Century Plaza Apartments, a 212-unit complex in Greenville’s Overbrook neighborhood, recently underwent a more than $5 million renovation to preserve the affordable workforce housing it offers.
The Greenville Housing Fund purchased the complex, formerly known as The Ivy, for $31 million in January 2023. This was the nonprofit’s largest financial transaction to date.
The apartment and townhome complex located at 151 Century Drive provides mixed-income to market-rate housing. Approximately 75% of the units are designated for renters earning 30% to 80% of the area’s median income.
Interior renovations have been completed in over half of the apartments. The apartment buildings also received siding and window replacements along with new landscaping. The clubhouse resident lounge and outdoor pool were renovated, and new equipment was added to the gym.
Bryan Brown, president and CEO of the Greenville Housing Fund, said renovations are still ongoing, bringing fresh and attractive apartments for those looking for accessible and affordable housing.
A ribbon cutting was held May 10 to celebrate Century Plaza’s renovations. Greenville City Councilmember Dorothy Dowe said Century Plaza offers a strong workforce location with easy access to downtown, and Greenville’s largest employers and employment centers.
“We know that the availability of high-quality workforce housing is absolutely critical in enabling economic success and mobility,” she said.
Century Plaza Apartments ribbon cutting photos
The Greenville Housing Fund worked in partnership with Harmony Housing Affordable Development, Greystone Housing Impact Investors and the South Carolina Department of Commerce to complete this project. The city of Greenville also supported the nonprofit’s preservation efforts.
“Preservation of existing housing is one of the most important priorities we have with the housing fund and the city,” said Greenville Mayor Knox White. “It’s a less expensive way to address the issue. It also gives more immediate results, which is always good.”
Century Plaza is currently 85% occupied. For more information on the newly renovated complex, visit centuryplaza-apts.com.
