A new residential project in Spartanburg is expected to bring 72 townhomes to the Camelot area of the city’s west side.
The development, Camelot Townhomes, will be built on a nearly 9-acre tract of land behind the Christian Supply near the intersection of Camelot Drive and John B. White Sr. Boulevard.
Jay Beeson, principal of Spartanburg-based Mark III Properties, said his company will clear, grade and install the infrastructure on the property. Mark III will sell the site to a builder that will construct the homes.
Beeson said the homes will be arranged in groups of four, meaning there will be 18 buildings, or clusters of townhomes.
Residents of the development will be within walking distance of several restaurants and retail destinations along the John B. White Sr. Boulevard corridor, which has experience growth recently.
“We have reached a deal with a builder, but are not at liberty to disclose their identity yet,” said Beeson. “We’re very excited about this project. It will be a 100 percent market rate project and it’s the first one we’ve done in the city in over 10 years. It will be a good fit, tying in with existing homes in the area. It should also provide some commerce for the businesses along that corridor.”
City Council will discuss the project at its meeting on Monday. If approved, the project will add to the recent wave of residential developments in the city.
“It would not be appropriate to comment about this particular proposed project before City Council has the opportunity to hold the public hearing and vote on the rezoning request,” said Will Rothschild, a spokesman for the city. “In more general terms, the level of interest in both residential and commercial development in the city is at its highest level in decades. We believe there are a number of unique opportunities here, and the city is engaged at different levels with several developers on possible projects that would create new employment, housing, entertainment and dining options for people in Spartanburg.”
At its meeting, council will discuss accommodations and hospitality tax grant recommendations. The two pots of money equal more than $500,000 and would go to a number of local organizations that promote economic, visitor and cultural activity in the city.
Council will also discuss the purchase price for Oakview Apartments. The city took ownership of the apartments late last year through eminent domain.
Rothschild said council will determine the fair market price for the property and financially compensation for the previous owner, New York-base Related Companies.
He said the city has negotiated $1.9 million in compensation for former owner of the complex off Howard Street and council has to approve the price, or the case will go before a jury.
“If council approves the $1.9 million price, it will finally close the chapter on this process, and allow the city to move forward with demolition early next year and then construction of the new TK Gregg Center,” Rothschild said.