Leasing & Property Transfers in Downtown/West End vicinity

[ausrutherford]

From what I have heard about that building....its basically another Scott Tower and needs to come down.

I'm guessing a most of that cost is the land. 

[vicupstate]

54 minutes ago, ausrutherford said:

From what I have heard about that building....its basically another Scott Tower and needs to come down.

I'm guessing a most of that cost is the land. 

It is an acre. WHo would pay $22mm plus demo costs for an acre of land?

[cabelagent]

1 hour ago, ausrutherford said:

From what I have heard about that building....its basically another Scott Tower and needs to come down.

I'm guessing a most of that cost is the land. 

It was built 60  years ago (1958)....no mystery what could be its fate. That's a prime location downtown for a special development.

Edited May 2, 2018 by cabelagent

[vicupstate]

Very strange.  

To demo and start over you have $25mm invested in a acre of land. There isn't a vacant acre in DT that couldn't be had for a lot less than $25mm.  Many lower density acres could be had for less than that too.  You could probably buy the mostly vacant shopping center (former home of baby Bi-Lo) for a lot less tahn that too. 

They could gut it and rehab it, like the Brio but I wouldn't think the numbers would work. I think the Brio building sold for les than $1mm.  

Any Comm. realtors have any suggestons? 

[gman430]

The company that bought the building is planning a renovation not a demolition. 

[ausrutherford]

14 hours ago, gman430 said:

The company that bought the building is planning a renovation not a demolition. 

They will have to take it down to its bones. 

[cabelagent]

2 hours ago, ausrutherford said:

They will have to take it down to its bones. 

Bare bones....should have the strong resemblance of a skeleton.

[vicupstate]

809 Laurens Rd. sold to Darryl J. Holland for $950k.  The parcel is 1.805 acres and has a significant sized building on it. Holland already owns 1.81 acres of vacant land fronting Laurens Road that is immediately adjacent to this new purchase. He also owns an additional 6.657 acres between these parcels and the SRT extension.  More than 10 acres total.  

[johnpro318]

1 hour ago, vicupstate said:

809 Laurens Rd. sold to Darryl J. Holland for $950k.  The parcel is 1.805 acres and has a significant sized building on it. Holland already owns 1.81 acres of vacant land fronting Laurens Road that is immediately adjacent to this new purchase. He also owns an additional 6.657 acres between these parcels and the SRT extension.  More than 10 acres total.  

Nice. 

[cabelagent]

2 hours ago, vicupstate said:

809 Laurens Rd. sold to Darryl J. Holland for $950k.  The parcel is 1.805 acres and has a significant sized building on it. Holland already owns 1.81 acres of vacant land fronting Laurens Road that is immediately adjacent to this new purchase. He also owns an additional 6.657 acres between these parcels and the SRT extension.  More than 10 acres total.  

Interesting....could be developed for lucrative ventures related to SRT.  

[vicupstate]

116 W. Stone Ave. sold on 5/25/18   for $425k . Parcel is .32 acres . Brick bugelow that is curerently a hair salon.  Ajg Properties LLC is buyer.  This is across from Westone project. 

 

511  E. Stone Ave. sold for $425k on 5/11/18.   Parcel is .39 acres. Buyer is Oxford Re Group LLC.  This is the commercial building just before the Church St. underpass and the  North Pointe  project (same side of the road).  The buyer also owns  four parcels immediately behind this one.  Total acreage is 1.13 acres.  It appears this buyer is connect to Raleigh NC. 

[vicupstate]

The City paid $90k for .73 acres on 6/8/18 on Meadow Street that will be part of Unity Park. 

[vicupstate]

Apparently the 100 East building is going condo.

Realtor.com has two listings. $203k and 325K fro 1 Br and 2 Br respectively. 

[johnpro318]

17 minutes ago, vicupstate said:

Apparently the 100 East building is going condo.

Realtor.com has two listings. $203k and 325K fro 1 Br and 2 Br respectively. 

I saw that. It’s exciting. I hope for more apartment to condo conversions. Then we can get more apartments and start the process all over again. 

[vicupstate]

300 North Main office building [corner of Beattie and Main] across from Daniel building sold for 11,420,000 on 6/20/18.

[vicupstate]

Greenville Summit building sold for $16 mm on 7/10/18. Greenville Summit LLC is buyer. 

[vicupstate]

314 W. Stone Ave. sold on 7/13/18 for $349,500. 

Currently it is a hair salon.  Buyer is Mrvl LLC.

[vicupstate]

On 3/31/2018 at 2:33 PM, vicupstate said:

Ballentine Equipment building and the SFH behind it at 106 Wardlaw St. sold on 2/14/18 for $2,450,000.  1.18  acres total. 

This property has been flipped. New owner is Lighthouse Greenville LLC and paid $3 mm.

[vicupstate]

A Credit Union bought the bank branch location at Church and Augusta for just over $2mm. This is the old Certus location that was more recently a different bank.  

[vicupstate]

 114  Laurens Rd. sold on 8/1/18 for $390k.  Two parcels totaling .52 acres. 

[vicupstate]

On 7/25/2018 at 6:52 PM, vicupstate said:

Ballentine Equipment building and the SFH behind it at 106 Wardlaw St. sold on 2/14/18 for $2,450,000.  1.18  acres total. 

This property has been flipped. New owner is Lighthouse Greenville LLC and paid $3 mm.

This same buyer has now closed on 110 Wardlaw St. It closed on 8/15/18 for $775k.  108 Wardlaw was jointly listed for sale with 110, and they had the same owner.  

 

[SVL]

25 minutes ago, vicupstate said:

This same buyer has now closed on 110 Wardlaw St. It closed on 8/15/18 for $775k.  108 Wardlaw was jointly listed for sale with 110, and they had the same owner.  

 

So they have all of Wardlaw from Rhett to Academy, right? 

[vicupstate]

Just now, SVL said:

So they have all of Wardlaw from Rhett to Academy, right? 

Not that I can say for sure. Lighthouse doesn't own 108 Wardlaw St.  But it may be that it has not hit the county database yet.  It is true that 108 was listed jointly  with 110 Wardlaw and they both would have the same seller.   

There is also a triangular 1/10 acre parcel at Wardlaw and Academy that SCDOT owns.  However it is vacant and is on the opposite side of Lighthouse's parcels. So for all intents and purposes if Lighthouse has bought 108 or does buy 108, it will own that entire stretch.  

[Spero]

Lighthouse Greenville LLC is owned by www.Lightouseliving.com 

I doubt they are just buying these as investment properties. Look forward to seeing what they have planned.

Edited August 24, 2018 by Spero

[vicupstate]

^^ Great info. Thanks!