gvegas12

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About gvegas12

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  1. They are back-filling an empty grocery store with a parking requirement over 11 spaces / 1,000sf. This is not a CBD tenant
  2. gvegas12

    Camperdown (Greenville News Building Site)

    The Spartanburg AC hotel is 100% new construction. Just the fact that you thought it was a renovation shows that it is not cookie-cutter architecture.
  3. gvegas12

    Camperdown (Greenville News Building Site)

    Look at the difference between the Spartanburg AC Hotel and the Greenville AC Hotel. One design is inspirational and timeless. One looks like everything else being built around it.
  4. gvegas12

    Homewood Suites - Main and Markley

    Woof! This should generate outrage. Classic bait and switch. These out of town developers continue to over-promise, under-deliver. I really hope the DRB steps up and doesn't feel pressure to allow this one through. Too important of a corner to allow cheap design/materials.
  5. I am still negative on the feasibility of this project and think it's bad for downtown, but I really hope this developer has enough sense to deconsecrate the church. Watching that steeple come down is going to stir up a lot of emotion, so Woodfield would be smart to show some respect to the worship that has taken place since the church was built in 1938.
  6. gvegas12

    Westgate Watcher

    Before getting too excited, I'd check whether this is an actual H&M store or an outlet store (like the ones in Myrtle Beach and North Charleston). Still a good get, but it may actually be a bad sign if Westgate Mall is now accepting outlets...
  7. gvegas12

    The State of Downtown Retail

    Yeah, I'd call it a good story, except they failed to talk to any of the restaurants that are seeing a huge increase in customers downtown and all of the successes they are having. Rent is only a small percentage of a restaurants cost. Has anyone done a story on all of the new jobs being created and the growth of the service/tourism industry in Greenville? The not-so-hidden agenda in this article is laughable. No wonder readership is down at the G'Ville News. I'm just glad there are people out there like ursa carolina that can read between the lines and see the positives downtown's growth is having on other areas.
  8. Someone building apartments is going to get caught with their hand in the cookie jar. There are not enough new jobs to support all of these apartments. Millennials can't afford the high rents (especially the rents proposed for this site) and there is only a limited supply of empty nesters and retirees moving downtown. Ultimately the music will stop and there will be a correction. It happens every cycle and it will happen here. I could be wrong about which project takes it on the chin, but there is no doubt that someone will.
  9. See my other post for a link to the 400 Rhett page on apartments.com, that offers free rent. Rental rates down and vacancy being up are nearly 100% correlated (apartments being on short term leases allows for nearly perfect supply/demand economics). 400 Rhett (the closest apartments to 1100 S Main) has been offering free rent until July 4th for quite some time (http://www.apartments.com/400-rhett-greenville-sc/cvktlpd/) If you call other complexes, you will hear all kinds of deals (free TV's, waived application fees, etc.). There are roughly 1,000 units between Fountains, the Link, and District West, not to mention the new complex that just broke ground in front of the Kroc Center. Ask anyone in the industry about the rise in construction prices and you'll hear the same things. Every sub-contractor is busy and skilled labor is harder and harder to find. Some good data can be found here: http://www.turnerconstruction.com/cost-index
  10. We are approaching late May and all is quiet. Any updates gman? Others? I wouldn't be surprised if the developer walks, which would be great for downtown and the church. Downtown could get a true mixed-use project and the church could get the highest value for their land with an open sales process. Relating to the market overall, it looks like multi-family may have peaked downtown: - Rental rates are coming down and substantial free rent is being offered at multiple downtown apartment buildings - Vacancy rates are up - Over 1,000 units are currently under construction downtown, all yet to be delivered - Construction prices are at an all-time high How can this project (or any of the others yet to break ground) work?
  11. I really hope people show up for the DRB meeting tonight and voice their concern about this project. A 400+ foot wall of residential units along Main Street will ruin the pedestrian experience and kill any chance for retail to expand down Main and onto Pendleton Street. The idea that the yoga room and fitness center could someday be converted to retail is foolish. Not only would the impact be small if it happened (that area is less than 1/3 of the street front), but it is also unlikely the residents would ever give up those amenities anyway! This developer does not care about Greenville and I am sad that the church is letting him ruin the site for future generations. I don't know if the DRB has the power to stop this, but I certainly hope so.
  12. The sun study is BS. Thanks for showing the sun when it is at its highest point! It feels like this guy thinks we are idiots. There is stucco on the top floor in the elevations, but when you look at his DRB checklist, he only shows brick on the top floor. That feels mis-leading This developer convinced the church to help him get his re-zoning before releasing any plans because he knew no one would support this use in this location. The church has done a dis-service to the neighborhood and the city as a whole. This wave of fast money developers, who build as cheaply as possible and sell as quickly as possible, is going to leave a bad stain on our downtown. Good for them for making their nickel, but it makes me sad that it is at the expense of all Greenville residents.
  13. My comment was about property owners directly across the street, not renters at 400 Rhett. And I don't think I even need to respond to your comparison between this site and 400 Rhett/Link. Even if the market can support all of these apartments, it will be a shame if they are all indistinguishable from one another (not to mention indistinguishable from every other city in the country). The designs are all similar because the developers are designing for the lowest cost possible. Build cheap, lease up fast and sell quickly with no consideration for the long-term impact on Greenville.
  14. I hope the neighborhood shows up in a big way against this. Not requiring a mix of uses is going to stop Main Street's momentum in its tracks. Property owners on Main/Pendleton Streets south of this site should be up-in-arms, as well as the residents on Rhett Street. Clearly the growth in the West End is outpacing the city's master plan, but hopefully someone at the City can step up and remember what made Greenville great in the first place --- strong urban planning that required a mix of uses.
  15. Not requiring street-front retail here is short-sighted and will kill any further expansion of Main Street in that direction. There is clearly demand for retail in this area, with West End Coffee Company taking space directly across the street. It's a real shame that such a large chunk of Main Street is going to be single use, when what has made our Main Street so special is a mixture of uses.