Greenville SC Real Estate Update-Sept 2006
Author: Lee Cunningham Article source: http://www.articlealley.com/. Used with author's permission.
Good Morning Everyone!
The Reedy River's pedestrian trail continues to radiate from the downtown area as key pieces of land fall into place. With the recent approval of a quarter-acre parcel, the southern portion is close to reaching Greenville Tech from Cleveland Park, crossing a proposed new bridge behind the YMCA. Additional progress has been made to the northern city limits and should be in place to open in a few weeks. Plans have also been proposed to connect additional trails with Travelers Rest.
The Cleveland Street YMCA has also announced a $7.8 million expansion project to break ground in February of 2007 and be completed by late 2008. A new facility will be built on 22 acres next to the current complex and will feature a 7000 square foot wellness building, teen center, food court, children's splash park, warm-water pool and a cool-water lap pool.
Downtown Greenville continues to attract banking institutions desiring a position at the hub of the Upstate business community. Palmetto Bank of Laurens, SC has announced they will build a new corporate headquarters at the corner of Church and E. North Streets. Palmetto Bank has more than 400 employees and $1.1 billion in assets.
According to the Greater Greenville Association of Realtors MLS, unit sales for single family residential homes through August 31 of 2006 are up 11.5% over the same period in 2005. With 7005 units sold this year, the average price is up 8.6 % to $180,154 with an average time on the market at 85 days.
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