Target is coming to King Street.

The Minneapolis-based retailer is leasing 30,000 square feet in the Majestic Square building at 211 King St., the property’s owner, The Beach Co., announced Wednesday. The space at the corner of King and Market streets once housed a Saks Fifth Avenue store and, most recently, Forever 21.

The store will be Target’s first small-format location in South Carolina, The Post and Courier reported. No opening date has been announced.

“We’re excited to bring an easy, safe and convenient shopping experience to new guests in the community with this new Target store,” a Target representative told the Charleston City Paper.

Tom Stockdale, director of commercial asset management at Charleston-based Beach Co., which developed and owns Majestic Square, said the company was “determined to find a world-class retailer to serve a wide demographic for this premier space in the city’s busiest commercial district.”

“This ideal location in partnership with Target provides Majestic Square an opportunity to further support downtown Charleston’s residents, area employees and visitors,” Stockdale said.

Forever 21 closed the store last summer during the pandemic, after nine years downtown, according to The Post and Courier.

Target’s big-box stores average about 130,000 square feet, while its smaller stores range from 12,000 to 40,000 square feet, The Post and Courier reported. The smaller stores are in dense urban and suburban neighborhoods and near college campuses, a Target spokeswoman told the newspaper. Target has about 1,900 stores in the U.S., including more than 140 small-format shops, according to the newspaper.

Some King Street merchants welcomed the news. “I think it’s fantastic,” Jordan Lash, owner of the Jordan Lash Charleston men’s clothing store at 305 King St., told the newspaper. “I don’t think Target is looked down upon, and I think it will be phenomenal for foot traffic on King Street.”

Gary Flynn, chief executive of M. Dumas & Sons, a men’s clothier downtown for more than a century, said he came around after a lukewarm first reaction. “As much as I don’t like national brands on King, the space is a little large for the locals, so it makes sense,” he said.