Council approves tax credit to bring 52 rental units to former textile mill site
June 10, 2025
Exterior rendering of the future Water Tower Crossing
Affordable Housing, Commercial Space Planned for Abandoned Property
Greenville City Council approved a tax credit for Water Tower Crossing, a $21 million mixed-use project on historic property at 1007 Hampton Avenue. The proposed development will bring affordable housing and new commercial space to Greenville’s Southernside community.
The vote certifies the site as an abandoned textile mill under the South Carolina Textile Communities Revitalization Act, unlocking a tax credit on eligible expenses. The building was formerly part of the American Textile Engraving Company’s operations and is located within 1,000 feet of the Goodyear Waste Working Plant.
The project will include 52 multi-family rental units, 11 of which will be designated as affordable housing. Five units will be reserved for households earning 60 percent of the area median income, and six for those earning up to 80 percent. The development will also feature 30 covered parking spaces and 44 surface spaces for residents and visitors.
The project is led by Greenville-based developer Steven Cohen of PHI Realty LLC. Site work is expected to begin in the fourth quarter of 2025. Cohen credited the City of Greenville and the Greenville Housing Fund for supporting the project and making it financially viable.
