Project Location Information
The Project will be
located as close to downtown Greenville, SC as possible
with easy access to I85 and I385.
Current location for the temporary leased location is
very close to the major retail area of the Upstate of
South Carolina, Also it is close the Roper Mountain
Science Center and Spare Time family fun center, a short
drive from the Greenville Zoo, Children's Museum of the
Upstate and downtown Greenville.
Demographics
The Greenville MSA is the most populated region in South
Carolina with more than 1.2 million residents, with an
annual growth rate of 10 percent from 2000 to 2007.
Greenville was included in America's 50 hottest cities per Expansion Managements survey of national site consultants.
Highest level of foreign capital investment per capita in the nation and rated as a top area for European expansion in the United States, as recognized by the New York Times, USA Today and Business Week.
Greenville has attracted more than $6 Billion in new business investment and 43,000 new jobs during the past decade alone. To that point, BMW recently announced a $750 million infusion to its Greenville operation.
4.8 million people visit Greenville annually and spend more than $780 million.
MSA | County | 25 Mile | 15 Mile | 5 Mile | |
---|---|---|---|---|---|
Population |
1,321,980 |
456,675 |
806,388 |
503,368 |
151,256 |
Households (HH) |
503,933 |
166,706 |
320,798 |
201,567 |
63,608 |
Avg HH Income |
$55,970 |
$63,626 |
$58,950 |
$62,373 |
$72,576 |
Regional Map
Traffic Count
MWOT™
will be strategically located near Interstate
85, the busiest interstate in the
South, Interstate 385
and Woodruff Road.
I-385 - 86,000 Vehicles per Day (VPD)
I-85 North of 385 - 110,800 VPD
I-85 South of 385 - 97,400 VPD
Area Economic Development
Greenville is recognized as the economic center of South
Carolina. It boasts the highest level of foreign capital
investment per capita in the nation with more than 240
international firms from 23 nations located in
Greenville including BMW, Protera, Michelin, Hubbell
Lighting and many more.
Greenville County also serves as the retail hub of the
Upstate with more than $12.9 billion in retail sales
annually and a 26% growth over the last five years.
The Greenville-Spartanburg-Anderson MSA was ranked
seventh among all MSA's by site consultants considering
the top markets for economic development in the
millennium.
Several major economic development projects are now underway within a three-mile radius of MWOT along Greenville's Power Corridor.
Verdae Development
The 1,100-acre, mixed-use community is being developed
by Verdae Properties and Verdae Development, Inc., and
is bordered by I-85, Woodruff Road and Laurens Road. The
Master Plan for this mixed-use community has been
completed and calls for residential (single family,
multi-family, and senior living), office, commercial,
retail, hospitality and civic projects as well as its
own Town Center and associated recreational amenities.
Upon completion, Verdae will have more than 8,000
residences, 500 businesses and support approximately
15,000 jobs.
www.verdaedevelopment.com
CU-ICAR
The Clemson University International Center for
Automotive Research (CU-ICAR) will establish the area as
the new center of the motorsport industry. This premier
Automotive and Motorsport Research Center will offer
training and advanced degrees in automotive engineering
and motorsport technology, and create approximately
20,000 high-paying jobs. www.cuicar.com
Millennium Campus
Adjacent to the CU-ICAR. The Millennium Campus will soon
serve as the headquarters for Hubbell Lighting, a major
manufacturer of lighting equipment, and other Fortune
500 companies such as Microsoft will have a presence
there.
www.millenniumcampus.com
Lifestyle
With companies and residents from all over the world,
Greenville offers a cosmopolitan lifestyle with
international influence. As the cultural and
entertainment center for the Upstate, Greenville
features an award-winning downtown, a major performing
arts center, a 17,000-seat arena, a 368,000-square foot
exhibition center, nationally recognized museum
collections, and 39 parks, playgrounds and recreation
centers. Rated the 19th best housing market for 2010 by
Builder magazine, Greenville continues to enjoy a steady
flow of new residents, leading to its diverse population
and increasingly global flavor.
Reedy River Falls Park in Greenville, SC
Greenville News: Greenville makes
list of Top 20 housing market
The Greenville-Mauldin-Easley
metropolitan area is expected to be one of the nation's
"front-runners" in the housing recovery this year.
Builder magazine's online version ranked the
Greenville-Mauldin-Easley metropolitan statistical area
19 in its listing of top 20 healthiest markets in the
nation for 2010. Greenville was cited for, among other
things, affordable housing, strong population growth and
its position on Interstate 85 between Atlanta and
Charlotte. Nick Sabatine, chief executive officer
of the Greater Greenville Association of Realtors, said
the article states what people in Greenville have
already known but what other areas are now finding out.
"This is a healthy housing market," Sabatine said.
"We didn't have the tremendous declines that other markets
had, so we've been pretty healthy all along. We just
remind everyone that it's going to be a slow, steady
recovery, but it's going to recover." Micheal Dey, executive vice
president of the Home Builders Association of
Greenville, said he would like the region to be in the
top 10, but the ranking at 19 "tells me we still have
some challenges we' re being faced with in the Greenville
market, compared to some of the other markets in the
Carolinas." Dey said the report also shows that
Greenville didn't have runaway value appreciation and
has been a relatively stable marketplace. "We certainly
built more houses than the market was demanding for a
while, but compared to some of the other markets in the
country, we were very conservative here," he said.
"The
marketplace has absorbed the product here relatively
quickly, which is good news."
Building permits from the first quarter of 2012 where up
and one of the factors the magazine used for its ranking.
Greenville had a 13 percent increase in total building
permit activity in the fourth quarter of 2009, the
article said. The Greenville-Mauldin-Easley area had
1,591 building permits in 2009, the article said. It is
forecast to grow to 1,918 this year. Bob Mihalic,
spokesman for Greenville County, said while there has
been some improvement in county building permits during
the first two months of this year, "it usually takes a
couple more months of growth to truly indicate that
there's some positive news out there." The
Greenville-Mauldin-Easley area was one of seven
"relatively hot markets"
in the Carolinas that accounted
for seven of the magazine's top 20 listings. The Myrtle
Beach-North Myrtle Beach-Conway area ranked 15 on the
list, while the Charleston-North Charleston-Summerville
area came in at fifth. Mark Nix, executive officer of
the Home Builders of South Carolina, said Charleston has
done a very good job at bringing jobs to the market,
especially with the new Boeing plant and its ripple
effects. Nix said Myrtle Beach, a "mecca"
for tourism,
is continuing to attract a lot of new residents from
other parts of the country. He said getting people happy
and thriving in South Carolina is tied to jobs, quality
of life and affordable housing. Builder magazine'
s
market research arm, Hanley Wood Market Intelligence,
expects employment in Greenville to show a 1.1% gain in
total employment this year.
Old Greenville Mall Property has become Magnolia
Park Town Center
Located on Woodruff Road near
Interstates 85 and 385, Magnolia Park totals
approximately 700,000 square feet of retail space.
Anchors include Regal Cinemas, The Sports Authority,
Costco Wholesale Club, Bed Bath & Beyond, the
Christmas Tree Shop, Shoe Carnival, Cheddars Restaurant,
Room's to Go and Old Navy.
Magnolia Park is an excellent location and Greenville is
a very good market, says Jeff Seaman, CEO of Rooms To
Go.
Dave and
Busters and Cabella's
August 17, 2012 - Local
news announced that Dave and Busters will
locate at
Magnolia Park.
Also, Cabella's announced it was moving the 100,000sf
from
Montgomery Wards building
and
taken over the 40,000sf
Sports Authority location as
well.
These businesses are located in Magnolia Park and are
thriving.
Revitalization of the
area
While the "motor
mile" along Laurens Rd/US 276 as well as Haywood Rd are
two of the area's in Greenville that have seen business'
moving from these corridor's when the concept was
developed in 2010, the the last several year's have seen
an increase and revitalization is these areas with a
great resurgence. While this area was considered dying
back in 2010 is
not dead and favorable retail location
at this time. Thus the plan to locate MWOT along
the either section of Haywood Rd from I385 or Laurens Rd
from I85 to the confluence where they meet. A very
viable and accessible area with several options for the
project. It makes
perfect sense to locate the project in this area and will aid the city and the county in
helping the area's economy.
To lease or build, these are the locations are the best
for the new Miniature World of Trains™
and the plan is to be in the heart of all this activity!
Frank Ruby
(c)
2012
revised
02/19/17 and revised 03/06/17