Water Tower Apartments_Property for Sale
Water Tower Apartments_Property for Sale
1000 Water Tower Circle, Greenville, SC, 29601, US

Water Tower Apartments

Asset description

Jones Lang LaSalle, a South Carolina licensed real estate broker (“JLL”), has been retained as the exclusive sales representative for Water Tower Apartments, the “Property”, or the "Asset ”, a 233-unit pre-stabilized multifamily asset. Located northwest of downtown Greenville, the Asset offers residents a variety of walkable nearby retail, dining, and entertainment attractions. In addition to the entertainment options available nearby, residents will enjoy an improved quality of life through Water Tower’s many natural “green” amenities, most notably, the adjacent 28-mile Swamp Rabbit Trail, Unity Park and Falls Park on the Reedy.


Water Tower is a 4-story, elevator served, surface parked, garden asset featuring best-in-class finishes and amenities. The interior finishes include resilient wood-style flooring, work nooks with built in desks, gourmet kitchens with designer cabinets and quartz countertops, stainless-steel appliances, and luxurious bathroom finishes. Offering a luxury tenant experience in a walkable entertainment district just outside of downtown Greenville, the opportunity is being offered at a significant discount to replacement cost, representing a fantastic basis for new Class-A construction in a high growth market in the Carolinas.


The Property is just a few minute walk from Hampton Station, an 80,985 SF destination for dining, drinking and entertainment. The adaptive-reuse development has more than ten tenants including restaurants, a coffee shop, an electric bike store and rental service, a daycare/boarding facility for dogs, art studios, and several other entertainment attractions. Hampton Station is a hot attraction in Greenville, offering something for every resident of Water Tower Apartments just minutes away.


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Attributes

Units
233
Year built
2024
Building area net
16,049 sm

Media

Investment highlights

  • Significant Discount to Replacement Cost
  • Proximate to Swamp Rabbit Creek Trail and Downtown Greenville
  • Best-in-Class Finishes and Amenities
  • Walkable to Newly-Developed Entertainment District
Water Tower Apartments 4_Property for Sale

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Last updated
Sep 23, 2024