Apartments
In 2004, GBC began forming subsidiaries to acquire apartment complexes to diversify its real estate holdings. Towne Creek Apartments was acquired in September, 2004 and is located at 700 Washington St. NW., Gainesville, Georgia, 30501. The complex consists of 150 total living units, 75 one bedroom/one bath units and 75 two bedroom/two bath units, located just three blocks from the downtown area. Contact the property at 770-534-5556, or TowneCreekApts@bellsouth.net for further information.
In April, 2005, another GBC subsidiary acquired Oak Ridge at Pelham Apartments at 150 Oak Ridge, Greenville, South Carolina, 29615. The complex has 252 total living units, 126 one bedroom/one bath units and 126 two bedroom/two bath units, located just minutes from the BMW plant right off I-85. Contact the property at 864-297-8850, or OakRidgeatPelham@bellsouth.net for further information.
In December, 2007, a third GBC subsidiary acquired Windsor Landing Apartments at 1900 Windsor Hill Dr., Matthews, North Carolina, 28105. This complex has 256 total living units, 104 one bedroom/one bath units, 28 two bedroom/one bath units, 96 two bedroom/two bath units and 28 three bedroom/two bath units, located in the heart of Matthews, 25 minutes from Charlotte. Contact the property at 704-847-4599 or windsorlanding@carolina.rr.com for further information.
Additionally, further information on all three properties can be found by going to www.apartments.com and selecting the respective zip code.
Development
GBC also owns 303.75 acres in St. Lucie County, FL at the intersection of Midway and Shinn roads in the City of Port St. Lucie, one of the fastest growing cities in the State. The property has a future land use of 1,314 residential units on 263 acres, commercial general of 175,000 square feet for office/retail on 20 acres, 5 acres of institutional use and the balance in a park area.
