Dec
29

Work On a Multimillion-Dollar Development Halted; Economy Cited As Factor

By
– Spartanburg Herald Journal

Georgia-based developer Meridian Housing LLC says the declining economy has halted its construction of a multimillion-dollar, mixed-used development near the North Tyger Bridge on Reidville Road.

The development, Meridian at River Run, sits on a 38-acre triangular-shaped piece of property bordered by Reidville Road, Old River Road and the North Tyger River. Site plans filed with Spartanburg County show Meridian at River Run, which got under way in May 2007, is supposed to contain a 216-unit luxury apartment complex, patio or town homes, some retail establishments and an extension of Caldwell Drive to Reidville Road.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.goupstate.com/article/20081229/ARTICLES/812291052/1083/NEWS01?Title=Work_on_a_multimillion_dollar_development_halted__economy_cited_as_factor#
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