ROCK HILL, SC – A joint venture between URS Capital Partners, a New York-based private real estate investment firm, and Catalyst Capital Partners, a Charlotte-based real estate development firm, recently completed the acquisition of nearly 7.5 acres spanning an entire city block in downtown Rock Hill, SC, and will lay the foundation in the coming weeks with a mixed development project valued at over $ 45 million called The Exchange at Rock Hill.
The website is made up of 3 separate packages with the largest piece being sold by the town of Rock Hillthrough through an RFP process that began over 18 months ago. The other 2 packages were purchased from private owners to complete the assembly.
The Rock Hill Stock Exchange will be a premier mixed-use development consisting of 229 apartments with a pool and outdoor lounge, rooftop terrace, state-of-the-art fitness center and shared work area, and over 26,000 square feet of adaptable retail and commercial reuse. The location is on the hard corner of Dave Lyle Boulevard and E. White Street in close proximity to Knowledge Park in downtown Rock Hill.
"The Rock Hill Stock Exchange is another success story in Knowledge Park. The project will bring additional residential and business development into the core of the city, creating new businesses and jobs, and demonstrating housing opportunities for workers. The stock exchange will redefine a very visible location in Rock Hill is transforming the downtown landscape and adding to the liveliness of the city. I look forward to our further progress, "said Mayor John Gettys.
"URS Capital is excited to be part of Rock Hill's long-term growth plan with this project. Our firm has been actively investing in the Southeast for over a decade and is very impressed with the leadership and vision of this great city. We believed that the Rock Hill Stock Exchange would be a great long term investment for our company, ”said Chris Urso, Managing Partner of URS Capital Partners.
"Catalyst Capital is grateful for Rock Hill City's partnership on this premier urban project that will serve as the central hub of downtown. We look forward to delivering this green certified Opportunity Zone development, and to the growth and excitement of Rock Hill said Beau McIntosh, Managing Partner of Catalyst Capital Partners.
Concorde Construction is the prime contractor for the apartments and Wharton Smith is the contractor for the adaptive reuse components. Project architects include BB + M and 505 Design, and Land Design is the civil engineer for the entire site. Pinnacle Bank provided the acquisition and construction finance for the entire project.
Source: URS Capital Partners