Spartanburg Considers Epic Downtown Development

Largest residential project in city's history proposed

Roger Davis
October 20, 2017 - 3:41 pm
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 Spartanburg City Council is expected to vote first reading approval Monday, Oct. 23, on the largest residential development in the city's history.  Tampa-based Forge Capital Partners wants to build a $30 million, 200-unit apartment complex on an 8.6-acre lot behind the Mariott in the 200 block of Daniel Morgan Avenue.  A spokesman says the design will feature several multi-story buildings with parking for 300 vehicles.  

Under terms of an agreement in negotiation for several months, the city would "convey" the land to the developers at no cost and assist in obtaining economic development property tax breaks from the county.

The Forge Capital Partners project, combined with upstate-based developers' conversions of the Montgomery Building and the historic Aug W. Smith department store into upscale office, retail and residential developments, would increase Spartanburg's downtown apartment inventory to more than 300 units.

According to their website, (http://www.forgecapitalpartners.com/) "Forge is a diversified, commercial real estate investment and investment management company that has executed more than $1 billion in transactions during the past 10 years."

 

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