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Does this specifically approve one of the recent failed attempts to build near Charles and Firetower, or is this generally speaking for future projects?
Does this specifically approve one of the recent failed attempts to build near Charles and Firetower, or is this generally speaking for future projects?
In a similar letter sent to the council, Richard A. Hart of ChainBridge Capital, said his organization was currently negotiating to purchase The Captain’s Quarters, and large complex north of the Tar River, but the approval of “The Retreat” would negatively influence investors who were already concerned about saturation.
The Captain's Quarters or whatever they are calling the North Rec. apartments...at this point, I don't see why anyone would try to keep them student housing. They should renovate what needs to be renovated and market it to pretty much anyone else besides just students.
That location is really not going to work for students...it's too far away from, well, everything except the North Rec. Fields.
Quote:
Fred Pierce, president and CEO of Pierce Properties, owner of The Landing, sent an email to the council on Wednesday asking for the zoning request to be denied. The email stated concerns regarding the oversaturation of student bed spaces in the Greenville market, a market which according to Peirce is near a “tipping point” and will be further exacerbated by the addition of Campus Edge, a large complex underway on 10th Street.
Not sure why he has to call out Campus Edge in particular...what about the other apartment complexes going in the uptown area. Campus Edge will be one of the nicer ones when completed...if a student can afford to live there, trust me, they would not be living at the Landing anyway. All feedback I hear from students about the Landing is horrible. Maybe they should up their game and stop worrying about a new complex coming in and hurting their already poor apartment complex.
I'm ok with the Charles development bc it fits the land use, but as we've mentioned here before the city must have a plan for student housing and data to show if more is needed.
Why I like this is that I think Bells Fork has the potential to be a nice little pocket for the city. There is still space for development behind the Foodlion, across from Tiebreakers and behind Parkers. If developed properly that area could be a neat "village" of sorts walk-able for a high volume of people. I'd love to see a sidewalk system developed throughout that area the promotes a smaller, connected feel, and encourages patrons to navigate the area.
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