G-Man, great posts! I have recently joined and really enjoy your posts. I am currently in graduate school at Clemson University, studying Real Estate Development. A lot of the developments you are talking about are case studies we go over every day. Keep them coming!
Home sales continue to rise while inventory continues to drop:
Existing home sales in Greater Greenville rose for the fourth consecutive month in February.
Sales were up 12.3 percent from a year ago in this region, which includes Pickens and Laurens counties, according to statistics from the Greater Greenville Association of Realtors.
The association’s monthly report also showed a 15.5 percent increase in year-to-date sales and a drop in inventory by 14.4 percent.
The year to date sales volume was up 21 percent, which reflects the average price climbing 4.8 percent, with the median price up 7.7 percent.
Buyers purchased 447 residences in February, compared to the 398 sold in February 2011, the report says.
Great news for G-town. South Carolina Upstate, didn't they change their name from USC-Greenville/Spartanburg or something like that a few years back? I noticed they've moved up to NCAA Division-I in sports recently too.
Great news for G-town. South Carolina Upstate, didn't they change their name from USC-Greenville/Spartanburg or something like that a few years back? I noticed they've moved up to NCAA Division-I in sports recently too.
USC-Spartanburg. I am currently a student at USC Upstate oddily enough.
In the Greenville market, the downtown apartment activity is bustling. Hughes Investments recently delivered the Riverwalk at Riverplace, a mixed-use development that consists of 44 units as a New Markets Tax Credit deal. Davis Property Group’s 100 East project consisting of 48 units will boast a rooftop pool. Both are reported to be fully pre-leased and are good indicators for what current apartment demand looks like in our rapidly changing market. Subsequently, there are two new proposed developments with no less than 300 units combined now pursuing the downtown area.
Huntsville leaders headed your way to check out your beautiful city..
Mayor Tommy Battle and about 40 other civic leaders will climb aboard a bus bound for Greenville, S.C.
Their mission: Find out how the former textile manufacturing hub managed to create one of the nation's livelier downtown shopping, dining and entertainment scenes.
Big Spring Partners, the nonprofit agency spearheading Huntsville's downtown revitalization efforts, organized the three-day Greenville trip as a sort of case study in how to remake a center city.
"We don't want to replicate any city -- that's not our intention," Big Spring Partners Executive Director Mary Jane Caylor said Wednesday. "We just want to take their best practices and successes and see how they can be applied to Huntsville."
In the 1970s, downtown Greenville was like a lot of other Southern towns: listless, creaky, dead after 5 p.m.
When Battle and the others step off the bus this afternoon, they'll find a downtown brimming with restaurants -- 99 at last count -- and people.
Downtown Greenville is home to 99 restaurants -- many of them with patio dining. (Photo courtesy Greenville Chamber of Commerce)
They can walk across a 345-foot-long suspension bridge over the Reedy River, take in a show at the Peace Center for the Performing Arts or visit Fluor Field, a minor-league baseball stadium modeled after Fenway Park in Boston.
Hank Hyatt, vice president of economic development at the Greenville Chamber of Commerce, said the downtown renaissance began in the 1980s with construction of a Hyatt Regency hotel on city owned land.
Other crowd-pleasing projects followed: the 2,100-seat Peace Concert Hall; Falls Park, a pretty urban oasis on the Reedy River anchored by the $4.5 million Liberty Bridge; Fluor Field, named America's best new ballpark in 2006.
"The city's been really methodical and committed to a vision," Hyatt said Wednesday. "They've worked with the private sector and provided the necessary platform for these partnerships to take place."
The Huntsville delegation will hear Greenville's success story firsthand from Hyatt, Mayor Knox White, City Manager John Castile and others, tour the area and check out the Artisphere Arts Festival --Greenville's version of Panoply.
"They have a lot of energy in their downtown, and I think everyone across the Southeast is trying to figure out how to follow their best practices," Huntsville Economic Development Director Michelle Jordan said Wednesday.
Northpointe moving forward: Central Realty Holdings, LLC and ECI Group, Inc are excited to announce the commencement the NorthPointe Development. Construction will begin with the widening of Stone Avenue the week of May 8th.
Sloan Construction, under the supervision of Yeargin Potter Smith Construction, will be on-site starting improvements to the road network this week and will complete that work in November 2017. Crews may be on site during the day, but all necessary lane restrictions or reductions will occur only between the hours of 8 p.m. and 6 a.m..
Construction of the NorthPointe development will begin upon completion of the necessary road improvements. The 284 multifamily units and 20,000 square feet of boutique retail are expected to begin leasing in Fall of 2019. The 58,000-square-foot Harris Teeter grocery store is expected to host its grand opening in early Fall of 2019.
Up next is the $105 million Carroll A. Campbell Jr. U.S. Courthouse which is currently under construction in downtown Greenville. This new federal courthouse at 150 feet and 10 stories tall when complete in August 2021 will have 193,000 square feet of total space. An underground parking garage with 70 spaces, seven courtrooms, and nine chambers able to accommodate nine judges will be included. The facility will also provide workspace for the U.S. Marshals Service, the U.S. Probation and Pretrial Services System, the U.S. Attorney’s Office, and a federal public defender’s office.
Partners include General Services Administration, the US federal government, City of Greenville, HBRA Architects, Jacobs Technology Inc, and Brasfield & Gorrie.
Up next is the Grand Bohemian in downtown Greenville which is currently under construction. This $59 million five star hotel slated to open in December 2021 will include 187 rooms, 30 suites with balconies, the signature Poseidon Spa, and an art collection curated by Richard C. Kessler, chairman and CEO of The Kessler Collection. Additionally, the hotel will feature both indoor and outdoor event spaces and a two-story restaurant and bar. The tower crane base was installed last week also.
Partners include the Kessler Collection, City of Greenville, Yeargin Potter Smith, Thomas & Hutton, Aecom Hunt, Cooper Carry, Wurster, and Sottile & Sottile.