Fox Hill Business Park / Fox Carolina
The first major Class A business park development in 20 years was announced last month. The massive 172 acre development was announced by the Greenville Area Development Corporation. The development will be named Fox Hill Business Park. GADC chose New Jersey Developer, Sudler Companies to develop the property.
It’s a very impressive and ambitious plan with nearly 2.5 million square feet of development designed to meet the needs for manufacturing, distribution or warehouse. It demonstrates that there is strong belief that the growth we have seen in the Upstate of South Carolina will continue. Greenville Business Magazine’s story on the Fox Hill Business Park has a lot of excellent additional details about the development project.
Fountain Inn is within easy access to the Inland Port and GSP Airport as well as interstate 385 and 85. There is also lots of expected housing growth in the Fountain Inn area. Greenville County Schools is also building a brand new Fountain Inn High School. It’s set to open for the fall 2021 – if we ever go back to school again 🙂
NAI Earle Furman will be working with Sudler Companies to market the property.
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.