Project Category: Original Use Property
1.52 Acres zoned Redevelopment in an ‘Opportunity Zone’ in the West Village of Greenville, South Carolina.
This property is unique as an opportunity Zone investment for several reasons:
1. The value of this property has been rapidly increasing, since we acquired it in 2016, even before ‘Opportunity Zone’ legislation was passed and before it was identified as such.
2. We presently own this property free and clear, and it is already zoned for residential, commercial, or mixed use.
3. There is excellent appreciation potential over 10 years. Most probably, this area will soon be an extension of downtown Greenville, which has become a highly desirable location.
We invite fund managers of ‘opportunity zone funds’ to contact us about potential investment in partnership to develop this property. We have a few options with different start up costs. One of our options was in the late stages of permitting but presently on hold due to the potential for a larger project with greater density and increased ROIC.