Dirt flew today at a celebration to mark the groundbreaking for Gateway at the Green, a 72-unit, new-construction apartment community on Webb Road near Haywood Mall.
Partners including Greenville Housing Fund, Gateway Development, and Creative Builders will bring the all-affordable development to this convenient location, adjacent to Mall Connector, Congaree Road, 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.
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, around plentiful parking and attractive, naturalized landscaping. A community clubhouse will house laundry facilities, a computer lab, a fitness room, a community gathering space, and a leasing office.
The project involved a capital investment of approximately $20 million. 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 collaborating on the project. Creative Builders serves as general contractor; Studio 8 Architecture provided the architect design and Site Design is handling the civil engineering.
“This is a really strong workforce location,” said Bryan Brown, President and CEO of the Greenville Housing Fund. “And it adds an excellent new, deeply affordable housing option for families and individual renters who earn between 20% and 60% of Greenville’s area median income.”
Brown highlighted the important role played by SC Housing in providing critical financing for Gateway at the Green through their highly competitive 9% Low-Income Housing Tax Credit (LIHTC) program.
“We are incredibly thankful for the tax-credit financing, and for all the work SC Housing does to increase affordable housing opportunities here in the fast-growing Upstate,” said Brown.
Todd Latiff, SC Housing Board Chairman, and Josh Mandell with Gateway Development, addressed those gathered to kick off the construction, after an invocation delivered by Will McCauley, President of Gateway at the Green’s general contractor, Greenville-based Creative Builders. Vice Mayor Pro Tem Dorothy Dowe, a longtime affordable housing advocate, spoke for the City of Greenville, which annexed the Webb Road site into the City of Greenville in 2021, and has invested heavily in creating and preserving affordable housing options.
