City Council approves Florida Avenue development agreement for Van Rock Properties

The Spartanburg City Council made significant strides in urban development during its meeting on May 27, 2025, approving a key resolution that will facilitate the construction of 95 townhomes and commercial space on Florida Avenue. This project, spearheaded by Van Rock Properties, is set to receive tax rebates through a multi-county industrial park agreement, allowing for a fee in lieu of taxes that benefits both the city and county.

The resolution authorizes the placement of the property into the industrial park for a period of 15 years, a move that aims to stimulate local economic growth. Council members expressed concerns about the reliability of developers, particularly in light of past projects that failed to materialize. However, assurances were given that if Van Rock Properties cannot complete the project, the development agreement can be nullified, allowing for new opportunities.

The tax structure outlined in the agreement offers a substantial discount, starting at 60% in the first year and tapering to 10% by year ten, ensuring that by the end of the term, the property will contribute significantly to local tax revenues.

In addition to the housing development, the council also discussed the microtransit program, with Assistant City Manager Limehouse highlighting ongoing research and planning efforts. This initiative aims to enhance public transportation options in Spartanburg, reflecting the city's commitment to improving mobility for its residents.

The council's decisions signal a proactive approach to urban development and transportation, setting the stage for future growth and community enhancement in Spartanburg.