Spartanburg residents should be excited to hear that BMW is once again expanding their footprint in our community. BMW recently announced that they’re planning to build a brand new 527,000 square foot auto body shop. This new facility is expected to feature some of the latest technology in the automotive industry, including over 650 robots. This body shop expansion is part of BMW’s planned $1 billion dollar expansion in Spartanburg. The new plant is expected to create an additional 800 jobs in Spartanburg, bringing the number of employees at BMW in Spartanburg up to around 9000. Construction is expected to be completed in 2017.
The $1 billion dollar expansion of BMW’s facilities is expected to boost the capacity of the carmaker’s Spartanburg facilities to 450,000 per year, which is a massive jump compared to today’s capacity of 350,000 vehicles. This expansion will pin Spartanburg as BMW’s largest factory in the world. The beautiful facility offers more than 5 million square feet of production space, all set on a 1,150 acre campus.
New Model – X7
Since BMW acquired Land Rover, company officials have dreamed of integrating some of the Land Rover design and all-terrain functionality into BMW vehicles. The X7 is the first model to feature some of these advanced all terrain features and will also be BMW’s first seven seater SUV. Many manufacturers are beginning to manufacture larger SUV’s because of consumers need for larger, roomier cars that don’t sacrifice when it comes to comfort or luxury.
BMW Expansion Great News for Spartanburg
With BMW pledging to expand their production facilities in the area, this should be good news for Spartanburg residential and commercial real estate. These new employees will need places to live in the form of single family homes or apartments spelling a boon for the local real estate market as a whole.
Spencer/Hines Excited About BMW Expansion
At Spencer/Hines we’re excited about the recently announced BMW expansion. We feel strongly that Spartanburg is a great place to live and work and we hope that announcements like this one from BMW push even more companies to look to expand or relocate facilities to our great community.
For more information on Spencer/Hines commercial real estate holdings, don’t hesitate to contact our team today at 864-583-1001.