June 19, 2011

The Old Woolworth's Site Downtown Greenville, SC


The Old Woolworth's Site Downtown Greenville, SC

The old Woolworth’s site on Main Street and Washington Streets finally started falling into place after years of waiting and starts, stops and stumbling blocks.

City officials had long identified the block as a key to developing downtown’s reputation as a shopping destination and as a vibrant business center.

“It was our last best chance for retail downtown,” said Greenville Mayor Knox White.

The first phase of One, a $100 million two-tower complex. A 175,000-square-foot, nine-story building will be built in the project’s first phase. About 135,000-square-feet will be office space and CertusBank who has 1.8 billion in assets will occupy 20,000 square feet of office space and have a 6,000 square foot bank branch. Haynsworth, Sinkler, and Boyd will relocate its 45-lawyer, 100-employee firm from Two Liberty Place to 40,000 square feet in One. Retail store Anthropologie will have a 6,400-square-foot prototype store on the building’s ground floor.

There will be a roof top green space for watching parades and the city has budgeted $4 million for improvements to Piazza Bergamo, a public gathering spot at the intersection of Main Street and Coffee Street.

The first tower should start construction this summer and the tower’s office space should be open in late 2012. The retailers won’t open until 2013.

The second tower may include a hotel or residential and maybe completed by 2013.

The project is using $18.5 in New Market Tax Credits through Greenville New Market Opportunities and another $7.5 million in tax credits earmarked for urban projects through TD Bank.


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