It’s no secret that development in downtown Greenville is hot, and very soon the downtown skyline will look much different. The year 2014 saw a ramp-up in announced projects and 2015 is starting off with a bang.
Last year, the city issued 128 building permits having a total value of $100 million, and that’s just a fraction of the total dollar investment.
Projects already under construction include the 144-room Aloft Hotel, 292 rental units at the Main + Stone mixed-use development, a 156-room Embassy Suites Hotel at RiverPlace, 140 apartments at RiversEDGE, 360 apartments at South Ridge on Church Street, and many more.
So what projects are worth keeping an eye on in 2015? What’s changed? Which projects are still in play? Here’s an update on 10 of the largest multifamily projects happening downtown this year.
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1. Project: Fountains Greenville
Address: 210 E. Broad St.
Developer: Proffitt Dixon Partners
Projected start/completion date: Construction to begin Q1 2015, estimated completion Q1 2016.
No. of units: 210 apartments
Amenities: Resort-style pool, courtyard, outdoor grills and TV, commercial quality fitness center, upscale club areas and rooftop deck.
Read more: Luxury apartments planned for Church and Broad
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2. Project: District West
Address: 101 Reedy View Drive (@Westfield and West Broad streets)
Developer: Flournoy Development
Projected start/completion date: The project broke ground in fall 2014, and developers expect to deliver some units late 2015 with project completion in 2016.
No. of units: 365 apartments
Amenities: Four- and five-story building with an on-site parking deck. The complex is slated to have an amenity terrace and courtyard that overlooks the Reedy River along with a pathway that links to the GHS Swamp Rabbit Trail. Open spaces, courtyards, swimming pool and a social plaza are also planned. Units will be studio, one and two bedrooms.
Read more: 322-Unit Apartment Complex Planned for Downtown
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3. Project: M West | Terrace Homes at West End
Address: 1027 S. Main St.
Developer: 1027 Partnership LLC | Trevor Ream
Projected start/completion date: Site work to begin late Q1 2015. Three-phase development with phase one expected to be completed late Q4 2015.
No. of units: 18 townhomes
Amenities: Each home has a private rooftop terrace with views (depending upon location in development) of downtown, Fluor Field or the Blue Ridge Mountains.
Prices for units currently released for sale vary by unit type and range from $495,000– $675,000. Phase I and II units are currently reserved.
Phase 3 units have not been released for sale. Phase III is expected to be released for pre-sales in Q1 2016.
READ MORE: Former Blandin’s Clean Up Shop in West End will be location of 18 units
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4. Project: 121 Rhett
Address: 121 Rhett St. (at Camperdown)
Developer: The Croft Company
Projected start/completion date: Construction is expected to begin in March 2015 and will take approximately 14 months to complete.
No. of units: 36 condos with 1,200 square feet of retail
Amenities: Balconies, private parking. Walkability score 90+; adjacent to River Place, West End, Falls Park and Peace Center within a five-minute walk.
Read more: Rhett Street Condo Project Underway
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5. Project: Stadium Flats
Address: 100 N. Markley St. (Rhett and Markley streets)
Developer: Ron Cobb/MLM Construction
Projected start/completion date: Construction slated to begin late spring 2015, expected to be completed by summer 2016.
No. of units: 70 condos – two-bedroom (1,200-1,350 square feet) and three-bedroom (1,400-1,450 square feet). Project was originally going to be apartments, but developer Ron Cobb said there is a greater need now for condos downtown and the financial institutions are once again lending for those types of projects.
Amenities: Clubroom with fireplace, open atrium with pool. Rooftop sitting lounge o verlooking Greenville. Two covered secured parking spaces per unit. Trash chutes, bicycle parking, coffee bistro area and green spaces in the plaza area. Prices will begin in the low $300,000s, and pre-selling will begin in the spring.
Read more: Stadium Apartments Construction Set for Spring
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6. Project: Brandon Mill/West Village Lofts
Address: 25 Draper St.
Developer: Pace Burt
Projected start/completion date: Plans are currently being drawn, and Burt expects to start “standing walls” in early summer with an early 2016 completion date.
No. of units: 175 loft apartments
Amenities: Art incubator in development to create an opportunity for people to learn from each other and “feed off of the art energy in the area.” Amenities will also include a swimming pool and fitness center.
Read more: 150 Lofts Planned for Brandon Mill
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7. Project: Link Apartments West End
Address: 25 River St. (Rhett and River streets)
Developer: Grubb Properties
Projected start/completion date: Project begins February 2015; units ready to move in spring 2016.
No. of units: 215 apartments
Amenities: Two courtyards, a dog park, swimming pool, rooftop terrace, fitness center and clubroom. The apartment complex will also have a premium bicycle amenity with a maintenance stand and additional bicycle storage.
Read more: Link targets millennials with 217-unit West End apartment complex
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8. Project: Elements West
Address: 806 Green Ave.
Developer: TRV Development
Projected start/completion date: Construction and demo will begin spring 2015 with an expected completion date by the end of 2015.
No. of units: 60 loft apartments
Amenities: Exposed wood beams, stained concrete floors and countertops; theater/lounge area, exercise facilities and swimming pool. There will also be a community garden and a 1/4-mile walking trail for residents. TRV expects to achieve LEED standards, and solar panels on the building will provide power for common areas of the building.
Read more: Historic West End cotton mill to become loft apartments
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9. Project: Greenville Lofts
Address: Corner of Westfield and Academy streets
Developer: Arlington Properties
Projected start/completion date: Slated to go in front of the Design Review Board in March; developers hope to begin construction summer 2015, with completion in 18 months.
No. of units: 215 apartments
Amenities: Workout facility, common area Wi-Fi with a cyber café, clubroom, billiard room, pet area, a swimming pool with a large deck and a bike barn with workshop space.
Read more: Alabama developer plans west side apartment complex
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10. Project: Traverse
Address: 110 Markley St.
Developer: Development team led by David Miller
Projected start/completion date: Pre-sales will begin spring 2015; construction to begin summer 2015 and will take about 12 months to complete.
No. of units: 24 condos with 3,000 square feet of office space
Amenities: Each unit will have some private outdoor space designed around a common courtyard that will include an outdoor living area with seating, garden areas and a water feature. Clubhouse in the courtyard area.
Read more: 24-unit condo community slated for Markley Street
We asked some of the area’s top brokers: Are there too many multifamily units being built in downtown Greenville?
The cost of downtown living: Take a look at 10 various downtown apartment rental rates we’ve collected from the City of Greenville Department of Economic Development.
