Greenville Apartments LLC is an investment in a to-be-built nine-story building featuring 244 luxury rental apartments, 14,000 square feet of retail and 424 parking spots in Greenville, South Carolina, to be called The McClaren. The apartments will feature gourmet kitchens with quartz countertops, laminate wood flooring throughout, contemporary fixtures and private balconies. The finishes will be equal to or better than “best in class” competition, and most importantly, will provide the largest square footages in the market for residents. Additionally, there will be 22,766 square feet of amenity space consisting of a fitness center, large pool deck outfitted with BBQ stations, firepit and multiple tv lounges; a chef’s kitchen with outdoor terrace space, meditation room, sauna and movie theater. The property is located one block from the corner of South Main Street where all retail and restaurants are located. Downtown Greenville’s development over the past four decades is the result of a series of momentous achievements, each signifying a milestone on a journey that took the declining city centre and made it into one of America’s best downtowns.
Greenville County, South Carolina is the most populous county in South Carolina with nearly one million residents and growing. The beautiful scenery surrounded by the Blue Ridge Mountains only enhances Greenville as the economic engine of South Carolina. The county is home to 650 manufacturers, 40 Fortune 500 companies, and 150 headquarters such as TD Bank, Michelin and BMW to name a few. One of the few inland ports in America is located in Greenville County, which extends the reach of the Port of Charleston by 212 miles. This is a critical reason why manufacturing has grown so exponentially since 2013. With a low cost of living, mild climate, award winning schools, and an international airport, the quality of life is very strong.
The Project is located in a federally designated Opportunity Zone; therefore, the developer will construct, stabilize, and continue to own and operate this property for ten years to be exempt from future taxes on capital gains income invested into this project.
Construction of this project is anticipated to be completed in 2021.