Welcome to the second installment of Invest Local, a series in which we’re shining a light on ways Greenvillians can invest their time, talent, and treasure — locally.
Today, we’re taking a look at an upcoming addition to Hollingsworth Park that doubles as a new investment opportunity.
The Chadsworth Drive Swim Club Inc., a non-profit entity composed of Hollingsworth Park residents, is aiming to raise the necessary capital to bring the Pool at Hollingsworth Park to life. The private pool amenity will be located at the entrance of Crossmoor at Hollingsworth Park — the new 22 lot neighborhood currently under construction at Verdae Crest Dr. + Chadsworth Dr.
Babcock Investment Company, the developer of Crossmoor, will transfer a three-acre pad-ready pool site — including underground utilities, a parking lot, curbs + sidewalks, and landscaping — as a free gift in order to jump start the project. With a successful capital raise, The Pool at Hollingsworth Park could be open as early as Summer 2023.
Amenity features will include:
- A six-lane, Junior Olympic-size, private saltwater lap pool 🏊♀️
- 7-in. deep sundeck, ideal for in-pool lounging, featuring an in-floor bubbler feature for kids
- Bathrooms (with showers)
- A concession area
- A large covered area for picnics + parties
- An outdoor patio with sun shades — perfect for an al-fresco post-swim lunch
The opportunity
A community-driven investment campaign will fund the construction of the amenity itself. The developer will provide:
- All the site work
- Utilities
- Curbs + sidewalks
- Parking lot
- Landscaping as a gift to the neighborhood
And the interest is there. The business model is membership-based and total membership for The Pool at Hollingsworth Park is estimated to be capped at 350. There are currently over 350 residents interested in joining, according to a recent survey of local neighborhoods.
Want to put your local dollars behind this new community offering? Here’s the investment overview:
- Low investment minimums
- 6% target IRR (read: internal rate of return)
- See specific deal terms
Explore the investment and learn about other local opportunities with Vicinity.*
Poll
Are you interested in investing in The Pool at Hollingsworth Park?
