Congratulations to Bryan Beal and the whole team at Innovative Hospitality & Development who brought this remarkable project to life. Millions have been invested to bring these 3 properties back to use in the town of Fountain Inn. I was down there a couple of weeks ago when they were putting the finishing touches on the buildings. I can’t wait to see the completed project.
According to the Upstate Business Journal article, the Mill at Fountain Inn is open! This will be a major asset for the City of Fountain Inn and its residents. Soon they will have a gigantic TV screen installed outside. I don’t know if there is a bigger one in the state of South Carolina once this is operational. People will be able to sit out there on law chairs on the green space and watch movies or sporting events. It really should be fabulous!
The property consists of historic buildings and a gathering space. WYFF just published some additional information about The Mill.
Build for rent continues and bigger and bigger investment firms, partnerships and REITs are interested in acquiring these neighborhoods. No doubt Wall Street hedge funds and partnerships are also acquiring these rental neighborhoods.
Here’s the story about Foxchase being sold for $41 million in the Upstate Business Journal. Haven Realty Capital out of Los Angeles has partnered with Plymouth Meeting, PA based CenterSquare Investments to acquire this asset. The home builder is Crescent Homes out of Charleston, SC.
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.