400 Rhett is a 150-dwelling residential community located on a 1.43-acre parcel in downtown Greenville, South Carolina. Opened in December 2014, the asset consists of one- and two-bedroom loft apartments in a single, four-story building.
Interior features include: 9-foot ceilings, contemporary flat panel cabinetry, granite countertops, vinyl plank floors, stainless steel appliances, pendant lighting, in-unit washers/dryers, open floor plans, large private balconies, oversized windows, and spacious closets.
Community amenities include: elevator access, saltwater swimming pool, courtyards with gas grills, dog park, fitness center, multi-screen media lounge, clubroom, parking garage, outdoor fireplace, and use of complementary bikes.
Located 1 block north of Main Street in downtown Greenville’s West End Historic District, 400 Rhett is situated between Flour Field and the Swamp Rabbit Trail. With a Walk Score® of 73 (“Very Walkable”) this property is surrounded by a mixture of restaurants, boutiques, commercial businesses, and nightlife.
Downtown Greenville has received national recognition for its vibrant setting and outstanding quality life. It boasts unrivaled walkable access to an abundance of retail and lifestyle amenities, including over 100 retail shops and 100 restaurants are located downtown. With an average household income of $125,000, 400 Rhett is a residential destination for “renters by choice”. Greenville’s diverse employment drivers create a substantial economic base supported by the manufacturing, science, medical, financial, education, and engineering sectors. Major employers include: BMW, Hubbell Lighting, Flour, Honeywell, Milliken, 3M, Caterpillar, Lockheed Martin, Michelin and TD Bank.
In partnership with Kaufman Capital Partners (the majority equity partner in the development) One Stone Realty led pre-investment due diligence, construction monitoring and asset management on behalf of the equity investors in the transaction.
Project Architect: NarmourWright Architecture
Civil Engineer: Site Design, Inc.
General Contractor: Adolfson & Peterson Construction
Developers: Lat Purser & Associates and RVJ Development