May 14, 2025

Greenwood County Approves $400 Million Olde Eight Development

News Summary

Greenwood County has approved the Olde Eight Development, a $400 million mixed-use project that will enhance local housing options and create jobs. Spanning 240 acres near Lake Greenwood, the project aims to incorporate residential spaces and various amenities, boosting the local economy and enriching community life over the next decade.

Greenwood County Approves $400 Million Olde Eight Development Featuring Mixed-Use Housing and Amenities

Greenwood County officials have approved a significant economic development project, the Olde Eight Development, which is anticipated to bring a $400 million investment to the area. The Greenwood County Council made this decision on Tuesday, marking a substantial step toward transforming the landscape and economic potential of Greenwood County.

The project, led by Greenwood Land Holdings, LLC, will span 240 acres located near Stoney Point Road on Lake Greenwood. It aims to incorporate various residential options, including single-family homes, multi-family residences, and townhomes, catering to a diverse population. Additionally, the development is expected to create approximately 103 full-time jobs, boosting local employment prospects.

Amenities and Community Benefits

In addition to housing, the Olde Eight Development plans to offer an array of amenities designed to enhance the quality of life for residents and attract visitors. These amenities will include:

Nature trails and green spaces to promote outdoor activities
Commercial and conference areas to support businesses and community events
A full golf course and a par-3 course with practice facilities
Restaurants and a waklness center to serve both residents and visitors
A marina to provide access to Lake Greenwood
A neighborhood general store for everyday shopping needs

This multifaceted approach to development is expected to foster community growth, with hopes of attracting new businesses and drawing in visitors to the area.

Community Leaders’ Perspectives

Community leaders have underscored the project’s significance. The Chair of Greenwood County Council, Dr. Chuck Moates, emphasized the importance of this development for enhancing the community’s quality of life. It is anticipated that along with job creation, the investment will stimulate the local economy and encourage further development opportunities.

Timeline and Project Phases

The construction of the Olde Eight Development will occur in multiple phases over the next 10 to 12 years. The initial phase will focus on renovating the golf course, with completion expected by the end of 2025. The phased approach allows for careful management and adjustment of the project as it progresses, taking into consideration the community’s response and participation.

Contractor Engagement

The primary contractor for the construction will be Front Light Building Company, a firm recognized for its construction quality and project management capabilities. Their involvement is expected to ensure that the project adheres to the timeline while maintaining standards of excellence.

Long-Term Vision

There is a shared vision among project leaders that the Olde Eight Development will significantly transform Greenwood County. By enhancing the local infrastructure and providing diverse housing options alongside extensive amenities, the development is anticipated to reinforce the community’s appeal, making it an attractive destination for new residents and businesses alike.

In summary, the approval of the Olde Eight Development represents a landmark investment in Greenwood County, with wide-ranging implications for employment, economic growth, and community enhancement over the coming decade.

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Additional Resources

Author: HERE Greenwood

The GREENWOOD STAFF WRITER represents the experienced team at HEREGreenwood.com, your go-to source for actionable local news and information in Greenwood, Greenwood County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Festival of Flowers, Greenwood Community Theatre performances, and agricultural showcases at the Greenwood County Fairgrounds. Our coverage extends to key organizations like the Greenwood Chamber of Commerce and the Greater Greenwood United Ministry, plus leading businesses in manufacturing and healthcare that power the local economy such as FujiFilm Manufacturing and Self Regional Healthcare. As part of the broader HERE network, including HERECharleston.com, HEREColumbia.com, HEREGreenville.com, and HEREHiltonHead.com, we provide comprehensive, credible insights into South Carolina's dynamic landscape.

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