Archive for Anderson

Nov
18

Anderson Building to Get Modern Facelift

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A two-story building at South Main and West Benson streets in downtown Anderson is about to go through a facelift, bringing a modern style to accent the early 20th-century buildings that are there now.

The building houses J Peters Grill and Bar on the first floor, and the second floor is empty.

Steve Kay, who owns the building, said Thursday that he plans to renovate the exterior, covering it from the ground to the rooftop in a wall of glass. When construction is complete, the building will be called “The Plaza,” because it overlooks the Anderson County Courthouse plaza, Kay said.

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Aug
06

$2.8 Million for an Amphitheater Site in Anderson?

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Anderson Mayor Terence Roberts says the city council will take its first vote Monday on whether to spend $2.8 million to turn the old Belk site into an outdoor amphitheater.

Roberts said the council should be able to move forward with the second and final reading on the bond ordinance for the project at its Aug. 22 meeting.

The $2.8 million would be spent on changing what are now an overgrown lot and an empty building on Whitner Street in downtown Anderson into an open-air pavilion, an outdoor amphitheater and park complete with an interactive waterfall.

The vacant property sits behind a wooden fence on Whitner Street across from the historic Anderson County Courthouse.

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Jul
12

New C-Stores Coming to Anderson County

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The QuikTrip chain of convenience stores has expanded its plans in Anderson County, with six sites now under development.

The privately owned company confirmed 10 months ago that it would build three stores in the county. One on Clemson Boulevard near the S.C. 28 Bypass is under construction now. The other two, at Interstate 85 exits 21 and 40, have not yet broken ground.

Meanwhile, the company, which owns about 560 stores across the country, has purchased property at 1701 E. Greenville St., the old location for Anderson Special Events site.

It has plans for a fifth store at 1509 Pearman Dairy Road under review with the county building and codes, said the office’s director, Barry Holcombe.

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Jan
14

Anderson, SC Michaels & PetSmart Retail Stores Sold

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A joint venture between Baltimore-based MCB Real Estate and Morristown, N.J.-based The Hampshire Companies has purchased two freestanding retail buildings in Anderson. The adjoining single-tenant structures total 43,149 square feet and are occupied by Michaels and PetSmart. They are part of North Hill Commons, a 333,149-square-foot community retail center located at 3521 Clemson Boulevard. Mike Burkard, Chris Decouflé and Steve Shields of CB Richard Ellis arranged the deal. The seller’s name was not released.

BLOG NOTE:

The asking price was $4,500,000 with the asking cap rate being 9%.
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Dec
22

Greenville Area Apartment Occupancies on the Rise

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- GSA Business

The occupancy rate for the Greenville-Spartanburg-Anderson area apartment market remained relatively unchanged over the past six months. The occupancy rate improved to 91.4%, and occupancy rates have been on an upward trend since May 2009, according to Real Data.

This trend is due in part to the lure of renting over home ownership as well as the lack of new development, said the Charlotte, N.C., based real estate research firm.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE

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Greenville, S.C.-based RealtyLink has acquired a restaurant pad site in Anderson. The 5,234-square-foot building, formerly a Ruby Tuesday, is located along Clemson Boulevard within the North Hills Commons shopping center. RealtyLink plans to convert the restaurant building into a freestanding Verizon Wireless retail location. Interior demolition and shell renovation will begin soon with a targeted opening in the second quarter of next year.
North Hills Commons is a 333,149-square-foot retail property. Anchors at the center included Michaels, PetSmart, Lowes and Target.
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- Anderson Independent Mail

Oconee County officials look to have a rough plan for a new combined industrial park and recreational area inside a month, with a closing on the property possible before year’s end.

Dan Estaban, with the Greenville office of the B.P. Barber civil engineering firm, told county council members Saturday that his firm needs about two more weeks of field testing on the proposed project site along S.C. 11. A conceptual plan in line with the council’s aims could follow perhaps as early as a week later.

Estaban said his firm is carrying out such tasks as topographical analysis, wetlands assessment and an archeological and cultural resource analysis of the site before issuing a final report to the county.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE

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First Quality Tissue, a New York-based maker of paper towel and bath tissue products, has purchase a 1.09 million-square-foot manufacturing facility in Anderson. The 572-acre property is located along Masters Boulevard near Anderson Regional Airport. The company plans to invest up to $1 billion in the new production facility and create 1,000 new jobs for the area by 2020. Todd Younghans of the Greenville office of Coppedge & Tison represented the seller, Shaw Industries, in the transaction. The purchase price was not disclosed.
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Jul
30

Real Estate Showing Signs of Life in Anderson, SC

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- Anderson Independent-Mail News

Sales of homes in the Anderson area are beginning to recover, if slowly, local Realtors said.

And the median price of a home also has crept up, according to statistics from the South Carolina Realtors Multiple Listing Service.

Upstate South Carolina, including Anderson and Oconee counties, survived the precipitous drop in real estate sales and home values during the housing meltdown in 2007 and 2008, but did not escape entirely, real estate agents said.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE

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Jun
22

Anderson’s Chiquola Condo Units to Go on Auction Block Today

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- Anderson Independent-Mail News

Units in one of downtown Anderson’s best-known landmarks — originally the Hotel Chiquola — will be offered at auction Tuesday night to settle a multimillion-dollar debt.

Nine residential units in the building and commercial property on the first floor will be sold to the highest bidders.

Some of the residential units, marketed as high-end condos, will start at $90,000 each, about one-third of their original prices. The commercial property, which consists of four separate units, will be sold together, with an opening bid of $400,000.

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LINK TO ARTICLE HERE

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Jun
14

Country Inn & Suites in Anderson, SC Sold

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Seneca Hotel Group has acquired the Country Inn & Suites in Anderson. The 55-room hotel is located at the interchange of Interstate 85 and Highway 76. It was built in 2001 and renovated in 2009. The buyer plans to continue renovating the property and will keep the Country Inn & Suites flag. David Mumford of Mumford Company’s Newport News, Va., office and Burton Brooks of the firm’s Atlanta office represented the seller, a national loan servicing organization. This marks the fifth hotel Mumford has sold on behalf of the seller.
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- Independent Mail

The slow economy is forcing changes in plans for the Patrick Square development on Issaqueena Trail, but developers and city officials say the changes are actually an improvement.

Developer Michael Cheezem told the Clemson City Council on Monday that the significant change will be in the planned commercial square, which originally was to be centered on a major chain grocery store.

The current economic recession means a grocery store is no longer in the plans, Cheezem said.

“We have to plan a more compact retail core instead,” Cheezem said. “I think that’s very, very doable.”

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.independentmail.com/news/2010/mar/09/patrick-square-scaling-back-plans-officials-say-be/
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Mar
08

Inland Acquires Wal-Mart Anchored Center in Anderson, SC

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According to Real Capital Analytics (RCA), Anderson Central shopping center, at 651 Hwy 28 Bypass in Anderson, SC has been purchased as part of a portfolio of 16 shopping centers totaling 3.5 million square feet. Inland Real Estate Acquisitions, Inc., the purchasing arm of The Inland Real Estate Group of Companies, Inc., acquired the portfolio for $424 million from a joint venture between TIAA-CREF and Developers Diversified Realty.

Anderson Central, with 223, 211 square feet is anchored by Wal-Mart. The allocated purchase price was $26,634,787, or approximately $119 per square foot. Built in 1999, the center is 96.7% occupied and is situated on 17.79 acres according to RCA.
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- Anderson Independent-Mail

Anderson retailers reported solid holiday sales this year, in line with a national trend.

National data showed that shoppers spent more money this holiday season than last year, and that caused major indexes to rise during Monday stock trading. MasterCard Advisors’ SpendingPulse, a report tracking all forms of payment, said retail sales rose 3.6 percent from Nov. 1 to Dec. 24. Those sales dropped 2.3 percent the year before.

Lee Luff, president of the Anderson Area Chamber of Commerce, said local retailers reported modest gains in holiday sales. He said the clothing industry was very successful this year.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.independentmail.com/news/2009/dec/28/anderson-retailers-say-sales-better-expected-holid/
Categories : Anderson
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- Anderson Independent-Mail News

A lack of information about available property for industry in Anderson County has cost the county significant economic development opportunities, according to at least one county council member.

Council member Cindy Wilson and Council Chairman Eddie Moore helped organize an exposition with the goal of expanding the county and state listings of such sites. Real estate agents, developers and economic development officials for the county took part in that event Tuesday at the Civic Center of Anderson.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:
http://www.independentmail.com/news/2009/oct/27/anderson-county-tries-build-listing-large-properti/

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