Dental, Well Street Urgent Care, Firestone, Planet Fitness, What A Burger, Tidal Wave Car Wash, Panda Express, Harbor Freight, Big Blue Marble Academy, and a regional bank. Several more retail and outparcel users are expected to be announced in the coming months.

The residential component of the project includes the development of 142 townhouses, further enhancing the community appeal of Platt Springs Crossing. Sitework for the townhomes is scheduled to begin next month, with the first few units expected to be delivered in the 3rd quarter of 2025. Though Lexington Land has selected a builder for the townhomes, the announcement is not public yet.

The overall project, with an estimated cost of $65 million, is well underway, with site work construction now 60% complete. Vertical construction has already begun on Chipotle, and the next wave of developments—including Panda Express, What A Burger, Harbor Freight, Big Blue Marble Academy, and the medical retail space - are set to break ground within the next 60 days. Lowes Foods is projected to begin construction on August 15, 2024.