Leasing & Property Transfers in Downtown/West End vicinity

[vicupstate]

607 & 611 N. Main St. sold for 1,350,000. Parcel is .883 acres. This is next to the Williams Law Firm. 

Darryl Holland has cobbled together 8.47 acres of land between Laurens Rd and 385 which the new extension for  SRT will border.   

[gman430]

The Royal Cleaners building on Falls Street has sold. The Coldwell Banker Caine for sale sign out front now has “sold” plastered on the front of it. 

Edited March 25, 2018 by gman430

[SVL]

2 hours ago, gman430 said:

The Royal Cleaners building on Falls Street has sold. 

Well thats interesting. I wonder if this property will be  tied in with the parking lot on Main and Broad? Could be something special right there. 

[gman430]

1 hour ago, SVL said:

Well thats interesting. I wonder if this property will be  tied in with the parking lot on Main and Broad? Could be something special right there. 

Not sure but I hope so. Pretty pathetic there is a parking lot like this along Main Street right in the heart of downtown that hasn’t been developed yet. Same goes for the one next to Carolina Ale House. 

[Spero]

It sold to an LLC registered to Carl Sobocinski for $700,000.00. The parking lot is still owned (of record) by an LLC  named "Parking on Main, LLC" which is registered to Lydia McElveen. So, doubtful.

[PuppiesandKittens]

Weren't those lots supposed to be redeveloped about 10 years ago into condo buildings?  The projects died back then, but perhaps they're viable now.

If only we didn't have things like TD Bank and BB&T fleeing to suburbia, those lots could be nice downtown office towers.

[gman430]

35 minutes ago, Spero said:

It sold to an LLC registered to Carl Sobocinski for $700,000.00. The parking lot is still owned (of record) by an LLC  named "Parking on Main, LLC" which is registered to Lydia McElveen. So, doubtful.

Thanks. He must be planning another restaurant then. 

[btoy]

 

20 hours ago, gman430 said:

The Royal Cleaners building on Falls Street has sold. The Coldwell Banker Caine for sale sign out front now has “sold” plastered on the front of it. 

I am not surprised, it sold at the most recent tax sale so who ever owned it couldn't afford to own it anymore.

[vicupstate]

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. 

[gman430]

1 hour ago, 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. 

Excellent news. Do you know to who? 

[vicupstate]

3 hours ago, gman430 said:

Excellent news. Do you know to who? 

The new owner is listed as 322 Rhett Street Partners LLC. The tax bill is sent to  Salisbury CT.  The Registered agent is in Lexington SC but is probably a lawyer they use. 

[vicupstate]

Hartwood Holdings bought 8 Claussen Ave. for $400k on 4/5/18. The parcel is .22 acres. Hartwood already owns the two adjoining lots at 501 Augusta and 503 Augusta St.  Augusta parcels are zoned C-2 and the Claussen parcel (which fronts Thurston St. as well ) is zoned PD.   

Kathryn Hartness Norwood is the registered agent for the LLC.  

[GVLprogrowth]

Up on Pendleton. Across from OJs diner. 

 

Also word is McDonalds is going across from the Spinx, on the old Bank building site. 

[vicupstate]

Welcome to the forum, GVLprogrowth! 

BTW, the parcel he is referring to with the sign is on the NW corner of Pendleton and Leach. 

[Joey_Blackdogg]

12 hours ago, GVLprogrowth said:

Up on Pendleton. Across from OJs diner. 

Also word is McDonalds is going across from the Spinx, on the old Bank building site. 

This has to be the most good news/bad news shared in the first post from someone on UrbanPlanet, haha. Welcome GVLprogrowth. Excited about the new retail, but McDonald's is the absolute worst. I hope something changes there. That can't be the "gateway" the city is envisioning for the Village. 

[ausrutherford]

On 4/19/2018 at 10:25 AM, Joey_Blackdogg said:

This has to be the most good news/bad news shared in the first post from someone on UrbanPlanet, haha. Welcome GVLprogrowth. Excited about the new retail, but McDonald's is the absolute worst. I hope something changes there. That can't be the "gateway" the city is envisioning for the Village. 

That McDonalds is going to have to be the nicest in the Southeast to go through. Spinx had a heck of a time to get approval. 

[goodbye]

On 4/19/2018 at 10:25 AM, Joey_Blackdogg said:

This has to be the most good news/bad news shared in the first post from someone on UrbanPlanet, haha. Welcome GVLprogrowth. Excited about the new retail, but McDonald's is the absolute worst. I hope something changes there. That can't be the "gateway" the city is envisioning for the Village. 

I think it says "Market", not McDonald's

[SVL]

On 4/18/2018 at 9:32 PM, GVLprogrowth said:

Up on Pendleton. Across from OJs diner. 

 

Also word is McDonalds is going across from the Spinx, on the old Bank building site. 

 

Here is an article from UBJ on this:

New office building planned for 900 Pendleton St.

[Joey_Blackdogg]

On 4/20/2018 at 8:58 PM, Skyliner said:

I think it says "Market", not McDonald's

Hey Skyliner, are you referring to the rendering on the sign and shown in the UBJ article? I think GVLprogrowth's comment about McDonald's was about the corner lot directly across Pendleton St. from Spinx. Making sure we are on the same page. I haven't seen any hard evidence that Mickey D's is in the cards yet, though.

Also, the article states that Family Legacy Wealth Management will be moving in on the second floor of the new building from their current location on Broadus Ave. That space looks like a historic home. I wonder what will happen with that property once they complete their move?

[GVLprogrowth]

Two different stories. Again, all it is currently is rumor but yes it is McDonald's that is supposedly proposed to go on the former bank site at the corner of Pendleton and Academy. Spinx currently owns the property. 

[vicupstate]

100 East  apartments sold for 9,550,000 on 4/12/18.

[vicupstate]

Towers East building sold for $22mm to Towers East Apartments LLC. Tax bill address is 3520 Piedmont Rd. Ste 410 Atlanta. Tax bill is in care of Marvin P. Poer & Company.  Poer & company appaers to be a property tax consultant.  The seller, Towers East II LP originally bought it 4/27/06 for 11.2 million, 

[cabelagent]

3 hours ago, vicupstate said:

Towers East building sold for $22mm to Towers East Apartments LLC. Tax bill address is 3520 Piedmont Rd. Ste 410 Atlanta. Tax bill is in care of Marvin P. Poer & Company.  Poer & company appaers to be a property tax consultant.  The seller, Towers East II LP originally bought it 4/27/06 for 11.2 million, 

Thx...interesting, that's a hefty price increase for a building with numerous issues.  Wonder if new owner plans major renovations that make it more appealing .....if it remains a retirement facility.

Edited May 1, 2018 by cabelagent

[RiverWalker]

5 hours ago, vicupstate said:

Towers East building sold for $22mm to Towers East Apartments LLC. Tax bill address is 3520 Piedmont Rd. Ste 410 Atlanta. Tax bill is in care of Marvin P. Poer & Company.  Poer & company appaers to be a property tax consultant.  The seller, Towers East II LP originally bought it 4/27/06 for 11.2 million, 

This April 6 article by Ron Barnett said the property was under contract to "New York-based Capital Realty Group."

https://www.greenvilleonline.com/story/opinion/2018/04/06/towers-east-owner-responds-hud-complaints-building-sold/489043002/

[vicupstate]

^^ Wow. i totally missed that story.

With the increased basis of the new owners, it would seem either the rents would increase of it would become non-HUD.