Catalyst Capital Partners, in partnership with URS Capital Partners, is excited to announce that construction is nearly complete on The Exchange at Rock Hill, a new multi-family development in the Old Town Rock Hill. Located in downtown Rock Hill, SC, a short 15-minute drive from Charlotte, The Exchange is a triumph of adaptive reuse in an urban setting. Catalyst Capital and URS Capital took a vacant city block including parking lots of various dilapidated buildings and transformed the property into a state-of-the-art mixed-use development with 229 units and nearly 30,000 sf of commercial space. Read on to learn why The Exchange at Rock Hill was such a triumph for the community.

The Story of The Exchange

Development of The Exchange at Rock Hill began when Catalyst Capital Partners competed and won, through a competitive bid process (RFP), the right to repurpose this old section of downtown into a mixed-use development. Forming a partnership with both the City of Rock Hill and the State of South Carolina, Catalyst and URS were provided various financial incentives to redevelop what had once been a train depot and light industrial park. CCP and URS began by cleaning up the environmentally contaminated city block and received historical renovation tax credits for the repurposing of two 1920s industrial buildings into The Exchange, a Class A multifamily community with 229 brand new luxury units. In total, the multifamily project is slated to cost over $47 million to complete.

The Exchange at Rock Hill was founded on the theme of interconnectivity between people, and the exchange of ideas and visions within the downtown community. It seems only appropriate that Catalyst and URS honor this timeless theme at a site which once served as a railroad depot, connecting and exchanging people from around the country. To pay homage to The Exchange's roots, the joint partnership even maintained a historic train caboose on-site.

Studio, one-bedroom, two-bedroom and three-bedroom apartments are available for rent at The Exchange. These luxury apartments are outfitted with faux wood floors, quartz countertops, stainless steel appliances and 9-ft ceilings. Additionally, The Exchange at Rock Hill features many high-end amenities, such as a fitness center, a resort-style swimming pool, a rooftop terrace and integrated co-working space for tenant’s use.

As a mixed-use development, The Exchange at Rock Hill combines multi-family living with retail. The development is home to The Mercantile, a popular modern-day general store which sells a wide range of local products, including furniture, home decor and dry goods, as well as featuring a cafe and original art. Among this artwork is a mural painted by famous international muralist Shepard Fairey, the muralist most well known for the Barack Obama “Hope Mural”. This is the first of six murals which will be painted at The Exchange as a tribute to Rock Hill's history. CCP hopes to continue expanding The Exchange at Rock Hill with the addition of restaurants and breweries in the coming months.

Invest in The Exchange at Rock Hill Now!

The Exchange at Rock Hill is over 50% occupied, and the onsite team will continue to focus on lease-up until complete. Catalyst Capital and URS Capital established a Qualified Opportunity Zone Fund for The Exchange, providing substantial capital gains and tax benefits for investors. With the support of City of Rock Hill, along with URS’ relationships with their private investors, the partnership was able to raise the equity we needed to fully realize our ambitious vision for The Exchange at Rock Hill. Such a success would never have been possible without these relationships.

Contact Catalyst Capital Partners today if you'd like to learn more about Catalyst or invest in any of our other Class A multi-family developments in the Southeast. Reach out to URS Capital Partners if you want to discover investment opportunities with URS.