News Summary
In a surprising decision, Lima One Capital has withdrawn from the $1 billion County Square redevelopment project in Greenville, South Carolina. Initially committed to investing $51.4 million and creating 300 jobs, the company found the project’s pace unsatisfactory and is now seeking a new location for its headquarters. Despite this setback, other components of the redevelopment, including new food-and-beverage options and a Whole Foods Market, continue to evolve, indicating ongoing progress in the area.
Big Shift at County Square: Lima One Capital Pulls Out of Major Redevelopment
In an unexpected turn of events for the city of Greenville, Lima One Capital has decided to step back from its role as the anchor tenant for the massive $1 billion County Square redevelopment project. This news comes as a bit of a surprise, given that Lima One initially made headlines in 2023 when they announced plans to establish a shiny new headquarters right in the heart of the redevelopment.
What Happened to the Plans?
Lima One Capital had big dreams for their investment, pledging a hefty investment of $51.4 million and the creation of 300 new jobs in the area. However, it seems that the pace of progress at County Square didn’t move fast enough for their liking. As a result, the company is now on the hunt for a new location for their headquarters. While it’s disappointing news for those looking forward to Lima One’s presence in the area, their commitment to finding a suitable alternative site demonstrates their ongoing interest in supporting the local Greenville business community.
Current Status of County Square Redevelopment
So how’s the County Square project doing? Construction is still underway, and while Lima One may be leaving, other aspects of the redevelopment are chugging along. The much-anticipated opening of the new County Square was projected for 2025, but some facilities have already made their debut. By the end of 2023, new amenities, including parking garages and county offices, have already opened their doors to the public, indicating that progress is being made, albeit at a slower pace than expected.
What’s Cooking at County Square?
Excitement is still brewing at County Square with the recent announcement that four new food-and-beverage leases have been signed. Joining the ranks of establishments will be Mama’s Comfort Food & Cocktails, Leo’s Italian Social, CRÚ Food & Wine Bar, and MOA Korean Barbecue, which brings the total committed eateries up to an impressive 15. Residents can look forward to indulging in a variety of culinary delights, as the lineup also includes popular names like The Perch Kitchen & Tap and Ben & Jerry’s.
What to Expect in the Future
As for what’s next, the County Square development is set to feature a Whole Foods Market grocery store as its anchor, which is sure to attract shoppers from all around. In addition to the grocery store, entertainment options will abound, with notable tenants such as Pins Mechanical, Fairway Social, Sports & Social, alongside a range of national retailers including Williams Sonoma and Pottery Barn.
Investing in the Community
Moreover, Greenville County is already enjoying the benefits of an impressive 250,000-square-foot administrative building that has just opened as part of the redevelopment. These developments paint a picture of an evolving Greenville that is actively investing in its future, ensuring the city remains a hub of activity and a great place to live and work.
Conclusion
While the leaving of Lima One Capital might feel like a setback, there’s still plenty to be excited about as the County Square redevelopment unfolds. Greenville is on the rise, and with many exciting investments and openings in the works, residents can look forward to a vibrant future filled with new opportunities and experiences. Stay tuned, as this story continues to develop!
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Additional Resources
- WSPA: Anchor Tenant Backs Out of Greenville County Square Redevelopment
- Greenville Online: Lima One Capital Terminates Greenville County Square Lease
- Post and Courier: Lima One Capital Terminated Lease at Greenville County Square
- Wikipedia: Greenville, South Carolina
- Encyclopedia Britannica: Greenville
