Kimpton Hotel development seeks abandoned mill tax credit: Greenville City Council notes (2024)

Here’s a recap of the Aug. 12 meeting of the Greenville City Council.

Review: Abandoned textile mill tax incentive

Greenville City Council reviewed an abandoned textile mill site redevelopment project during a work session on Aug. 12.

The Vardry Residences by Kimpton Hotels and Restaurants will soon be developed at 100 N. Markley St. in Greenville’s West End. The development located near Fluor Field will feature 26 condos, 133 hotel rooms and around 9,500 square feet of retail space.

Three abandoned textile mills totaling more than 5,000 square feet previously sat on the site. Much of the existing mill structures were damaged during a significant fire. Keene Development Group purchased the property in 2019.

The developer is seeking to certify the property as an abandoned textile mill under the South Carolina Textile Communities Revitalization Act. City council will formally vote on the item on Aug. 26.

The act grants income tax credits of 25% of the qualified rehabilitation expenses for the site. Sam Konduros, president and CEO of the Greenville City Economic Development Corporation, said the total project investment going forward exceeds $92 million, with $88.3 million recognized as qualifying expenditures.

Construction of the project is expected to begin in October 2024 and be completed in December 2026.

Status update: 9 Upstate commercial real estate projects

Initial approval: Funding for $10.7M property purchase

Greenville City Council authorized the purchase of 36 parcels of land in the Haynie-Sirrine neighborhood on Aug. 12. Initial approval was also given to appropriate $10.7 million for the property purchase, with a second reading still required for final approval. The funding sources include:

• $6.56 million from the Capital Projects Fund
• $3.8 million from the Parking Enterprise Fund
• $244,790 from the Tree Fund

Initial Approval: Grant funding for Opioid Response Team

Council unanimously approved the initial reading of an ordinance to appropriate $630,541 to support the Opioid Response Team. The team was established in 2023and operates under the Greenville City Fire Department.

The funding was taken from the city’s share of opioid-related litigation settlement money received by South Carolina. The city proposal for a second year of funding was approved by the South Carolina Opioid Recovery Fund Board.

Initial approval: Annexation, rezoning on Wade Hampton Boulevard

Initial approval was given by city council to annex and rezone approximately 13.4 acres at 2000 Wade Hampton Blvd. The property is located between the North Main and Wade Hampton neighborhoods.

The property was rezoned CM, Campus District, to allow a new GREEN Charter School to be located on the site. The city’s Planning Commission approved the annexation and rezoning on Aug. 2.

Initial approval: Annexation, rezoning on Roper Mountain Road

Council approved the first reading of an ordinance to annex approximately 11.57 acres at Roper Mountain Road and Independence Boulevard. The property, owned by the Church of Jesus Christ and Latter-day Saints, will be rezoned CV, Civic District, and RNX-B, Neighborhood Flex B District.

The property owner plans to build a new religious institution on the larger, CV-designated parcel. The city’s Planning Commission approved the annexation and rezoning on Aug. 2.

Approved: Amendment of parking agreement with The Commons

Council authorized an amended and restated parking agreement with the owners of The Commons in Unity Park. The parking agreement was established in 2022 to allow customers at The Commons use 102 parking spaces located on city property for 20 years.

The agreement was amended to provide for three renewal terms of 15 years each. The owners of The Commons are also required to contribute money for paving and resurfacing the parking areas.

Related Topics

• greenville
• Haynie-Sirrine
• Kimpton Hotel
• Unity Park