The foreclosure sale for the seven Riverside Village properties in North Augusta was over before it even started.
Attorneys representing Greenstone Hammond’s Ferry and First Community Bank withdrew from the foreclosure sale prior to the court proceedings.
The presiding judge said that the properties could sell again in another foreclosure sale in the future.
North Augusta City Administrator Jim Clifford is looking to see progress in the area and its future development.
“The good news is it looks like the parties are negotiating behind the scenes and ultimately anything that is going to allow us to be able to move forward on construction in Riverside Village is a good development,” Clifford said.
“We will remain optimistic with the parties involved, but from the city’s perspective all of our taxes and MID fees have been paid through this year, so there is some time to work through this, but we would like to see a forward movement on the entire Riverside Village project,” Clifford said.
The seven tracts of land are worth $3,062,608.63, according to the Aiken County master-in-equity.
Riverside Village was developed around the idea of a “live, work, play ball” environment and is the home of SRP Park, the home stadium of the Augusta GreenJackets.
All but one of the seven tracts is undeveloped.
Tract B is currently a parking garage situated across from SRP Park. The area is 1.52 acres and is parcel 007-14-19-001.
Tract C is parcel 007-14-19-005 and is 1.20 acres, located next to Tract B.
Tract D is 007-14-19-007 is 0.83 acres and located next to the roundabout on Railroad Avenue.
Tract G is 007-17-02-008 and is 0.83 acres. The area is next to the new Sharon Jones Amphitheater.
Tract H is comprised of six smaller parcels with five sitting at 0.10 acres each with a northern section at 0.21 acres, also near the Sharon Jones Amphitheater. The parcel numbers are 007-17-02-009; 007-17-02-010; 007-17-02-011; 007-17-02-012; 007-17-02-013 and 007-17-02-006.
Tract I is 007-17-02-004 and is 0.69 acres located off Esplanade Avenue.
Tract K is parcel 007-13-42-003 and is 2.12 acres located next to a parking garage on the opposite side of Railroad Avenue.
