GREENVILLE, S.C. — Miami-based developer 13th Floor Investments has secured a $47 million construction loan from CIBC and broken ground on the 222-unit Venture on the Trail in Greenville. The project, located at 301 Alston St., marks the first phase of 13th Floor’s On the Trail mixed-use development, which covers 250 acres along Greenville’s Swamp Rabbit Trail, a 28-mile multi-use greenway. Completion of Venture on the Trail is slated for 2027.
Apartments will range from studios to three-bedroom units measuring between 600 and 1,350 square feet. Amenities will include a standalone clubhouse, a resort-style pool, two pickleball courts, coworking spaces, a fitness center, a bike room and direct access to the Swamp Rabbit Trail.
The larger On the Trail site is approved for residential, commercial, retail and hospitality uses, with future phases currently in the planning stage. The developer’s proposed infrastructure improvements include an elevated pedestrian bridge. The site was originally part of the former Union Bleachery Mill site and has undergone environmental remediation over the past several years. The facility, founded as a textile finishing plant, was in operation from the early 1900s to 2003.