New Gateway at the Green project announces key partners

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The Greenville Housing Fund, Gateway Development and Creative Builders have announced their key partners in Gateway at the Green, a 72-unit, apartment community under construction on Webb Road near Haywood Mall.

Gateway at the Green involved a capital investment of approximately $20 million, according to a news release. In addition to support from the Greenville Housing Fund, the project was funded through a $14.5 million construction loan from Synovus Bank, a $10.5 million federal tax credit investment from Synovus Community Investment Capital, a $5.5 million state tax credit investment from Monarch Private Capital and a $3.5 million permanent loan from Centrant Community Capital.

In addition, the following companies are collaborating on the project. Creative Builders serves as general contractor; Studio 8 Architecture provided the architectural design and Site Design is handling the civil engineering.

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The project will bring the affordable development to Webb Road, adjacent to Mall Connector, Congaree, and Woodruff Road businesses and to Greenlink Transit connections. The Patewood medical campuses and the new city of Greenville, Greenville County, and state of South Carolina public services cluster on Halton Road are also nearby. Leasing at the complex is slated to begin in late summer 2025, the release stated.

Gateway at the Green will consist of three energy-efficient residential buildings containing a mix of one-bedroom/one-bathroom, two-bedroom/two-bathroom, and three-bedroom/two bathroom units. A community clubhouse will house laundry facilities, a computer lab, a fitness room, a community gathering space, and a leasing office.

In the five years since its inception, the Greenville Housing Fund has invested more than $19 million and leveraged $250 million in creating or preserving more than 1,550 units of housing in Greenville County, many affordable to households living on as little as 30% of area median income, the release said.