CASE STUDY

Build-to-Suit/Lease
77,540 square-foot retail center
Clemson, SC

Gateway Village

Red Rock Developments, LLC has been selected to develop and own Gateway Village - a high-end 77,540 square-foot grocery-anchored neighborhood retail center located in Clemson, South Carolina. The project will be anchored by a 54,340 square-foot Publix Super Markets and will contain 23,200 square-foot of additional in-line and freestanding retail space.

Representing the second project undertaken by Red Rock Developments on behalf of Publix, Gateway Village is being developed by Red Rock Developments and will be owned by a wholly-owned subsidiary. The project is financed using New Market Tax Credits; a government sponsored program that provides an attractive, low cost source of capital to projects meeting specific criteria in designated areas. Red Rock Developments pursued this project for almost two (2) years and was awarded the project after exhibiting the ability to assemble almost a dozen parcels required for the project. Despite several challenges including significant site work, required offsite improvements, road extensions and wetlands mitigation, Red Rock was able to provide a comprehensive design solution that met all of the customer’s demand while remaining under the projected budget.

 

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