Developer backs out of Greenville News property deal

A Dallas development company has backed out of plans to buy The Greenville News property, the newspaper reported today. Trammell Crow Co.’s withdrawal from the purchase contract leaves a co-developer saying he will pursue a planned project at the South Main Street site that includes a hotel, condominiums, apartments, offices and a theater.

Brody Glenn, president of Centennial American Properties, a co-developer of the planned Camperdown project, had previously said work could possibly begin this summer.

Greenville Mayor Knox White said today in an email: “The project will move ahead with the local development team, Centennial Properties. I have great confidence in their ability to make the project even better for downtown.”

In The Greenville News report today, Dave Neill, the newspaper’s president and publisher, said Trammell Crow exercised its right to terminate the contract to purchase the almost 4-acre site. The contract signing was announced in August. Neill said other parties have expressed an interest in buying, but he declined to identify them.

“We don’t have a buyer, but we have some interested parties,” Neill told the newspaper.
Neill, Gannett Co. spokeswomen and Larry Pantlin, a Trammell Crowe executive who has been active in the project planning, did not return messages seeking comment.

Glenn also did not return telephone and email messages seeking comment today. He has presented plans for exterior designs of some project buildings to the Greenville Design Review Board and is scheduled on the panel’s August agenda.

Glenn told the newspaper his firm is continuing to pursue plans for the development.

“It’s the right project for Greenville,” he told The Greenville News. “It’s a viable project to get done.”

JHM Hotels of Greenville has proposed a seven-story hotel as part of the project plans. JHM spokesman Jay Burnett said in an email that “our understanding is that the Camperdown project is still proceeding. We are working on our next (Design Review Board) submission and look forward to a successful project.”

Greenville Planning and Development Manager Michael Kerski said today that the Camperdown developers had not contacted the city about canceling their scheduled August presentation of building plans.

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Alyssa BennettDeveloper backs out of Greenville News property deal