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Partnership Building 676,000-SF Retail Center

GREENVILLE, SC-Canyon Gulfside Greenville LLC is also keeping its options open to turn Magnolia Park Town Center into a mixed-use complex, with the possibility of office, residential and hotel development. The total development cost for the retail and entertainment center is $100 million.

By Melissa Kress | Updated on May 25, 2006

(For more retail coverage, click GlobeSt.com/RETAIL.)

GREENVILLE, SC-The Greenville Mall is coming down to make way for a village-style retail and entertainment center. Canyon Gulfside Greenville LLC plans to demolish the Woodruff Road property and replace it with Magnolia Park Town Center, a 676,000-sf development.

The developer is a partnership between Gulfside Development Co., Inc and Canyon Realty Advisors. It acquired the 65-acre site in December for $37 million and anticipates spending a total $100 million to develop Magnolia Park. Financing has been secured through GMAC, according to Canyon Gulfside Development Co. “This is one of the most prime and underutilized real estate sites in the state,” Jackson Ward, a Gulfside Development principal, says in a statement, “and we feel it can become a landmark destination for the region.” He adds the center will feature a mix of upscale retailers and restaurants.

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