Archive for Greenville NC

Aug
20

Greenville, NC Apartments Sold for $86,345/Unit

Posted by: | Comments Comments Off on Greenville, NC Apartments Sold for $86,345/Unit

signature aptsAvison Young announced today that it has brokered the $14.8-million acquisition of Signature Place Apartments located in Greenville, NC.

The property was purchased by CMF Signature Place, LLC, a subsidiary of Carter Multifamily based in Tampa. The sale closed at a price per unit of $86,345.

Signature Place is a 171-unit apartment community located at 410 Beasley Drive, near Vidant Medical Center and East Carolina University (ECU) Health Sciences.
“This asset was uniquely positioned directly across from Vidant’s main campus in Greenville,” comments Cadwallader. “The acquisition provides an exceptional value-add opportunity for our client, and we are excited to see the potential it will bring.” Built in 1980, the property is situated on 15.24 acres near one of Greenville’s most active commercial areas. The complex includes 48 one-bedroom units, 84 two-bedroom units and 39 three-bedroom units. Amenities at the complex include a pool, dog park, courtyard, grilling area, fitness center and clubhouse.

Avison Young’s Craig Cadwallader, Vice President, and Gary Lyons, Senior Vice President, exclusively represented the buyer in the transaction.

Categories : Greenville NC
Comments Comments Off on Greenville, NC Apartments Sold for $86,345/Unit
Aug
04

Look What’s Happening in Greenville, NC

Posted by: | Comments Comments Off on Look What’s Happening in Greenville, NC

greenville_ncBy the end of the decade, an investment of more than $1 billion will change the way people live, work and play in Greenville.

Much of that transformation will be focused on turning Greenville’s downtown district — an area whose heyday passed decades ago — back into a vibrant, modern center.

Within a few years, Greenville’s warehouse district, a deteriorating area with its roots in the tobacco industry, will be host to multi-story mixed-use residential developments; restaurants, shops and full-production breweries will open for business in downtown storefronts; and a 25-acre park along the Tar River will become a center for recreation with amenities like a playground, splash park and ziplines.

By 2020, local officials said, current residents of the city will have a hard time remembering what Greenville looked like in 2016.

“People will look at the city in a few years and be amazed at how much Greenville has changed,” City Manager Barbara Lipscomb said. “People will barely recognize the city they are living in today.”

The city, East Carolina University, the N.C. Department of Transportation and private investors will complete more than a dozen major development projects in Greenville’s downtown district by 2020. Several of the projects already are under construction, and more construction is scheduled to begin in the fall.

READ MORE HERE

Categories : Greenville NC
Comments Comments Off on Look What’s Happening in Greenville, NC
Feb
02

Is Student Housing at East Carolina Overbuilt?

Posted by: | Comments Comments Off on Is Student Housing at East Carolina Overbuilt?

college housingAs more student housing projects come to Uptown Greenville, some people are concerned there could soon be too much student housing.

Sidewalk Development is building a new $32 million student and market-rate apartment complex along Dickinson Avenue which Greenville city councilmember P.J. Connelly said is a “win-win” for the developer and the city. “It’s a good project, and I think it’s going to help out that area over on Dickinson Avenue,” Connelly said. “I know when I first came to school here 10 years ago, there wasn’t anything on Dickinson Avenue.”

There also wasn’t as many student apartments as there are now which are spread out across the city. Most of the new housing projects are centered around Uptown including The Boundary at West End.

With more projects coming to the area, property manager Chelsey Harper said she’s ready for the competition. “I don’t think it will really affect us much,” Harper said. “It will probably affect those who are on the perimeter, on the outskirts of Greenville.”

READ MORE HERE

 

Categories : Greenville NC
Comments Comments Off on Is Student Housing at East Carolina Overbuilt?
Nov
16

Brokers: Greenville, NC Not Growing Fast Enough

Posted by: | Comments Comments Off on Brokers: Greenville, NC Not Growing Fast Enough

Categories : Greenville NC
Comments Comments Off on Brokers: Greenville, NC Not Growing Fast Enough