Jul
02

Trammell Crow Backs Out of Greenville Development

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cancelledA Dallas development company has backed out of plans to buy The Greenville News property, the newspaper reported today. Trammell Crow Co.’s withdrawal from the purchase contract leaves a co-developer saying he will pursue a planned project at the South Main Street site that includes a hotel, condominiums, apartments, offices and a theater.

Brody Glenn, president of Centennial American Properties, a co-developer of the planned Camperdown project, had previously said work could possibly begin this summer.

Greenville Mayor Knox White said today in an email: “The project will move ahead with the local development team, Centennial Properties. I have great confidence in their ability to make the project even better for downtown.”

In The Greenville News report today, Dave Neill, the newspaper’s president and publisher, said Trammell Crow exercised its right to terminate the contract to purchase the almost 4-acre site. The contract signing was announced in August. Neill said other parties have expressed an interest in buying, but he declined to identify them.

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