City Council approves purchase of Oakview Apartments for future site of T.K. Gregg Community Center
Purchase clears path for further Northside development
The Northside Initiative took a big step forward on Monday as City Council voted unanimously to approve $1.9 million to purchase Oakview Apartments for the future construction of a new Dr. T.K. Gregg Community Center. The purchase marks the end of a long struggle to acquire the property from its owner, Related Companies, a New York-based real estate firm owned by multibillionaire and Miami Dolphins owner, Stephen Ross.
The city condemned Oakview after attempts to purchase the property failed, and took possession in December, utilizing eminent domain. The purchase comes ahead of a civil trial that had been scheduled to begin July 18 to determine the property's value. Related had previously indicated it would not accept any offer below $2.4 million, the amount owed on its outstanding mortgage. The county assessor lists the property's value at $1.3 million. The City has already begun working with Spartanburg Housing Authority to relocate residents from the substandard units. Once completed the apartments will be demolished to make way for the new community center.
Also at Monday's meeting, Council voted unanimously to approve a rezoning request for an 8.6 acre site on Camelot Drive on the city's west side. The rezoning allows developer, Mark III Properties to construct 72 townhomes on the property. The townhomes will be market-rate and are expected to list for $150,000–$170,000.
For more from Monday's City Council meeting, see the full video and roundup of our live tweets below.