Jump to content

Sign in to follow this  
gman430

First Presbyterian planning massive $35 million project downtown.

Recommended Posts

https://www.greenvilleonline.com/story/news/2019/03/06/35-million-project-first-presbyterian-downtown-greenville/2928680002/

First Presbyterian is embarking on a vision to build a worship and performing arts center as part of a larger expansion of its church. 

The price tag: $35 million.

The plans include a new, grand entrance into the church oriented toward the Academy and West Washington corner. Currently, the church can't quite tell visitors exactly where the front of the church is, said Marcie Lemley, the church's communications director.

The entrance, which will have a steeple to complement the current steeple to the east, will replace the windowless building that now serves as one of many backsides of the church.

The corner is only part of the frontage along Academy Street that First Pres owns.

Over the years, the church has held on to more than five acres on either side of Academy and West Washington. The church practically owns most of two blocks, though now the additional land is mostly parking lots.

Across West Washington, the church owns most of the block where the Greenville Summit housing tower sits.

There, Gibbons said, the church will maintain parking for the time being, but later could decide to develop the two acres into retail and housing.

On the other side of Academy, the church owns about 1.5 acres of frontage between the West Washington and Buncombe Street block.

The ultimate use of that land is "to be determined," Gibbons said.

The church's plan is to continue its capital campaign into April in hopes of raising $20 million initially, Gibbons said. Construction would begin next year and be completed in 2021.

F7CD91E3-FDFC-4B24-89F9-40B0EA0377F6.jpeg

0F712436-65CE-4AE4-A2E7-31BDC9E359A7.jpeg

Edited by gman430
  • Like 2

Share this post


Link to post
Share on other sites


I like this part: 

Across West Washington, the church owns most of the block where the Greenville Summit housing tower sits. There, Gibbons said, the church will maintain parking for the time being, but later could decide to develop the two acres into retail and housing.

Share this post


Link to post
Share on other sites

Are churches apt to get involved in real estate at that level? Interesting. I would have thought tax laws would preclude it. But I admit I'm speaking in near-total ignorance about the topic.

Anybody?

Share this post


Link to post
Share on other sites
17 minutes ago, Exile said:

Are churches apt to get involved in real estate at that level? Interesting. I would have thought tax laws would preclude it. But I admit I'm speaking in near-total ignorance about the topic.

Anybody?

Nonprofits can have for-profit portions, although the portion of the total enterprise that is for-profit, and the control by the non-profit  of the for-profit part, has to be limited.

It's kind of funny how modest the church's spokespersons come across in the article- "Greenville's growing so fast and we're just seeing some effects of that".  Not all churches are growing so quickly.  I'd say that it's because it's such a first-rate church and Richard Gibbons is such a phenomenal speaker.  Actually, all of the pastors there are excellent speakers!

Edited by PuppiesandKittens
  • Like 1

Share this post


Link to post
Share on other sites

More churches are getting involved in affordable housing with their excess land. 

Share this post


Link to post
Share on other sites

And a church can certainly have a for-profit affiliate.  Trinity Church in NYC has a massive amount of real estate: https://en.wikipedia.org/wiki/Trinity_Church_(Manhattan).  Mine is given income-producing property every now and then but usually sells it off pretty quickly.

Share this post


Link to post
Share on other sites
On 3/6/2019 at 8:41 AM, PuppiesandKittens said:

Nonprofits can have for-profit portions, although the portion of the total enterprise that is for-profit, and the control by the non-profit  of the for-profit part, has to be limited.

It's kind of funny how modest the church's spokespersons come across in the article- "Greenville's growing so fast and we're just seeing some effects of that".  Not all churches are growing so quickly.  I'd say that it's because it's such a first-rate church and Richard Gibbons is such a phenomenal speaker.  Actually, all of the pastors there are excellent speakers!

I suppose part of my ignorance here is that I've never been involved in a church large enough, or in a good location, to make much use of their real estate, other than to rent out a hall for, e.g., a wedding reception, or to sell some of their land to a developer.

Share this post


Link to post
Share on other sites

7 hours ago, Exile said:

I suppose part of my ignorance here is that I've never been involved in a church large enough, or in a good location, to make much use of their real estate, other than to rent out a hall for, e.g., a wedding reception, or to sell some of their land to a developer.

Don't sweat it.  First Presbyterian is such a massive institution that it's in a league of its own.

Share this post


Link to post
Share on other sites

I’m encouraged to see a church so focused on using its resources to really activate and accommodate the public at large, instilling a true sense of community beyond its membership. I also appreciate their acknowledgement of being a presence along a downtown corridor, which they will begin to reshape with their building design’s new facades facing Washington and Academy. 

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...

Important Information

By using this site you agree to our Terms of Use and Privacy Policy. We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.