Northmarq’s Charlotte Multifamily Investment Sales team facilitates sale of 12.63-acre affordable housing development site in Greenville, SC

GREENVILLE, S.C. (March 24, 2025) — Northmarq’s Charlotte Multifamily Investment Sales team led by Eric Liebich and supported by Ron Corrao, Scott Fuller, Matt Weinstein, Dane Lozier and Dominic Bologna successfully completed the $3.5 million sale of the Augusta Road development site located at 6615 Augusta Road in Greenville, South Carolina.

The Northmarq brokerage team sourced both the seller and the buyer for the 12.63-acre development tract, which will be developed as an affordable low-income household tax credit (LIHTC) development.

Northmarq represented the seller, a privately owned real-estate investment company based in the northeast, and procured the buyer, Minneapolis-based Dominium, a leading national affordable housing owner, developer and manager.

“This project is a great example of how the state of South Carolina continues to focus on helping meet the affordable housing needs of its residents,” said Liebich, managing director of Multifamily Investment Sales. “The Northmarq team was thrilled to play a part in the process, and we’re looking forward to seeing a safe and stable community come to life at this location.”

The project will be branded as Avery Landing, where Dominium plans to develop a 153-unit affordable apartment community. Once completed, Avery Landing will feature 18 one-bedroom, 72 three-bedroom and 63 four-bedroom homes — all income- and rent-restricted units at or below 60% of the Greenville Area Median Income.

“We’re proud to bring a best-in-class affordable housing development to this location in the Greenville MSA, and we’re looking forward to seeing future residents benefit from a thoughtfully designed community at a location that offers both connectivity, and a variety of nearby commercial services and retail amenities,” said Terry Sween, Dominium Vice President of Development.

The development site is located with close access to U.S. Highway 25 and in close proximity to Interstates 85 and 185, the Donaldson Field Airport, and is roughly seven miles from downtown Greenville.