Sep
20

Greenville’s Crossroads Apartments to be Renovated

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Davis Property Group, LLC, a Greenville based real estate development, investment and consulting firm specializing in multifamily properties, has acquired the Crossroads Apartments on Cleveland Street in Greenville. Davis Property Group will begin work immediately to renovate the property.

According to reports, the seriously deteriorated property constructed in 1971, has suffered from deferred maintenance, chronic rent delinquency, and high levels of ongoing crime. Beginning in late September, construction crews will begin work to overhaul the development. Due to the extensive renovations, Davis Property Group does not intend to renew existing  leases.

Austin Knapp, development manager at Davis Property Group, said “that current plans anticipate preleasing to begin in February 2013, with new move-ins expected as soon as late spring 2013. Renovations will provide new residents with completely renovated interiors and exteriors as well as amenity upgrades that include a newly constructed clubhouse, pool cabana, fitness center and dog park.” The City Kids Child Development Center, also located on the Crossroads Property, will be renovated as well.

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