For Release July 14, 2020 Sharon Self, 864.518.

0753
sself@greerdevelopment.com

GREER ANNOUNCES APPROXIMATE $32 MILLION INVESTMENT IN MIXED-USE

DEVELOPMENT IN DOWNTOWN GREER. CITY OF GREER ANNOUNCES
COMPLETION OF CENTERG PROJECT PHASE 1.
Return on investment has already surpassed $100 million.

GREER, S.C.– The City of Greer is celebrating the completion of Center G Project Phase 1, an 18-month
streetscape project. CenterG is a $25 million investment that includes the streetscape, Center for the
Arts renovation, lighting improvements, and the municipal parking deck. This was in addition to one of
Greer Commission for Public Work’s (CPW) largest infrastructure improvement projects to-date, valued
at $2.5 million and paid from Greer CPW’s operating funds. The City of Greer is announcing an additional
$4.6 Million investment in Phase 2 of the CenterG project. Sossamon Construction will extend its
downtown streetscape work north from Poinsett St. and N. Main St.to Arlington Ave.

Keith Eades, Owner and Managing Partner of Idea River Development, today announced plans for an
approximate $32 million investment in a mixed-use development, called ParkView Greer and formerly
known as Project Homecoming, including 4-story upscale apartments with 226 units in downtown Greer,
South Carolina. The project will be located at the corners of Main, Jason, and Cannon Streets with two
L-shaped buildings and a central parking lot servicing the complex. In addition to the apartments, the
project includes a standalone brewery and restaurant on the corner of Jason and Cannon Street. The
project is adjacent to the Greer City Park in downtown Greer, and includes seven parcels totaling
5.29 acres. This opportunity is part of a larger investment in support of the City of Greer’s,
CenterG project.

Keith Eades stated, “Idea River Development, LLC is proud to partner with the City of Greer, and
participate in its continued transformation. Today we are announcing ParkView Greer, a new
development including 240 upscale apartments, retail space, and a standalone brewery/restaurant. The
project is adjacent to the City Park in downtown Greer. The architect is David Langley of Langley &
Associates of Greer and construction is anticipated to begin in 4th quarter of 2020.”

Phase 1 of the CenterG Project has transformed Trade St. through a shared street design by removing
curbs and replacing them with multi-colored pavers. The removal of curbs also creates an open space,
allowing the street to be transformed into a pedestrian plaza for special events. CenterG builds on the
corridor’s vibrant historical character by investing in new lighting, landscaping, and street infrastructure.

Ed Driggers, Greer’s City Administrator, states "This project was designed to transform our central
business district for the next century. We knew from our previous downtown projects that public and
private investments would follow the vision of the CenterG project. It helped leverage such work as
redevelopment by Tribe 513, Parkside Pediatrics, and Grace Church. It was the motivating factor for
Sycamore Greer to commit to building a downtown hotel with an adjacent public parking deck. And
numerous businesses confidently opened on Trade Street while work was underway outside their doors.
The return on our investment in Greer Station will be substantial and it will be felt for many years."

Return on this project’s investment has already surpassed $100 million based on the value of renovated
properties and new commercial and residential projects, including the Sycamore Investment Group’s
downtown hotel project. The hotel’s 108 rooms will have a significant impact on the downtown Greer
business economy.

Neetu Patel, Vice President of Operations for Sycamore Investment Group stated, “The Hampton Inn by
Hilton Greater Greer is our most anticipated project to date. We are excited that all the pieces are
coming together. Downtown Greer is a market that we have talked about for the past 10 years, and we
couldn’t be more excited to be part of this thriving community. The support we have received from the
city and the community has been unwavering. The hospitality industry is resilient, and we are excited to
start seeing signs of a recovery. Our opening in fall 2021, should come at just the right time. We have
already had social groups reaching out wanting information on our timeline.”

"Greer Station is where this great city was founded,” said Mayor Rick Danner. “And it’s a point of great
satisfaction to know that our downtown district’s rich history will live on with a distinct new look and
feel. We look forward to celebrating with merchants this grand new environment that will attract new
visitors to our world-class restaurants and businesses. These improvements are attracting new
investments and strengthening the City of Greer’s economy, confirming what we already knew: the City
of Greer is a great place to live and do business."

“After many years of planning, prep work, and collaboration, we are excited to see the CenterG project
come to fruition. We believe solid infrastructure is the foundation to a successful community, and we’re
happy to have played a small part in the success of this multi-million dollar project,” said Mark Harvey,
Greer CPW Engineering and Planning Manager.

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For more information on the City of Greer, please visit www.cityofgreer.org. Follow the City of Greer on Facebook
(@GreerSouthCarolina) and Twitter (@CityofGreer).

The Greer Development Corporation’s (GDC) mission is to target quality development to secure Greer’s future. GDC works to
increase the wealth creating opportunities in the community, while preserving the high quality of life in one of South Carolina’s
fastest growing communities. To learn more, please visit www.greerdevelopment.com.

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