Greer Announces Approximate $32 Million Investment In Downtown Mixed-Use DevelopmentJul 14, 2020 10:04AM ● By David Dykes
(Pictured: Jason and Cannon streets. Rendering provided.)
The City of Greer announced a $32 million investment in a mixed-use downtown development, and completion of the first phase of the city's CenterG Project.
Keith Eades, owner and managing partner of Idea River Development, announced plans for an approximate $32 million investment in a mixed-use development, called ParkView Greer and formerly known as Project Homecoming, including four‑story upscale apartments with 226 units in downtown Greer.
The project will be located at the corners of Main, Jason, and Cannon streets with two L‑shaped buildings and a central parking lot servicing the complex.
In addition to the apartments, the project includes a standalone brewery and restaurant on the corner of Jason and Cannon streets. The project is adjacent to the Greer City Park in downtown Greer, and includes seven parcels totaling 5.29 acres. City officials said the development is part of a larger investment in support of the City of Greer’s CenterG project.
Said Eades: “Idea River Development, LLC is proud to partner with the City of Greer, and participate in its continued transformation. Today we are announcing ParkView Greer, a new development including 240 upscale apartments, retail space, and a standalone brewery/restaurant."
The architect is David Langley of Langley & Associates of Greer. Construction is anticipated to begin in fourth quarter of 2020.
CenterG's $25 million investment includes streetscape work, Center for the Arts renovation, lighting improvements, and a municipal parking deck.
That was in addition to one of Greer Commission for Public Work’s (CPW) largest infrastructure improvement projects to-date, valued at $2.5 million and paid from Greer CPW’s operating funds.
City officials announced an additional $4.6 Million investment in Phase 2 of the CenterG project. Sossamon Construction will extend its downtown streetscape work north from Poinsett Street and North Main Street to Arlington Avenue.
Phase 1 of the CenterG Project has transformed Trade Street through a shared street design by removing curbs and replacing them with multi-colored pavers. The removal of curbs also creates an open space, allowing the street to be transformed into a pedestrian plaza for special events. CenterG builds on the corridor’s vibrant historical character by investing in new lighting, landscaping, and street infrastructure, city officials said.
"This project was designed to transform our central business district for the next century," said Ed Driggers, Greer’s city administrator. "We knew from our previous downtown projects that public and private investments would follow the vision of the CenterG project. It helped leverage such work as redevelopment by Tribe 513, Parkside Pediatrics, and Grace Church. It was the motivating factor for Sycamore Greer to commit to building a downtown hotel with an adjacent public parking deck. And numerous businesses confidently opened on Trade Street while work was underway outside their doors.
"The return on our investment in Greer Station will be substantial and it will be felt for many years."
City officials said the return on the project’s investment has surpassed $100 million based on the value of renovated properties and new commercial and residential projects, including the Sycamore Investment Group’s downtown hotel project. The hotel’s 108 rooms will have a significant impact on the downtown Greer business economy, the officials said.
“The Hampton Inn by Hilton Greater Greer is our most anticipated project to date," said Neetu Patel, vice president of operations for Sycamore Investment Group. "We are excited that all the pieces are coming together. Downtown Greer is a market that we have talked about for the past 10 years, and we couldn’t be more excited to be part of this thriving community.
"The support we have received from the city and the community has been unwavering. The hospitality industry is resilient, and we are excited to start seeing signs of a recovery. Our opening in fall 2021, should come at just the right time. We have already had social groups reaching out wanting information on our timeline.”
"Greer Station is where this great city was founded,” said Mayor Rick Danner. “And it’s a point of great satisfaction to know that our downtown district’s rich history will live on with a distinct new look and feel. We look forward to celebrating with merchants this grand new environment that will attract new visitors to our world-class restaurants and businesses. These improvements are attracting new investments and strengthening the City of Greer’s economy, confirming what we already knew: the City of Greer is a great place to live and do business."