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Market strategy changed
Greenwood: Liberty Hill Farms development choked by sour economy
Lake.JPG
A view of Lake Wateree from the Liberty Hill Farms development proposed in 2006. - photo by File photo
When Greenwood Development Corp. announced it was creating Liberty Hill Farms in 2006, the company marketed the nearly 3,500-acre property on and around the shoreline of Lake Wateree as a “low density community with 15- to 50-acre home sites” with a more than 1,000-acre permanent conservation area. Four years later, the company -- now known as Greenwood Communities and Resorts -- has changed its plans, citing a sour economy. Earlier this week, Greenwood announced it would sell the entire 3,500 acres at $5,000 per acre, or approximately $17.5 million.