Image by Flickr user Ty Nigh
Update November 25: The story is alive again.
Charleston Scene has a quick blurb about the site in the Shoppes at Seaside Farms (near the the Mount Pleasant Target) and some idea on the 2011 opening date.
Take a read here (it's about six briefs down.)
First reporting, April 29: Brothers Henry and Chai Eang, co-owners of upper King Street's Thai restaurant Basil, have applied for a permit to build a 7,000-square-foot, two-story dining establishment at Seaside Farms off Long Grove Drive in Mount Pleasant.