Vertical Construction Underway on New Transformative Mixed-Use 214-Unit Multifamily Based Project in Greenville, South Carolina

GREENVILLE, SC - FRP Development Corp., a full-service real estate investment and development company, announced today that vertical construction is officially underway at Woven, its highly anticipated mixed-use community in the heart of Greenville’s Village of West Greenville. The project – developed in partnership with Woodfield Development – marks the first major development in the neighborhood.

The project has also secured $42.9 million in construction financing from Bank of Texas, following a comprehensive entitlement and zoning approval process. CF Evans is serving as the general contractor, with design led by Housing Studio and interiors by Shelton Taylor + Associates.

“The Village has become one of Greenville’s most vibrant creative districts, and Woven is designed to complement and elevate that identity,” said Chad Hagler at Woodfield Development. “By integrating housing, walkable retail, public gathering spaces, and the preservation of local history, we’re creating a place that feels authentic to the community and supports its continued growth. This project marks an important milestone, not just for the neighborhood, but for Greenville’s broader evolution as a destination for culture and high-quality living.”

Located at 1279 Pendleton Street, Woven is strategically positioned between Saco and Traction Streets, anchoring the western edge of the district and complementing the area’s creative, community-oriented identity. The project will deliver 214 apartments featuring a mix of one-, two- and three-bedroom units that include both market-rate and affordable workforce housing options, expanding much-needed housing supply in the urban core.

“Woven represents the type of thoughtful, community-focused development that aligns with FRP’s long-term vision for creating lasting value in the markets where we invest,” said David H. deVilliers III, President & Chief Operating Officer of FRP Development Corp. “This project is not only our third multifamily development in Greenville but also our most ambitious, bringing together quality housing, curated retail, and meaningful public spaces in a neighborhood with incredible cultural energy. We’re excited to see vertical construction underway and look forward to delivering a destination that serves West Greenville for decades to come.”

In addition to residential offerings, Woven will feature up to 13,000 square feet of commercial space designed for restaurants, retailers, galleries, and neighborhood-serving businesses, including 3,000 square feet earmarked for local entrepreneurs, makers, and emerging brands. The development will also include public parking to support community accessibility.

A signature element of the project is its commitment to public realm enhancements. Woven will deliver approximately 31,500 square feet of public open space, including a paved plaza with public art, seating, planters, and LED lighting, as well as an additional 10,500-square-foot public pocket park.

“FRP is thrilled to be part of the continued growth and excitement around Greenville. Woven compliments our current assets perfectly by allowing us to connect with the fresh energy of the Village of West Greenville,” said Todd R. Evans, Director of Asset Management for FRP Development Corp. “Woven will provide much needed housing in a thriving area where our future residents will feel an immediate connection to the Village through the arts, food, entertainment and amenities available right at their front door.”

Upon completion, Woven will expand FRP’s Greenville portfolio, which includes the redevelopment of a former downtown office building into .408 Jackson – now home to 227 apartments and the critically acclaimed DeMarco’s restaurant – as well as Riverside, the team’s first completed project in the area, delivered in 2021 with 200 multifamily units in Greenville’s Water Tower District. Both developments were also completed in partnership with Woodfield Development.

About FRP: FRP Holdings, Inc. (NASDAQ: FRPH) is a fully integrated real estate investment and development company operating through two subsidiaries: FRP Development Corp. and Florida Rock Properties, Inc. The Company focuses on four core segments: industrial and commercial, development, multifamily, and mining & royalty lands. Florida Rock Properties, formed through the 1986 spin-off of Florida Rock Industries, owns nearly 21,000 acres of mining royalty land. Since 1989, FRP Development Corp. has built and acquired more than 8 million square feet of commercial assets and partnered in over 1,800 multifamily units. With offices in Jacksonville, Baltimore, Miami, and Philadelphia, FRP invests in and manages high-quality assets in supply-constrained markets across the Mid-Atlantic and Southeast, including New Jersey, Delaware, Maryland, Washington, D.C., Virginia, South Carolina, and Florida. For more information, visit www.frpdev.com

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