Magnolia Park Town Center - Greenville, SC - Existing Stores and Plans for More

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The Magnolia Park Town Center is a mixed-use development that has replaced the Greenville Mall. Magnolia Park is located at the intersection of Woodruff Road, Interstate 85, and Interstate 385 in Greenville, South Carolina. The current campus includes about 700,000 square feet of retail space. The existing retail space is anchored by Bed Bath & Beyond, Costco Wholesale Club, Old Navy, Regal Cinemas, Rooms To Go, and Sports Authority.

The Rooms To Go store is a super store that is roughly 35,000 square feet. The store is situated on 1.3 acres of land. The Rooms To Go store at Magnolia Park is a combination of Rooms To Go and Rooms To Go Kids. It is also considered to have been a relocation of their store that was near Haywood Mall.

The Costco Wholesale Club at Magnolia Park is Greenville's first Costco. Costco is a membership warehouse club. In the United States, Costco is the 5th largest general retailer. It also has the largest membership of any chain of warehouse clubs based on sales volume. Costco is a Fortune 500 Company. With the campus having such planned diversity, stores hours will vary. Costco stores are typically closed on all of the following holidays: New Year's Day, Easter, Memorial Day, Independence Day, Labor Day, Thanksgiving, and Christmas.

Magnolia Park Town Center is still being developed. Plans include adding 400,000 more square feet of retail space. In addition, a residential area is planned. Plans for the campus of Magnolia Park include adding 375,000 square feet of office space and a hotel. The campus is located in one of the region's dominant commercial corridors. The area is also a high traffic area, so the campus can serve a large number of visitors.

Additional merchants and eateries that are already open and operating on the campus include Comp USA, Goody's, A. C. Moore, Party City, Shoe Carnival, Dressbarn, Marble Slab Creamery, McDonald's, Ruby Tuesday, and Atlanta Bread Company.

The campus is being developed by Menin Development, Inc. Menin Development, Inc. makes has its headquarters in Palm Beach, Florida, and has a portfolio that includes 800,000 square feet of existing centers and an additional 2.1 million square feet of property under development.

Originally, the City of Greenville and the developers of Magnolia Park sought to build a highway exit to the campus in order to relieve the traffic the campus would add to the already busy Woodruff Road. This plan has apparently stalled and no additional plans for a highway exit have been revealed since 2008.

While some stores are already in operation, the official opening of Magnolia Park Town Center is slotted for late 2009 or 2010. A tenant list is not yet available for Magnolia Park, since much of the campus is still being developed and leased.

The McGarey Group is the exclusive retail consultant for the campus. Interested parties can obtain more information about retail leasing at Magnolia Park by calling 877-MENIN-MP. Parties interested in office space, hotels, or additional development opportunities can call 561-282-5000, extension 216, for more information.

The site plans for Magnolia Park include three parking decks and three five-story office buildings. The planned hotel is anticipated to include about 135 rooms.

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