Serrus Capital Partners, led by Leighton Cubbage and Steve Mudge, has broken ground on the third phase of The Falls at Meehan in Pendleton. The first two phases consisted of single-family homes. Phase III will continue with single-family homes along with a community pool and playground area. Developers say the pool should be finished this summer.
Serrus Capital Partners bought The Falls at Meehan from Synovus Bank in 2012. Cubbage and Mudge have developed a new community plan for the 100-acre site that includes townhouses and apartments. There also will be a clubhouse and rental office. The builder partner for The Falls at Meehan is Sundog Homes in Asheville.
“The amenities make a difference. I don’t think any other place at this price point has these offerings,” Mudge told GSA Business Report.
Once built out, The Falls at Meehan will have 300 apartments, 184 single-family homes and 97 townhouses, Mudge said. He also said the apartments that will be for rent “will not be student housing.”
“The rental apartments will have a separate entrance, behind the Dollar General,” he said. The Dollar General sits at the end of South Mechanic Street near U.S. Highway 76.
“The community is growing and with Arthrex opening, a community like this is significant to our area,” Mudge said. Arthrex is a global orthopedic medical device company opening this summer in Sandy Springs. The company plans to hire more than 1,000 workers over the next several years.
Cathy Pinion, head of sales with Serrus Capital Partners, said the location and offerings of Falls at Meehan make it an attractive place to live. She said that in about 30 days she sold four townhomes and three houses.
“This area is close to Clemson University and downtown Pendleton. It has a sense of community. It is a sidewalk community,” she said.
The townhomes will be 1,365 square feet, have three-bedrooms and 2 ½ bathrooms with a single car garage. They will have large, open floorplans with spacious kitchens, 9-foot ceilings and high-quality standard finishes, according to a news release. Single-family homes feature three and four-bedroom options. Buyers can select from a variety of upgrades to personalize their home.
Mudge said there are plans for an indoor storage facility at the site. The community also has a bank and is next to Tri-County Technical College parking.
“We are thrilled to be expanding the Falls at Meehan to offer more flexibility to potential homeowners,” Mudge said in the release. “The townhomes are the perfect option for young professionals, while our single-family homes provide more flexibility and space. With many families who call this community home, the pool and playground will surely be a welcomed addition.”
Falls at Meehan is one of several developments in North and South Carolina backed by Serrrus Capital. Cubbage and Mudge are also the developers on the currently under construction Lakeside Lodge Clemson, a condo hotel set to open this fall.