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Greenbridge Condominiums

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Greenbridge Condominiums Welcomes Environmentally Friendly Wet Cleaners

New Greener Alternative to Dry Cleaning to Open May 2014 in Luxury Condominium Retail Space

Chapel Hill, NC, February 07, 2014 --(PR.com)-- Greenbridge Condominiums, uniquely designed mixed-use development which offers luxury condos and over 3,000 square feet of retail space, has announced that H2Only Cleaners will open May 1 at the corner of Rosemary and North Graham streets. Just as Greenbridge Condos uses recycled and environmentally friendly materials in its units, H2Only Cleaners has a similar commitment to providing green, non-toxic cleaning of garments.

H2Only Cleaners owners Bill and Karen Tomko chose Greenbridge Condos for the location of their new 800-square-foot business because of their aligning green philosophies. Professional wet cleaning is tough on dirt and odor but easy on all fabric types and the environment. The breakthrough process uses water as the only solvent and is 100 percent free of toxins. The H2Only Cleaners team uses state-of-the-art finishing equipment to press garments before they are returned in biodegradable bagging.

The only wet cleaner in the Triangle, H2Only Cleaners first opened in Morrisville in 2004 followed by a second location in Raleigh. Once the Greenbridge location opens, H2Only cleaners will offer pick-up and delivery services for most Raleigh, Durham, Carrboro and Chapel Hill locations.

Greenbridge’s retail and commercial tenants include Bikram Yoga Chapel Hill; To The Woods hair salon; Caravela Coffee, a gourmet coffee importer; Newfangled, a web development company; Integrify, a provider of process and workflow management software; and the Southern Environmental Law Center.

The condominium sales effort gained significant traction in 2013 and currently is 70% sold. Among the available condominium inventory, one-bedroom floor plans are for sale in the mid $200s, two bedrooms in the low $300s and three bedrooms in the $600s.

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About Greenbridge Condominiums:
Greenbridge Condominiums brings modern living and convenience to the natural beauty of North Carolina. Centered between the cool and eclectic neighborhoods of Chapel Hill and Carrboro at 601 W. Rosemary St., Greenbridge Condominiums features 97 uniquely designed one-, two- and three-bedroom residences that are perfect for active adults, students or the savvy investor. An energy-efficient development, Greenbridge offers three green rooftops, solar and thermal heated water, LED recessed lighting and high performance recycled glass floor to ceiling windows. Additional amenities include the sky lounge, media center and concierge and parking.

About SMA Greenbridge Owner LLC:
The Owner, SMA Greenbridge Owner LLC, is controlled by Square Mile Capital Management LLC, a private New York-based investment firm which focuses on real estate and real estate related opportunities, including both debt and equity investments on behalf of select institutional and private investors. Square Mile takes a value oriented approach to its investment activities, with an emphasis on opportunities to acquire or capitalize assets or enterprises which are undervalued, overlooked, complex or mispriced. Since inception, Square Mile has invested nearly $2 billion of equity in approximately 100 distinct investments.

About The Lundy Group:
Started in 1986, Lundy is a small company specializing in high value commercial, mixed use and in-fill real estate development leasing and management. The talented individuals at Lundy have direct hands-on experience in leasing, managing, financing, developing, purchasing, owning and selling all types of commercial real estate. The Lundy Group provides full-service development, leasing general brokerage, and construction management for tenants and clients. Lundy offers analysis of space needs and location requirements and can negotiate the best possible lease terms and conditions. For more information, visit http://www.lundygroup.com.
Contact Information
Greenbridge Condominiums
Robert Buhler
919-233-6600
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