Seven key development sites in Riverside Village are heading to the auction block on July 6.
A South Carolina Common Pleas court judge ruled in favor of First Community Bank in a lawsuit the bank filed against Greenstone Hammond’s Ferry, LLC, the Atlanta-based developer that created Riverside Village.
The judge’s order noted, in April 2016, Greenstone Hammond’s Ferry, LLC signed a promissory note to the bank agreeing to pay $2.3 million.
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One of the seven properties is the parking garage across from SRP Park. The description says: 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.
Since his election, North Augusta Mayor Briton Williams has said it is important to get Riverside Village fully developed.
“Riverside Village has to be completed and we are still confident that is going to happen,” Williams said. “What we are hoping is that there’s going to be some agreement that’s going to be done prior to the auction.”
Greenstone has not responded to a request for comment.
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The judge’s order says the auction will first offer all the properties as a single unit. If there is no buyer, the properties will then be offered for individual sale.
The sale will be for cash.
The sale on July 6 will begin at 11 a.m. at the Aiken County Judicial Center at 109 Park Avenue.
Dana Lynn McIntyre is a Staff Reporter with The Augusta Press. You can reach her at dana@theaugustapress.com.
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