Lake Frances Properties v. City of Charleston

Lake Frances Properties (“LFP”) instituted this action seeking damages attributed to the rezoning of its property from multi-family to single family development. The trial court found the rezoning did not constitute an unconstitutional taking and granted summary judgment in favor of the City of Charleston (the “City”). LFP appeals. We affirm.

FACTS/PROCEDURAL BACKGROUND

LFP is a partnership that was created for the purpose of purchasing and developing approximately 43.12 acres of land known as Area “C”, located on James Island, South Carolina in the City of Charleston. The contract to sell from…