An old project near Interstate 85 might soon get a new life.
Malette Langston Gambrell, president of Langston Real Estate company in Honea Path, is part of a partnership that recently secured an option to purchase a 60-acre tract at the intersection of I-85 and U.S. 76.
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The property, known as the Sally Rose estate, lies in a prime traffic location. According to the South Carolina Department of Transportation, an estimated 30,000 vehicles daily pass the property on Clemson Boulevard and another 49,600 a day roll past on I-85.
“We’re real excited about it. I think it’ll be a good thing for the city of Anderson, Anderson County and north Georgia,” Gambrell said.
Gambrell, whose father Tom Langston built and developed five shopping centers in Anderson, will partner in the project with the Fletcher Bright Company of Chattanooga, Tennessee — a major player in the development and management of shopping centers for four decades.
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FBC manages about 140 shopping centers in 16 states, including 11 in South Carolina and one in Anderson.
“We typically develop retail, but I don’t see this as exclusively retail,” FBC vice president Fox Johnston said of the I-85 property. “We believe it will be a great site for a mixed-use project.”
The tenants could include any combination of retail, residential, educational, office and medical businesses, he said.
Johnston said his company got involved through its relationship with Langston, longtime friend of the late Fletcher Bright, former president of the Tennessee firm.
Location was another incentive.
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“The companies we deal with are always looking for high-visibility sites,” Johnston said.
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“It’s very accessible to the interstate, to Clemson and Anderson, and to the lakes, which is important,” said Johnston, who walked the property with engineers last week.
Anderson County Administrator Rusty Burns said the land at I-85 “is an extremely desirable property, one that would have been developed some time ago” had it not been for the economic recession that began in 2008.
The property appeared to be headed for a major development in 2006, when Rosewood Partners LLC announced plans for a $50 million, 500,000-square-foot lifestyle center. But a death in the firm stalled the project, and the economic downturn in 2008 ended it.
Burns also said the Fletcher Bright Company “has an excellent reputation across the country.”
FBC manages the Anderson Central Shopping Center on Monitor Drive and S.C. 28 Bypass. Anchored by Walmart, it was built in 1999.
Johnston said the project has the potential to become a reality “in about two years.”
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Source: https://t-tees.com
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