The seven properties in Riverside Village at risk of bank foreclosure will stay with developer Greenstone Hammond’s Ferry, LLC.
The properties had been listed twice on the Aiken County Master-in-Equity’s foreclosure sale page. Both sales were delayed at the request of the developer and First Community Bank, which held the mortgage.
MORE: The Dollars and Cents of Riverside Village
“Our ownership group paid off the mortgage and thereby extinguished the foreclosure procedure,” said Chris Schoen of the Atlanta-based Greenstone Properties, Inc. “We are working toward hopefully having several of the development parcels under construction by the first quarter of 2022.”
North Augusta City Administrator Jim Clifford said, “The city looks forward to future development at Riverside Village with Greenstone.”
At stake were seven parcels of prime real estate in North Augusta’s “Live, Work, Play” community built along the Savannah River that includes SRP Park, home of the Augusta GreenJackets.
MORE: Foreclosure Sale of Riverside Village Parcels Delayed Again
One of the seven properties is the parking garage across from SRP Park. The description reads that tract B is 1.52 acres.
The remaining six properties are undeveloped. They are listed as: Tract C – 1.20 acres; Tract D – 0.83 acre; Tract G – 0.41 acre; Tract H – five parcels, each roughly 0.10 acre; Tract I – 0.69 acre; Tract K – 2.12 acres.
Dana Lynn McIntyre is a Staff Reporter with The Augusta Press. You can reach her at dana@theaugustapress.com.
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