Shore Restaurant’s return to St. Armands Circle, as Shore co-founder Tom Leonard describes it, could be the beginning of a much-needed revitalization of the shopping and dining district.
“It’s time for a little love on the Circle,” Leonard said.
Leonard is showing his love with an investment to develop the old Chase Bank building at Madison Drive and North Boulevard of the Presidents. Leonard has not disclosed the price tag of the development yet, but “it’s up there,” he says. A main driver of that high cost is floodproofing measures including water-resistant windows that cost $500 per linear foot to install “that basically makes your building an aquarium.” The floodproofing measures are sufficient to meet FEMA’s 51% rule, Leonard said…