$2.6 Million Commercial Development Planned for Main Street/I-65 in Greenwood

$2.6 Million Commercial Development Planned for Main Street/I-65 in Greenwood

Greenwood and Allen Commercial Group announced plans for Greenwood Business Center, a new development to be constructed on the city’s Main Street, about a quarter-mile east of I-65. The development encompasses approximately 11 acres and includes a 28,000-square-foot flex building designed to house office and warehouse space.

During its most recent meeting, members of Greenwood’s Redevelopment Commission (RDC) approved $252,000 to fund sanitary sewer extensions, a stormwater retention pond and drainage system, and an access drive on the property’s west end.

Greenwood Mayor Mark W. Myers praised the project and discussed the city’s economic development momentum.

“Greenwood is well-positioned for continued economic growth,” said Myers. “With a strong balance sheet, available land and a skilled labor force, the development community is taking notice. Greenwood Business Center is a great addition to the city, and I’m confident it will spur even more activity in the area.”

Allen Commercial Group provided project details and renderings during the meeting.

“There is significant opportunity on the south side, particularly Greenwood,” said J. Greg Allen, CEO of Allen Commercial Group. “We felt the time was right to move forward with Greenwood Business Center, and we thank the City and Redevelopment Commission for their support.”

RDC President Brent Tilson says the project’s location boosts an effort to cultivate Greenwood’s major corridors. During the meeting, the RDC approved the first projects taking part in Greenwood’s recently announced “G.R.O.W. Initiative,” a $500,000 matching grant program that seeks to improve the aesthetic appeal of businesses along some of its most-traveled roadways.

“Working with the city, the RDC is spurring business activity on a number of fronts,” said Tilson. “The downtown façade program, G.R.O.W and projects like Greenwood Business Center exemplify public-private collaboration at its best. Together, we’re revitalizing Greenwood. It’s an exciting time for the city.”