Jul
28

20 Projects Fueling Greenville’s Real Estate Explosion

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$221 million. That’s a really big number. But it’s only a fraction of the dollar investment on the 20 downtown projects Upstate Business Journal is highlighting for their midyear update. The total overall investment to Greenville will be much, much greater.

These multi-millions of dollars are a testimonial to how rapidly downtown Greenville is growing. Properties in Greenville’s Central Business District are reaping premium prices. Vacant land inventory is almost nonexistent and buildings that were once abandoned and in disrepair are enjoying a makeover and new life.

While local developers such as Hughes Corporation, Hughes Investments, The Croft Company, Davis Development and others have played a major role in the city’s transformation, Greenville is now attracting out-of-town developers from Atlanta, Charlotte, Charleston and beyond. As our market continues to evolve and grow, experts see the interest continuing as more companies learn of all that Greenville has to offer.

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BLOG NOTE

Keep in mind that Integra has an appraisal office in Greenville, and we just published our mid-year Viewpoint surveys for the Greenville retail, industrial, office, apartment and lodging sectors. Email me at mdodds@irr.com if you would like a copy of these.

Michael B. Dodds, MAI, CCIM

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