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Three-story St. Armands redevelopment plan faces FEMA 50% obstacle
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Three-story St. Armands redevelopment plan faces FEMA 50% obstacle
Bottom lineKey takeaway: The owners of Shore, a St. Armands Circle restaurant and retail store heavily damaged from storms in 2024, are looking to rebuild — bigger and taller — in a new location.Core challenge: The project will need to comply with a FEMA rule that states if repairs or improvements to a building in a flood zone cost 50% or more of its pre-damage/pre-improvement market value, then the entire structure must be elevated and brought …
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