Isle of Palms Marina Restaurant Lease

Milestone timeline:

City Council approved a contract with Hill Construction to conduct an assessment of the restaurant building.
Completed: Nov 27, 2018
Nov 27 2018
City Council approved a contract with Lee & Associates to assist and advise the City through the Request for Proposals process for the Isle of Palms Marina restaurant lease.
Completed: Apr 24, 2019
Apr 24 2019
Hill Construction presents building assessment report to the Real Property Committee.
Completed: May 1, 2019
May 1 2019
City advertises a Call for Offers to seek proposals to lease the marina restaurant building and dock space.
Completed: Jun 12, 2019
Jun 12 2019
Deadline for submission of proposals. The City received three (3) proposals.
Completed: Aug 30, 2019
Aug 30 2019
City Council holds a Special City Council meeting to allow a public presentation of the three (3) proposals received.
Completed: Sep 26, 2019
Sep 26 2019
City Council voted for the City to enter into exclusive negotiations with the IOP Families Group (Lorenz & Bushnell) and begin the due diligence period.
Completed: Dec 10, 2019
Dec 10 2019
City Council engaged Haynsworth Sinkler Boyd as real estate attorneys to assist in the development of the new marina restaurant lease document.
Completed: Jul 27, 2020
Jul 27 2020
City presented the first draft of the lease to the IOP Families Group for their review.
Aug 21 2020

The City of Isle of Palms owns the Isle of Palms Marina located on 80 41st Avenue. The site includes a waterfront restaurant on the Intracoastal Waterway, one of the best breathtaking public restaurant sites in the Lowcountry. The restaurant site includes a dedicated dock space along the Intracoastal Waterway and is adjacent to the Isle of Palms Marina and Market Store. 

The City is eager to welcome a partner to create a family friendly restaurant for residents and visitors to enjoy. 

City Council is excited to be negotiating exclusively with the IOP Families Group, represented by island residents Jon & Bridget Bushnell and Dave & Chrissy Lorenz, who plan to open a new restaurant between Spring and Summer of 2021. 

Project Updates

Real Estate Attorney Drafting Lease Documents
Tuesday, July 28, 2020