Cambria Hotel Archives

Spartanburg

A lot is happening downtown…

Koch and Gray jewelers to be redeveloped. (GoUpstate)

The Cambria Hotel appears to be getting the green light. (GoUpstate)

Raising the roof at the old Social Security Building for a mixed use development. (GoUpstate)

The Snyder Electric property could be sold. (GoUpstate)

And not too far away…

UCB opens at Main and Pine. (GoUpstate)

The Mary Black Foundation Rail Trail surpassed 100,000 annual uses in 2018. (PALS)

Development with apartments, retail, and a hotel has been announced near the Star Center. (GoUpstate)

Ten residential projects, ~1,300 new units in Spartanburg County may address the need for more housing. (GoUpstate)

The Upstate

Has the wind shifted? Economic development in GVL fell from $336 million invested / 1,800 jobs created in 2017 to $151 million invested / 1,500 jobs created in 2018. However, Spartanburg County saw several new projects in 2018: Keurig ($350 million), Grupo Antolin ($150 million) and Draexlmaier ($42.7 million). (Greenville Online)

Too much of a good thing? This restaurant found that a lot of traffic didn’t equal a lot of business (on Woodruff Rd). (Greenville Online)

Solar is booming….in Spartanburg (GoUpstate)…and the rest of the state. (Columbia Business Monthly)

GSP Airport sets record with 15 consecutive months of increased passenger activity – a 10.3% increase in passengers for December 2018. (Greenville Business Magazine)

And in dining news…

Spartanburg-based Eggs Up Grill has started construction on its flagship restaurant at 551 E. Main St (Converse Corners shopping center). (Upstate Business Journal)

Rick Erwin Dining Group unveils its Saltwater Kitchen for Haywood. (Greenville Journal)

The State

Why do inland ports exist? (DC Velocity)

Tourism is $22.6 billion industry in South Carolina. (SCPRT)

Train service for tourists? Carolina Special: ASH > SPA > COL > CHS (Columbia Business Monthly) H/T Greenville Business Magazine

The Southeast

Two regional lenders will combine to form the 6th largest US retail bank, a move that sounds like it was mainly driven by the need for scale to deploy new technologies.
Interesting facts: BB&T encourages employees to keep gratitude journals and SunTrust held the recipe to Coke in its vault from 1925-2011. (WSJ)

The Bigger Picture

The world’s busiest ports. (Visual Capitalist)

Could textiles make their way back to the US? (Sourcing Journal)

Bio-waste to bricks? (NYTimes)

Thanks for reading!

Spartanburg

The Northside continues to gain momentum (Upstate Business Journal)

A new downtown hotel may be in the works (GoUpstate)…but it has already hit a snag with the design and review board. (GoUpstate)

What happened to the Co-op? (GoUpstate)

Greenville

Greenville’s new downtown plan may include an innovation district and more pocket parks. (Greenville Journal)

A town of engineers…

“Today, nearly 11,000 engineers work here in fields including aerospace, agriculture, chemical, mechanical, electrical, nuclear, and biomedical, among multiple others.” (Greenville Business Magazine)

Unity Park is expected to begin construction at the end of 2019. The first phase of the park is estimated to cost nearly $41.2 million. (Greenville Journal)

Upstate

Greenville Tech partners with KUKA for robotics training. (Greenville Business Magazine)

Passenger and Cargo activity hit new highs at GSP, with passenger activity up 10.8% in September – it marked 12 consecutive months of increased traffic and the best September on record. (Greenville Business Magazine)

The State

Aerospace plays an important role in the state…

Currently, the aerospace cluster maintains an employment multiplier of 2.7. This means that for every 10 jobs created in the aerospace sector in South Carolina, an additional 17 jobs are created elsewhere in the state, Von Nessen says. “That is evidence that the supply chain in South Carolina is continuing to grow and develop.” (Greenville Business Magazine)

What impact will Brexit have on SC?

“I want British business to be thinking Southeast,” Staunton said. “I want them to be thinking South Carolina.” (Post and Courier)

The Bigger Picture

International e-commerce is posed to take off. (Supply Chain Drive) Could GSP Airport capitalize on this opportunity?

This while the share of global online consumption conducted cross-border is growing at an even faster rate. By 2020, U.S. retailers will sell nearly $485 billion in goods to the world and will buy $140 billion in goods directly from overseas sellers, according to Tompkins International. For context, these totals equal approximately 96% and 27% of projected 2018 total online retail spending in the U.S., respectively….

To satisfy this demand for faster delivery, a growing share of global direct-to-consumer shipping is shifting to air freight….

In the face of terminal (excuse the pun), unresolvable congestion at legacy leading air cargo airports and permanent surging inbound and outbound flow, carriers and their customers will have to establish operations at alternative airports. Centers not thought of as leading air cargo facilities today that choose to invest strategically in building capacity inside and outside airport boundaries can create tremendous opportunities to attract surging demand in the future. (emphasis added)