Greenville Transit Authority received a $10.7 million bid for its property in downtown Greenville.
Philadelphia-based Parkway Corp., a real estate and parking development firm, was the only bidder on the 2.93-acre property that surrounds Gather GVL on Augusta Street, adjacent to the railroad tracks and Fluor Field.
Beth Brotherton, the city’s spokesperson, said Parkway hasn’t released its plans for the property.
“Any projects on the site will have to go through the city’s process as outlined in the Development Code,” Brotherton said.
Greenlink’s maintenance facility currently resides on the site and will be moving to a new building at 205 Arcadia Drive. James Keel, executive director of the Greenville Transit Authority, said construction for the new facility is ongoing and should be complete summer of 2024.
GTA released an invitation to bid in October with assistance from the city and oversight from the Federal Transit Authority. The site was appraised and a minimum price of $10.4 million was determined for the property.
Brotherton explained the Greenville Transit Authority general counsel is working with Parkway Corp.’s attorneys to move forward on the property’s sale.
“If both parties agree on terms, a purchase and sale agreement will be drafted for consideration by the Greenville Transit Authority board of directors, and if approved, the property will transfer,” Brotherton said.
Keel expects the property transfer – if agreed upon and approved – will occur in the first quarter of 2024.
Greenville City Council previously authorized the exploration of purchasing the site when it first became available to control its future development. The city decided not to move forward with the purchase due to the passage of the development code. The new code provided the necessary guidelines and protections that would ensure the site’s future development matched the character and uses in the area.
Property history
The Greenville Transit Authority purchased the property at 106 Augusta Street and 154 Augusta Street incrementally from 1983 to 1986 using funding from the Federal Transit Authority.
