TEDxGreenville 2020 – Brain Candy

Image Credit: TEDxGreenville

TEDxGreenville has released its list of exciting speakers coming to Greenville on March 28, 2020 for a day of what should be inspiring, motivating and educational TedTalks.

The event will be held at the Greenville One Center. The theme is called “Brain Candy.” The event is being organized by Russell Stall. You can view many of the TEDxGreenville presentations on YouTube.

Below is what looks to be the most popular presentation ever from TEDxGreenville with an incredible 5 million views on YouTube. It was a talk given by Cynthia Thurlow on intermittent fasting at last year’s event.

Tickets go on sale later this month for TEDxGreenville 2020 slated for March 28, 2020.

Flash Flooding Risk to the Upstate as Creeks Overflow

Gilder Creek overflowing in River Walk, Simpsonville, SC

The Greenville, Simpsonville, Mauldin area experienced about 5-6″ of rain today. Most of it fell very quickly this morning from about 9am to noon with a little let up at lunchtime. The rains then came back. There were lots of news stories about damage and flooded out roads throughout the Upstate. We saw images all over Facebook of various creeks that had risen significantly. The images below are from the River Walk neighborhood where Gilder Creek runs through it.

I had a chance to chat with a neighbor who said he’s lived here 20 years and never seen it quite like this. As I understand it, there have been a couple of rain events over the past 20 years where they have had an overflowing creek that has taken out a walking bridge or two. I’m not aware of any flooding that has happened to anyone’s home in the neighborhood. The good news is the water has finally started to recede.

Parkside Drive in River Walk, Simpsonville, SC
View from River Walk Drive Car Bridge, Simpsonville, SC

New Kimpton Hotel Coming to Greenville’s West End

Photo Credit: Kimpton Hotels & Restaurants

This is an exciting development coming to Greenville’s Historic West End District. It was just announced that Kimpton Hotels will be building a 170 room hotel at the corner of Markley and Rhett Streets. I’ve stayed in Kimpton Hotels before. They have always been gorgeous with great service.

The new project is Greenville is is just one block off of Main Street. It’s on the other side of Main opposite Flour Field. It’s a great sign that development is moving off of Main Street. That’s a big deal and should lead to additional development.

The Upstate Business Journal has an excellent article about the new to-be-built Greenville Kimpton Hotel along with HospitalityNet has an article as well.

Greenville Needs a New Convention Center

Greenville Convention Center
Greenville Convention Center

This week I had a chance to attend an event at the Greenville Convention Center for the Home Builders Association of Greenville. It’s located in a warehouse district area close to the downtown airport in Greenville. The building itself is fine, however, the location is not particularly appealing for the kinds of bigtime events that I think could be attracted to Greenville. There are no other venues near by such as bars or restaurants. Greenville is evaluating building a new convention center in downtown Greenville along the Reedy River. This is something that we need to do. We need to work with the state and find the money.

What to do then about the existing space? I’m not sure. Maybe it becomes a big warehouse. I don’t know. But when you think about how cool downtown Greenville is and how beautiful Greenville-Spartanburg International (GSP) is, I think it’s time they build a gorgeous new convention center.

Runway Park at GMU Greenville Airport

GMU Runway Park Greenville
Runway Park at GMU – Greenville

There’s a wonderful surprise that awaits you at the Greenville Municipal Airport – GMU. There is a children’s park at the Greenville airport called Runway Park at GMU. It’s terrific! It’s tucked away in an old warehouse park but don’t let that discourage you. It looks like there’s lots of redevelopment going on in that area and you go by the very modern looking Humane Society building.

We went there for a visit as our daughter and granddaughter were in town. It was a cold Saturday morning in Greenville but the sun was starting to poke through after a couple of days of rain. We were there about 9:30am on Saturday so the plane traffic was quite. A good sized private jet had just landed and we saw 5 or 6 other Cessnas take off and land. Our granddaughter is 20 months so a little on the young side for the planes to capture too much of her attention. I would think kids 3-8 or 9 years old would absolutely love it!

One of a few climbing gyms at GMU Runway Park

There are a few climbing gyms for kids, plus a swing set that has some swings for bigger kids plus a swinging bucket for toddlers. There is also a pavilion available for various parties. Reservations are required I believe. As you walk in to the park from the gated entrance there is a very cut runway complete with strips and numbers to make it look like a real run way. According to the official web page for the park, it’s about 1.3 acres and there is a nice paved path that runs along the perimeter of the park. There are nice comfortable benches along the way as well. But the thing I liked the best was the many stations along the way with colorful boards designed to educate children and adults about aviation and the history and importance of GMU. It was really well done.

GMU Runway Park Greenville – Kids Runway and Climbing Gyms

We will certainly come back again especially once the weather improves. I’d like to also make a point to come back when the Runway Cafe is open.

12 Predictions for Home Building

Builder Magazine recently published an excellent article by industry expert, George Casey titled, “12 Predictions for Home Building.” The home building industry has recovered since the housing market crash of 2008 but we are still no where near the levels we should be at or near anything like where we were prior to the crash. There are many reasons why the industry has not fully recovered but we have to come up with innovative ways now to get back to building more housing.

There are lots of takeaways from Mr. Casey’s piece, but a couple of things particularly standout in my mind:

  1. More of the home building process will move to the factory where we’ll have more pre-built homes that will be assembled on site. This will help drive down costs as well as deal with the labor shortage
  2. Builders, developers and REALTORS need to work closely with government officials to help come up with more innovative housing options. What you see right now is often the result of current regulations. A big area of opportunity will be in redeveloping or converting large homes in to multi-unit rentals.
  3. Trends in terms of government incentives is no longer driving people toward homeownership…new rental models need to be considered. We’ll likely see new kinds of companies, players, investors, JVs come in to play to make this work…might even see triple net leases with longer terms for rental housing. Interesting.

Anyway, there’s a lot in the article by Mr. Casey. I would highly recommend you take the time to read it.

Greenville Area Home Prices end 2019 up 5.7%

Greenville Area Median Sales Price of Homes 2019
Source: Greater Greenville Association of REALTORS ®

The Greenville area continues to see healthy increases in home values and the area continues to see growth in population and jobs. 2019 ended the year with the median home price up 5.7% to $216,745. The average home price is up 5.1% to $251,673 according to the latest home sales statistics published by the Greater Greenville Association of REALTORS®.

2019 Ave Sales Price for Homes in Greenville Area

Closed sales we believe is a better measure of the overall housing market than is home price appreciation. Price is a lagging indicator. So if sales fall, normally we would expect to see a softening in home prices. However, we are in a somewhat unique market, especially in certain areas of the Greenville area, where we have a real shortage of property. Anyway, 2019 was yet another strong year for the Greenville Area as 14,574 units sold up 6.5% from the previous year.

Greenville Area Closed Home Sales 2019 up 6.5%

Some other key data points to consider:

  • Days on Market until Sale saw a slight uptick to 53 days up from 51
  • Inventory of homes for sale was up 14.2% overall
  • Months supply of inventory also moved up from 3.3 to 3.6 months. This is still a sellers market but it it moving toward a more neutral market. Neutral is typically between 4-6 months of inventory. That said, the Greenville area has many micro markets so be sure to check with your professional REALTOR® when trying to understand a particular property in a specific part of town.

The Greenville Journal also published some great information recently that gives a lot of perspective on the Greenville County real estate market.

Greenville City Council Approves $1 Billion County Square Redevelopment Plan

Rendering of County Square – view from Liberty Bridge at Falls Park on the Reedy.
Image prepared for the City of Greenville by the developer RocaPoint Partners

After some early contention between the Greenville City Council, local citizens and Greenville County, the city of Greenville has stepped forward and approved the massive $1 Billion redevelopment plan for County Square. The quality and scale of this project will forever change the city.

According to the Greenville News story, the Hayne-Sirrine neighborhood has come around and has endorsed the project. It seems the city, county and developer has made concessions but also has done a better job of late in listening to their concerns. One of the biggest concessions was the agreement that buildings would be capped at 12 stories. The developers had originally requested 20 stories.

The project will include a new $65 million Greenville County office building that appears will be state-of-the-art. Office, retail, and housing will comprise the rest of the project. Here’s the site Greenville County has set up for the County Square redevelopment. They call it University Ridge Redevelopment.

The developer is Atlanta-based RocaPoint Partners.

Greenville Poinsettia Christmas Parade

Greenville Poinsettia Parade 2019

This is a much belated post but I would be remiss not to comment on the incredible Greenville Poinsettia Christmas Parade in downtown Greenville on Main Street.

Thousands showed up for this year’s event. The weather was phenomenal – about 55 degrees and no rain. Last year was not so nice as it rained the entire time. But this year was one of the record books! It was wonderful to hear from so many of the high school marching bands as well as see floats from many businesses, service providers, news media and local politicians…of course Santa brought up the rear.

The crowds were huge and it’s always amazing how friendly and calm the crowds are in downtown Greenville at events like this. The other thing to note about heading to events like this in Greenville is that there always seems to be ample parking. There are many large, public parking ramps scattered throughout downtown. We had no problem finding a ramp within easy walking distance to main street.

Enjoy the photos!

Greenville Area Median Sales Price for Homes Increases 5.9% YTD to $217,000

The Greenville area continues to see a steady increase in home prices as the latest data from the Greater Greenville Association of REALTORS® shows that the median price of a home sold in the area is up 5.9% so far year-to-date through October, 2019.

Median Home Sales Price Greenville Area
Median Home Sales for the Greenville Area YTD Oct 2019

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