Jan
28

Greenville Apartments Planned for Peacock Site

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Local developer Grant Peacock recently secured financing for an apartment development on the site in downtown Greenville where he once planned to build the luxury Peacock Hotel & Spa.

Peacock projects 98 E. McBee Street Apartments to open sometime in the first quarter of 2014. Construction on the $16 million development — located one block from Main Street at the corner of McBee Avenue and Spring Street — is likely to begin in April.

The four-story development will have 55 units, consisting of eight studios, 36 one bedrooms and 11 two bedrooms. The rent ranges from roughly $1,300 to $1,500, but rents could change in the future. “The demand for rental units in downtown continues and apartments are the hot ticket to get financing right now,” Peacock said. “I expect many tenants to be an older demographic looking to downsize and be in a downtown living environment.”

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