Upstate Headlines: Greenville’s Retail Tsunami

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A collection of the top Upstate headlines for the week of November 3, 2014.

Greenville’s retail tsunami– The Upstate is exploding with new apartments and housing-which means a tsunami of retail will rush into downtown. After all, those new residents need somewhere to shop. Magnolia Park is well under way, a new Bass Pro Shop is in our future, and just last week we learned the Greenville News site downtown will become a bustling retail center…

Greenlink Transit to launch online bus tracking and app– With a quick glance at their smartphone screen, Greenlink bus riders waiting at the bus stop will soon see exactly where their bus stop will soon see exactly where their bus is along its route and its expected arrival time…

Third quarter CRE market reports show retail, office, industrial markets are thriving– Retail continues to attract new projects; net absorption rates are up across the board, the industrial market continues to need new product and vacancy in the office market is the lowest in six years, CRE professionals report…

Wiring the globe from Spartanburg County– What began as a 50-man operation three decades ago off exit 63 in Duncan has grown into a multi-facility setup generating over $300 million annually and supporting more than 700 local jobs…

Beach Co. buys property for mixed-use development in Greenville– The Beach Co. plans to build a 292-unit apartment community with 20,800 square feet of commercial space in the North Main neighborhood of downtown Greenville…

Furman Paladins start season at new football complex– Furman University’s new $8.8 million Pearce-Horton Football Complex was completed in time for the 2014 football season. Designed by architects McMillan Pazdan Smith, the 44,000-square-foot facility adjacent to the existing stadium includes a locker room and player lounge/study area as well as coach’s offices…

Upstate retail space picks up with falling vacancy rates– The Upstate retail real estate vacancy rate dropped to 6.8% in the third quarter. That’s down from 7.4% in the second quarter of last year and the lowest rate since the beginning of 2013…