Camperdown development up in the air
Rudolph Bell, [email protected]
:03 p.m. EDT June 30, 2015
Trammell Crow Co., the national developer that had planned to buy The Greenville News property, has backed out of the deal, throwing into question previously announced plans to redevelop the prominent site and change the face of downtown.
Another developer that was working with Trammell Crow, however, Centennial American Properties of Greenville, said it was continuing to pursue plans for the massive Camperdown development.
"We think it's a good project," Brody Glenn, Centennial American's president, told The Greenville News on Tuesday. "It's the right project for Greenville. It's a viable project to get done."
Glenn said he wasn't at liberty to say more.
Dallas-based Trammell Crow had signed a contract to buy the site of nearly four acres along Main Street from Gannett Company Inc., parent company of The Greenville News.
Dave Neill, the newspaper's president and publisher, said Trammell Crow exercised its right to terminate the contract.
Neill said other parties have expressed an interest in buying the property, but he declined to identify them.
"We don't have a buyer, but we have some interested parties," Neill said.
The Trammell Crow executive who had been working on the project, Larry Pantlin, managing director in the company's Atlanta office, couldn't be reached.
The plans called for four high-rise buildings arrayed around a center plaza directly across Main Street from the Peace Center.
The developers proposed a hotel, apartments, offices, condominiums, a dine-in movie theater and a fitness center.
They also planned an entirely glass building at the corner of Main and Broad and lots of ground-level space for shops and restaurants along the edges of the plaza and along Main Street.
Trammell Crow and Centennial American were in the process of getting numerous approvals from City Hall, and city officials hired a consultant to advise them on the project.
JHM Hotels of Greenville filed plans at City Hall for a seven-story AC Greenville Hotel after it was selected to develop the hotel.