David Rosenberg of District Development LLC could not afford to do a formal study to determine whether there was a market for housing in downtown Travelers Rest, so he did the next best thing — he asked the patrons of the Swamp Rabbit Brewery and the many restaurants on Main Street whether they would live there.
The answer was yes.
So Rosenberg got to work. He started small, with three single-family homes, and they all sold.
Now, Rosenberg is now building Sutton Park, a development of six townhomes at the corner of Center Street and Love Drive, next to the Travelers Rest library. The townhomes are two stories and offer attached garages, an open living area, nine-foot ceilings, master bedrooms on the main floor, and large front porches. They are 1,650 square feet and will cost in the low 300,000s. Construction should be complete in the first quarter of 2018. Quinn Satterfield Homes is the builder.
A third project, Alston, which will begin once Sutton Park is complete will contain 20 units behind the Swamp Rabbit Brewery. The development’s entrance will be on Poinsett Highway.
Rosenberg said since his informal market survey he’s acquired four acres on four sites throughout downtown Travelers Rest.
“Everything is within steps of Main Street and the Swamp Rabbit Trail,” he said. “You can be on Main Street within two minutes.”
Rosenberg said he believes there’s a particular demand for the price point of Summit Place.
“I think a lot of buyers are willing to pay for nine-foot ceilings, tankless water heaters, and granite countertops,” he said. “I don’t ever want to be in the 400 to 500’s because it narrows the market a lot.”
He said downtown Travelers Rest is an ideal fit for new homes.
“The most successful residential developments around are mixed-use developments, such as Verdae. People love to live where they can walk to eat, to go to the gym, to go to a park,” he said. “Travelers Rest is a natural because the retail, restaurants, and outdoor space is already there.”