Aug
03

New Spec Building Planned for Rock Hill

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rock hill edThe Waterford Business Park will soon be expanding with the addition of a second office building to be constructed with hopes of luring more business to Rock Hill. The Rock Hill Economic Development Corporation (RHEDC) announced Wednesday that a second speculative building would be built in the business park area.

Stephen Turner, executive director of the RHEDC, said he’s optimistic that the new spec building can sell as quickly as the initial one did, a move that local experts say would help bolster the city’s identity as an attraction to corporate entities.

Speculative buildings are constructed with the intention of placing the structure on the market without a buyer waiting for it.

The initial building in Waterford Business Park was constructed in fall 2014 and received a letter of interest as early as the following December.

In the upcoming weeks, Rock Hill-based Cope Construction will begin work on the latest 40,000-square-foot spec building on a 7.5-acre site on Apex Drive.

“There’s a strong demand for space in the Rock Hill/Charlotte market,” said Turner. The new project was made possible, officials said, by a $1.3 million, three-year interest-free loan from Santee Cooper’s economic development loan program.

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