17 downtown CRE projects to watch

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Commercial real estate development is warming up downtown this summer

 

The commercial-property market continues to develop in Greenville, with 2,938 apartments planned, under construction or completed downtown, according to city figures.

Of that total, 1,304 are under construction as an apartment-building boom continues to attract developers.

In addition, 1,963 hotel and bed-and-breakfast rooms are planned, under construction or have been completed downtown, city figures show.

Since 2010, 2,262 units of multifamily housing have been completed in Greenville. Another 4,277 have been permitted or are under construction.

What projects are worth keeping an eye on in 2016? What’s changed? Which projects are still in play? Here’s an update on some the largest projects happening in or near downtown this year.

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1. Camperdown

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Address: Broad and Main Street

Developer: Centennial American Properties

No. of units/description: 18 condos, 225 apartments, a seven-story AC hotel, two office buildings (including a new home for the Greenville News), retail and restaurant spaces.

Status: The Greenville Design Review Board approved the project in March. The first office building is under construction.

 

2. Lewis Plaza (Harris Teeter)

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Address: Augusta Street

Developer: Avtex Commercial Properties

No. of units/description: 53,000 SF, two-story mezzanine Harris Teeter grocery store, 36,000 SF of retail/restaurant space/office space.

Status: Under construction.

 

3. Northpointe

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Address: Stone Avenue/Wade Hampton Boulevard

Developer: Central Realty

No. of units/description: 58,000 SF, two-story Harris Teeter grocery store, 285 multifamily units, 30,000 SF of commercial space.

Status: The proposed Harris Teeter grocery store has been expanded to 58,000 SF (was 53,000) and will allow for a larger indoor seating and restaurant area. The project and development agreement is expected to go before City Council in a couple of weeks. Permits with the Department of Transportation for roadwork have been filed and road construction is expected to begin late August/early September. Construction of the multifamily, grocery store and pad sites is expected to begin in early winter with pad delivery May 2017.

 

4. Falls Park Place

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Address: 600 S. Main St.

Developer: Hughes Investments

No. of units/description: 12,000 SF of Class A office space on two of the floors, a 5,300 SF restaurant space with a wraparound terrace on the second floor, a rooftop terrace with a swimming pool and six high-end residential units.

Status: Construction is currently underway with completion scheduled for this fall. Already announced tenants are national athletic apparel company lululemon athletica and Raleigh-Durham-based restaurant Happy + Hale.

 

5. Park Place on Hudson

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Address: 104 S. Hudson St.

Developer: Asterisk Development LLC

No. of units/description: 23 luxury townhomes.

Status: Under construction with Phase One to be complete by November.

 

6. Perimeter

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Address: 100 N. Markley St. (corner of Markley and Rhett streets)

Developer: LML Construction

No. of units/description: 70 condos, 4,500 SF of retail.

Status: Construction to begin in August.

 

7. Keys Court (former Keys Village)

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Address: 307 E. McBee Ave.

Developer: The Furman Company

No. of units/description: Retail (Cyclebar), restaurant, office.

Status: Finalizing details and permits; construction to begin soon.

 

8. Hampton Station

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Address: Hampton Avenue

Developer: Oceana Rapi LLC; leasing, management company: Avison Young

No. of units/description: 90,000 SF mixed-use with office, art studios, brewery, gym and GHS Swamp Rabbit trail head

Status: Under construction with tenants existing or announced: Lions Roar CrossFit, Invert Skate Shop, Avison Young, LiveWell Greenville, Noble Dog Pet Hotel, Birds Fly South Ale Project and Dapper Ink.

New tenant announcement: Tanya Stiegler Designs, Dorothy Shain, Lucky Penny Creative, Link 360/Link MD, Ric Standridge and Chelsea Ashford Photography

 

9. West End Apartment Homes (Pendleton Street Baptist Church)

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Address: 1100 S. Main St.

Developer: Woodfield Investments

No. of units/description: 271 apartments, two retail spaces.

Status: Demolition to begin August 2016. Construction completion expected January 2018. Pre-leasing in fall 2017.

 

10. New City Court View Townhomes

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Address: Corner of Gibbs and Mayfield streets

Developer: New City Development & Real Estate

No. of units/description: 15 townhomes.

Status: Site work underway.

 

11. Ellison on Broad (formerly called Fountains Greenville)

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Address: 210 E. Broad St.

Developer: Proffitt Dixon Partners

No. of units/description: 201 apartments.

Status: Delivering fall 2016.

 

12. District West

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Address: 101 Reedy View Drive (at Westfield and West Broad streets)

Developer: Flournoy Development

No. of units/description: 365 apartments.

Status: Under construction. Available for pre-leasing now. First move in slated for September.

 

13. M West | Terrace Homes at West End

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Address: 1027 S. Main Street

Developer: 1027 Partnership, LLC | Trevor Ream

No. of units/description: 18 townhomes.

Status: Under construction.

 

14. 121 Rhett

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Address: 121 Rhett St. (at Camperdown)

Developer: The Croft Company

No. of units/description: 36 condos (with 35 sold).

Status: Move in expected late fall 2016.

 

15. Link Apartments West End

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Address: 25 River St. (Rhett and River streets)

Developer: Grubb Properties

No. of units/description: 215 apartments.

            Status: Under construction.

 

16. Greenville Lofts

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Address: Corner of Westfield and Academy streets

Developer: Arlington Properties

No. of units/description: 215 apartments.

Status: Under construction.

 

17. Traverse

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Address: 110 Markley St.

Developer: Development team led by David Miller

No. of units/description: 24 condos with 4,000 square feet of live/work space.

Status: Pre-selling with six units reserved.

 

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