Coming to Greenville: CRE Developments
It’s no secret that Greenville, South Carolina is growing at an incredible pace. Perhaps one of the strongest indicators of economic growth is the amount of commercial real estate development in the region – of which Greenville has plenty. Because with CRE, comes job opportunities. And with jobs, people are not far behind. Check out this snapshot of just a few of the CRE projects in Greenville’s future.
The projects covered in the recent Upstate Business Journal article titled “The Top 21 CRE projects in Greenville” have the potential to inject nearly 2 million square feet of commercial space into the Greenville, South Carolina market.
Grand Bohemian Hotel
One of the CRE projects featured is the Grand Bohemian Hotel being built at 44 E. Camperdown Way. Ground has already been broken on this 187-room hotel that will feature 30 suites with balconies, signature Poseidon Spa, and an art collection. The hotel will also feature event spaces and a two-story restaurant and bar.
One project that is still in the planning stage is County Square, which is proposed for 301 University Ridge. Developers are still working to relocate County services before the property can be sold. The proposed project is a $1 billion redevelopment of the nearly 38-acre county government office site. Plans include 1,125 units of multifamily housing, 450,000 square feet of retail space, 650,000 square feet of office space, and 350 hotel rooms – though that may change depending on market demand.
Another project that is in the design stage is .408 Jackson, which is proposed for 24 Vardry St. Plans are for a five-story, plus basement, 237-unit apartment building that will include four retail storefronts and a six-story precast parking structure. The Shoeless Joe Jackson Museum on the site will be relocated to the western corner of the property.
If you have any questions about what’s happening in the real estate market in Greenville, SC, please be in touch. I’ll be happy to help.