Outlying & Commercial Growth in Greenville SC in 2005

A cold, wet storm gave us a good soaking theNewsIn commercial real estate, Bon Secours St.
last few days, but has finally departed theFrancis Health Systems has taken an option on 54
Upstate and we're looking for nice clear days withacres in the new 250 acre Millennium Campus. This
highs in the mid to upper 50's for the rest of thecampus is adjacent to the International Center for
week.As growth pushes further into GreenvilleAutomotive Research (ICAR) project and across
County, residents are rethinking the historic lackI-85 from the large planned-residential Verdae
of zoning and considering it for the future. Buildingproject. If fully developed, it would dwarf their
permits have increased 42% since 2001 and lookdowntown location (30.2 acres) and their satellite
to continue in that direction. The availability of jobsWomen's and Family Hospital (15 acres) on the
and raw land tend to fuel this growth, reportseastside. St. Francis recently abandoned a
Grant Cunningham, a planning professor ofproposed parking deck joint venture with
Clemson University. Greenville school district'sGreenville Hospital System on the Eastside
decision to build mega-schools in the outlying areascampus.Residential real estate sales have
where land is cheap has also played a factor inremained brisk throughout the fall and holiday
the outward growth.Year/Number of buildingseason and are expected to continue into 2006.
permits: 2001/2032, 2002/2032, 2003/2099, 2004New home construction remains a major player in
2326, 2005/2896.Source: Lee Polowczuk,the inventory of homes available on the market.
Greenville County spokesperson & Greenville