A joint venture between URS Capital Partners, a NY based private real estate investment firm, and Catalyst Capital Partners, a Charlotte based real estate development firm, have recently closed on the acquisition of nearly 7.5 acres encompassing an entire city block in downtown Rock Hill, SC, and will be breaking ground in the coming weeks on a $45M+ mixed-use development project called The Exchange at Rock Hill.
The site consists of 3 separate parcels with the largest piece being sold by the City of Rock Hill through an RFP process that began over 18 months ago. The other 2 parcels were acquired from private owners to complete the assemblage.
The Exchange at Rock Hill will be a best-in-class Mixed Use Development consisting of 229 apartments with a pool and outdoor lounge, roof deck, state of the art fitness center, and co-working space along with over 26,000 square feet of adaptive reuse retail and commercial space. The location sits on the hard corner of Dave Lyle Boulevard and E. White Street with close proximity to Knowledge Park in downtown Rock Hill.
Concorde Construction is the general contractor for the apartments, and Wharton Smith is the contractor for the adaptive re-use components. Project architects include BB+M and 505 Design, and Land Design is the civil engineer for the entire site. Pinnacle Bank provided acquisition and construction financing for the entire project.