One of downtown Greenville’s “most prominent sites” will be officially hitting the market within the next few weeks.
The approximately 2.4-acre property includes the Bowater Building and adjacent parking garage, which is currently owned by WCM Global Wealth, a local financial services firm, and is located along the Reedy River in Falls Park.
Charles Gouch, senior vice president of CBRE’s Office Services team, said the sale will be conducted through a bid process with pricing guidance between the low- to mid-$40 millions.
“It’s arguably one of the most prominent sites in the city of Greenville, with river frontage,” Gouch said. “I think it’s a site that definitely has a lot of attention, not only locally, regionally, but even nationally. So, we’re very excited about what could happen there.”
Gouch said they hope to identify a buyer by mid- to late-November.
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In March, the Greenville City Council granted former City Manager John McDonough approval to move forward with the purchase sale agreement of City Hall, 206 S. Main St., with M. Peters Group for $12.5 million.
Council also authorized McDonough to move forward with the purchase of two floors at 55 Camperdown Way — the Bowater Building. When finalized, the deal would move Greenville City Council Chambers and multiple city departments to the building on the edge of the Reedy River in Falls Park.
The purchase and renovations of the two floors at the Bowater Building would cost $14.3 million.
Beth Brotherton, Greenville’s director of communications and engagement, said the city never intended to purchase the entire Bowater Building, just two floors, so their options are still open.
“We will work with the new owners to pursue an agreement, with provisions for parking as a primary objective,” she added. “We still have the possibility to remain on several floors at 206 S. Main in a redeveloped, renovated space.”
SC Biz News attempted to reach WCM Global Wealth for comment via email but has yet to receive a response.g