Details emerge on $50M residential project overlooking Unity Park

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A private equity and real estate development firm headquartered in Greenville is taking modern architecture to new heights with a multifamily project that will overlook Unity Park.

KVP Inc. Developer and CEO Krish Patel is bringing an approximately 115-unit, five-story $50 million residential building on Mayberry Street overlooking Unity Park: The Delano.

The project would generate close to $700,000 of property tax value for the county and around $75,000 of that will go directly to the City of Greenville, said Patel, emphasizing these numbers are just estimates of the economic impact. There will be in-house management and onsite engineering, to create several jobs. Not only will the building provide market rate units, 20% of the project will also be dedicated to affordable housing, which makes this specific project unique from other multifamily projects, said Patel.

“Unity Park is a place for Greenvillians and tourists to come and enjoy the beautiful outdoors and history the city has to offer,” he said. “This is the first multifamily project at the park, which will give future residents the opportunity to live in an area full of activity and wellness, a place for people who want to be in the city while in a fitness-oriented community. This residential project is going to offer something new that Greenville doesn’t have right now.”

Patel has called Greenville home since 1996, and one of the things he said KVP strives for is the opportunity to work with local entrepreneurs to serve the community with “cutting-edge designs.”

“The Delano is going to be an effort to pioneer modern architecture, trying to bring cutting-edge designs to Greenville, something a lot of developers have done a great job here at, and we want to follow suit and continue that trend,” he said.

KVP hasn’t signed on a general contractor for the project currently, but the architect on record is MHK Architecture.

The developer wanted to bring a project to the city that has “cutting-edge and modern but transitional” architectural design, said Patel. Design plans are still in the process of being finalized, but the vision is to create a modern residential community within Unity Park, he added.

“The vision we have is embodied in several types of elements — from the metal to the wood to the glass that will be used, where you typically see brick buildings or stucco for a downtown Greenville apartment concept this will differ by using more modern elements designed to be a community within a community,” said Patel. “Unity Park is the inspiration to create a living space for those who want to be close to nature and getting to dining and office spaces quickly.”

Patel said he wants people to look at The Delano and see something you would normally see in a bigger city, like Austin, Miami or Atlanta, while also witnessing how it will serve an underserved community that is close to the action of the Swamp Rabbit Trail, where people can run, bike and do yoga.

“We are trying to promote an active and healthy lifestyle in Unity Park and be represented by modern architecture,” he added.

Once plans are finalized, they can be more specific about those cutting-edge inspiration pieces, but the residential building will feature a pet spa, have a place for people who work remotely and have a home office within the community as an amenity, a social pool and workout facility, while also partnering with local fitness and wellness brands to be an extension of its amenity program, said Patel.

The project is expected to begin this fall and will take approximately two years to complete.

KVP Inc. has focused on diversification in the real estate development industry, ranging from retail operations, self-storage, and offices. The company’s portfolio comprises Fortune 100 company brands such as Verizon Wireless retail stores, mixed office space, yoga studios, fitness gyms, fast casual dining, self-storage, and The Delano will be its first multifamily project in downtown Greenville.