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The Rumor Mill


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Rumors have been circulating for a while now that one of the Hughes' has bought the Crossroads Apartment complex at Cleveland and Faris. Those same rumors suggested that upscale apartments would be developed.

This past week I was told that paying tenants have been given a date by which they have to be out of their units. I assume government-aided tenants will be the next to be relocated.

This will be an incredible location for some new apartments. There's not much in the way of new rentals in the Augusta Rd area, and this is a fantastic location with the Swamp Rabbit Trail. I hope whatever density might be developed will match that of the current complex or be higher.

A down side to this is that a lot of bus riders will be taken off that route. Hopefully the residents being relocated will still have access to public transportation.

The Crossroads is listed in the Property Transfers in the Journal. $10.1 mm for the 258 units. The buyer is listed as Cityedge Greenville LLC. 219 E. Washington St. is the address of the buyer.

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I'm in that weird little no-man's land where the addresses say Simpsonville, but I'm within walking distance of the Mauldin city limits, and not much farther from the city limits of Greenville proper.

Quote from a GSA Business article:  https://gsabusiness.com/news/distribution-logistics/80223/: "In fact, he said that the combined company may one day have a corporate office in Clearwater,

How about the conference center? I am starting to think the CC would be better on the edge of downtown instead of being located in downtown core. The CC would not be active a lot of days and would cre

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Don't know the exact site for the apartments yet at that intersection. Waiting on more info.

The Crossroads is listed in the Property Transfers in the Journal. $10.1 mm for the 258 units. The buyer is listed as Cityedge Greenville LLC. 219 E. Washington St. is the address of the buyer.

That confirms Davis Property Group is the developer. Their address is the same as the buyer. This must be the project they have in the works near downtown that was mentioned by the Greenville News.

Edited by citylife
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Any word on this being mixed use? Given the expense, I would assume the density will increase significantly.

I assume you're referring to the Crossroads Apartments? If so, the apartment buildings will remain, but be heavily renovated. I'm not sure how that will affect the density of units, but I imagine it will remain close to the same.

Edited by GvilleSC
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Rhett Street could really take a major step forward if the proposed apartment projects take place. Heck, even if two of the projects happen, we'll see a major change in activity distribution in the West End.

That and the redevelopment of the three buildings on Markley that will house the new headquarters for Oobe.

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Oh. I thought it was a tear-down and rebuild.

Nope. The apartment unit buildings will be renovated inside and out. However, there will be new features included also. Should be a great rehab project. Expect announcement very soon.

Edited by citylife
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Ok, it's been REAL quiet lately. The domination of politics in the news, I'm sure is partially the reason, but regardless, it has been real quiet the last few weeks in terms of announcements and such.

So... I thought it might be a god time to check if anyone is hearing any new rumors or any updates on already announced projects.

Any word on any of the apartment projects, like Rhett &Wardlaw or Tom Croft's project? Any ONE scuttlebutt? There wasw some word about the Visitor's Center having news in the Fall.

Anything at all?

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<blockquote class='ipsBlockquote'data-author="gman430" data-cid="1248953" data-time="1356050161"><p>

I thought Furman already was in Greenvillle. :dontknow: Here is the official address: <br />

<br />

Furman University. 3300 Poinsett Highway, Greenville, SC, 29613</p></blockquote>

Where do you think unincorporated places would claim?

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Furman University is changing its address to TR.

 

That's strange.  I don't think that makes much sense, and it won't help much when people ask where Furman University is located.  People had a lot better chance of knowing with Greenville, SC than Travelers Rest, SC.  In the grand scheme of things I suppose it doesn't matter much.

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