A Raleigh real estate firm says it plans to spend up to $4 million to redevelop three historic buildings in uptown Greenville.
CommunitySmith says the two buildings on East Fifth Street and a third on Cotanche Street will be turned into mixed-use office and retail space.
"This redevelopment will lead the way in transforming a key block on 5th Street from an underperforming area to an attractive space between the University and Uptown Greenville," said CommunitySmith Managing Partner Holton Wilkerson. "The Dickinson Avenue investment adds to the positive momentum for what will be an important entryway into the heart of the community. CommunitySmith is pleased to work in collaboration with local leaders to help bring these important projects to the market."
The buildings on East Fifth currently house several businesses, while the building on Cotanche used to house Rumors Nightclub.
Greenville Mayor Allen Thomas says this redevelopment is another indication of the transformation that's happening in the downtown area.
CommunitySmith says it specializes in re-using existing downtown buildings and in February announced a historic redevelopment project in downtown Wilson.