Flournoy 300 unit downtown apartment project

[gman430 745]

This appears to be moving forward: http://www.upstatebusinessjournal.com/news/blacks-electrical-supply-consolidates-greenville-locations/

[gman430 745]

This will be going to the DRB next month.

[vicupstate 220]

http://www.greenvillesc.gov/PlanningZoning/PlanningApplications/Applications/2014/MAY/DesignReviewBoard/05-01-2014/CA-14-103-WestfieldStreetandReedyViewDrive.pdf

 

I like it !!

[GvilleSC 89]

This is well sited. I like the proximity to the river and trail!

[Spes 7]

Maybe someone with more knowledge about this can tell me, but did Gateway postpone because of worry about the market for housing like this? I'm sure they wouldn't go to the trouble without doing market research, It's just a little but between this, Broad Street, and Stadium apartments, that's a whole lot of apartments

 

I like it and it's a much better site than I initially thought, just curious.

[RiverWalker 11]

Interesting realignment of Reedy View Drive to intersect with West Broad Street rather than Westview Street. That new intersection will end up being on a hill AND a curve, which I think raises safety concerns.

[sc smitty 68]

This looks A LOT nicer than most of the plain boxy architecture we've been seeing lately.  Overall looks very nice, though the building looks awfully close to the river.  Would be nicer to give a little more of a buffer to the river so it didn't feel like it was going through a tight channel in this section.

[vicupstate 220]

Maybe someone with more knowledge about this can tell me, but did Gateway postpone because of worry about the market for housing like this? I'm sure they wouldn't go to the trouble without doing market research, It's just a little but between this, Broad Street, and Stadium apartments, that's a whole lot of apartments

 

I like it and it's a much better site than I initially thought, just curious.

I don't think anyone here knows the exact reason for the Gateway postponement.  They may be reconsidering the project given the flood of similar projects or it may be something totally different.  

 

By my count there are 1,980 units either under construction or on the drawing board/announced.  That doesn't include about 100 units completed within the last year (100 East and Riverwalk) nor the 'for sale' units that have been announced.

 

Supposedly the market research shows sufficient demand for that and more, but that is a lot of units hitting the market at once.

 

I'm sure at least one or more of the proposals will fall by the wayside.  I hope the Gateway and Flournoy projects do get built because they have the best architecture IMO.  Ideally, all of them will get built, but we will see.  

 

I think there will be lots of attention given to how quickly 98 East McBee and 400 Rhett lease up, since they will be the next ones to complete.

Edited April 17, 2014 by vicupstate

[GvilleSC 89]

Would this be visible looking up the river from Main Street?

Edit: It looks like this would fall more behind the Embassy Suites, etc based on sight lines from Google Earth. You might catch a glimpse of a corner, but not much (if it's even tall enough to really be seen past the Academy Street Bridge...)

Edited April 18, 2014 by GvilleSC

[NBNY2GRNVL 30]

it seems like the trees covering the site now will be removed giving it visibility from 123 coming into DT.

[gman430 745]

I don't think anyone here knows the exact reason for the Gateway postponement. They may be reconsidering the project given the flood of similar projects or it may be something totally different.

By my count there are 1,980 units either under construction or on the drawing board/announced. That doesn't include about 100 units completed within the last year (100 East and Riverwalk) nor the 'for sale' units that have been announced.

Supposedly the market research shows sufficient demand for that and more, but that is a lot of units hitting the market at once.

I'm sure at least one or more of the proposals will fall by the wayside. I hope the Gateway and Flournoy projects do get built because they have the best architecture IMO. Ideally, all of them will get built, but we will see.

I think there will be lots of attention given to how quickly 98 East McBee and 400 Rhett lease up, since they will be the next ones to complete.

Good story this morning from the G-News on this:

Now, the Greenville-based firm gets those requests from at least one developer every other week, said broker Kay Hill.

And those developers aren’t just looking to build downtown. Demand is also heavy in the suburbs, she said.

“We are fielding multiple calls from developers both for downtown and suburban markets,” she said. “We think demand has been pent-up for so long here that we are still in need of new doors. We really don’t see that slowing down for quite some time.”

Industry experts agree.

A recent report by UBS, the Swiss global financial services giant, ranked Greenville as one of the top metros in the country for multifamily investing.

Brian Schick of Arlington, Va.-based Woodfield Investments, said the UBS report, along with his firm’s research and its work with Greystar Real Estate Management in Greenville, played a role in the decision to pursue a project here.

Woodfield recently purchased 19.33 acres on the Millennium Campus, at the intersection of Laurens Road and Innovation Drive, to build a 336-unit Class-A unit apartment community. The deal will be the company’s first Upstate project, Schick said.

He said the company is looking for additional sites in Greenville, particularly in the downtown West End and the suburb, for other communities.

Edited April 22, 2014 by gman430

[vicupstate 220]

http://upstatebusinessjournal.com/news/322-unit-apartment-complex-planned-downtown/

 

Can't wait for this one to start.  I didn't notice the amenity deck until now.

Edited April 25, 2014 by vicupstate

[gman430 745]

Staff is recommending approval of this project.

[gman430 745]

I think this project got a little bigger: http://www.greenvillesc.gov/PlanningZoning/PlanningApplications/Applications/2014/AUGUST/DesignReviewBoard/08-07-2014/CA-14-103a-WestfieldStreet-ReedyViewApartment.pdf

[gman430 745]

Before it was 322 units. Now it's 365.

[GvilleSC 89]

This is still looking like a pretty solid project. Hope it happens.

[gman430 745]

Voluntary cleanup of site by Flournoy Development in conjuction with DHEC is now underway: http://www.scdhec.gov/PublicNotices/docs/LWM/Proposed%20VCC%2014-6269-NRP%20signed%20by%20Flournoy%20Development%20Company%20LLC.pdf

[gman430 745]

Blacks Electric has relocated and Greenville Heritage will be vacated by October 14th: 

 

[GvilleSC 89]

I'm excited about what this project will mean for the river front and development along the trail system.

[vicupstate 220]

Yeah, I can't wait for the demolition to begin. Visually and psychologically this project will make a big difference.

[gman430 745]

This project is now under construction:

[GvilleSC 89]

Now this is a well laid out project! Glad to see it moving forward!

[gman430 745]

[gman430 745]

 

 

[gman430 745]

Crane now arriving on site. You can see it off Academy where the Lofts project is proposed.

Edited February 26, 2015 by gman430