Jun
21

Verdae Development Hopes Legacy Park Will Increase its Home Sales

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June 21, 2008

By Rudolph Bell – Greenville News

The developers of Verdae, the 1,100-acre, mixed-use project, are hoping to pump up home sales with today’s opening of a new public park.

The 20-acre Hollingsworth Legacy Park along Rocky Slope Road consists of a six-acre green surrounded by a flower garden, a playground, stone cabana, a waterfall and fountain, hiking trail, volleyball court and a pond.

“We hope that it will bring people out here to see the level of commitment we have to aesthetics,” said Cynthia Yeager, director of marketing for Verdae Development, master developer of the 1,100 acres between Interstate 85 and Woodruff and Laurens roads.
The park is scheduled to open today with a ribbon-cutting ceremony at 4:30 p.m.

It’s the centerpiece of what developers hope eventually will be a 300-acre community with 1,000 residences and a 15-acre commercial village.

So far, eight houses are under construction, one home has been sold and five lots are under contract, Yeager said.

She said about 40 percent of Verdae’s sales leads for new homes are coming from out of town, some of them from engineers with General Electric Co. or Fluor Corp. relocating to Greenville.
Other leads are coming from residents of the Cliffs real estate communities along Highway 11 who want to move into town, she said.

The Verdae master plan calls for construction of nearly 4,700 homes, 1.7 million square feet of shopping and up to 1.75 million square feet of office space over 25 years.

Under construction now are a 128-home subdivision, a 54-home subdivision, a $100 million community for seniors and a medical office building.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:
http://www.greenvilleonline.com/apps/pbcs.dll/article?AID=/20080621/BUSINESS/806210314/1003
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BLOG NOTE:
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Integra Realty Resources has appraised much of the Verdae development. Paulette Murphy and the Verdae development team have done an incredible job with the master plan.
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MBD

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