Greenville, South Carolina was the “textile capital of the world” back in the day before everything closed down and moved to China. In its wake has been left abandoned mills scattered throughout the Upstate. Many of these have been converted and renovated back to life and Judson Mill is no exception. But this redevelopment or reuse of the mill has delivered a spectacular adaptation of mixed-use.
If you want to read more about this amazing project, be sure to read the in-depth article published about Judson Mill by the Commercial Real Estate Development Association.
Be sure to check out the Judson Mill District website.
The City of Greenville has been working on plans for a number of years to revitalize a 60+ acre park on the west side of town that has been allowed to deteriorate. The revitalization project is just part of a number of efforts by the City of Greenville to continue to make this city such a great place to live.
The Greenville City Council just approved the Unity Park contract with Harper General Contractors to build the 262 unit apartment building. The contract is for just over $38,000,000.
Check out a Google Image Search for Unity Park Greenville, SC. There are many terrific renderings of what the city envisions the park and surrounding area will become in the near future.
For more information on this amazing redevelopment effort, the City of Greenville has a dedicated site for Unity Park Greenville.
Downtown Greenville on the historic Reedy River
Opportunity Zones are the latest hot trend in investment real estate and big dollars are starting to be poured in to these zones. They were created with the Tax Cuts and Jobs Act of 2017. Greenville, SC stands to benefit significantly from the new tax plan beyond the Opportunity Zones created. We’ll have more commentary on that as it will likely be a theme that will continue to be played out over the next 20-30 years.
The South Carolina Department of Commerce has built an excellent resource for the entire state. Be sure to check out South Carolina Opportunity Zones for maps and specific information you’ll need to help with understand what might be possible here in the palmetto state.
The Greenville Area Development Corporation (GADC) has a helpful article about how Greenville can benefit from Opportunity Zone investments and Greenville Business Magazine covered the topic earlier this year after the Opportunity Zones Summit in Columbia.
Here’s Greenville County’s Opportunity Zone information along with an FAQ from the IRS.
There are already projects in the works where we’ll see tens of millions of dollars invested in to Greenville as part of this new program.