CHARLESTON, W.Va. -- Someone is definitely interested in building a multi-story, multi-use building on the site for the former Holley and Worthy hotels on Quarrier Street, but Charleston Urban Renewal Authority board members are taking their time negotiating with the as-yet unidentified developer, CURA Director Jim Edwards said.
Board members made no deal to sell the hotel property, and the mystery developer who submitted the only proposal for the Quarrier site nearly two weeks didn't attend CURA's monthly meeting Wednesday.
"There was just the one proposal; there was no need for a formal presentation because there's no competition," Edwards said later when asked about the developer's absence.
"The board is interested in that project and began the negotiation process. There's no urgency for it.
"If it comes to fruition it will be a very positive development for downtown as a whole and certainly for that site, and it will all be privately financed."
Edwards previously said the developer's plan meets the requirements listed in CURA's request for proposals -- at least 80,000 square feet, at least three stories, built out to the sidewalk with stores, restaurants or other active uses on the first floor.
In a related matter, Edwards said state urban renewal law does not require CURA to sell property at its appraised value. The question has come up several times in recent meetings, he said, as CURA has tried to sell downtown property for redevelopment.