A South Carolina city closed on a site for $10.5 million with plans to develop housing and a public green trail as part of a larger initiative to bring much-needed affordable and workforce housing to the area.
The residential complex is in the pipeline for Greenville thanks to city officials closing on the 6.7-acre site. Stone Family Properties sold the assemblage of land at 312 Haynie St. in the Haynie-Sirrine neighborhood, an area civil rights activist Jesse Jackson once called home.
Cities across the country feel the pressure to boost their affordable and workforce housing supplies. Affordable housing consists of apartment rentals below 80% of the area median income while workforce housing ranges from 80% to 120%. The U.S. Department of Housing and Urban Development sets new standards every year for municipalities across the country.
“As Greenville continues to grow, the need for housing for teachers, service, and civil workers has never been higher,” Rob Howell, a principal with Avison Young, said in a statement at the time of the deal.
Greenville has invested in affordable and workforce housing developments since launching its 2018 Affordable Housing Action plan. It continues to invest and has 100 affordable housing apartment rentals in the works for this year.
In recognition, the deal earned a 2025 CoStar Impact Award for sale/acquisition of the year in Greenville/Spartanburg, as judged by a panel of industry professionals.
About the deal: The city paid $10.5 million for the site at the corner of Church and Haynie streets
They made it happen: Two partners at brokerage Trinity Partners, Lakin Parr and Walt Robinson, represented the seller, while Rob Howell and Gary Lyons, principals at Avison Young, and associate Tiernan Armstrong represented the buyer.