Aloha Towers Partners LLC announced yesterday that they would not be moving forward with the project. All buyers will have earnest money returned. Several issues caused delays in the start of construction until it got the point the project could not be completed in the contractual time period. Now the construction prices are up and they can not do it for what they were originally selling the condos for. Too bad. But there are many other good projects out there, so we will move on. Paradise Grande is a 2nd row project that is moving forward. Preparation for the start of construction is taking place. They have efficiencies, 1, 2 and 3 bedroom condos available. I have friends that are purchasing a large two bedroom. It was originally a 3 bedroom unit and they got in early enough that the developer worked with them on the plan and it is now a large two bedroom. The developer liked their idea so much that it became an offering on their website as an additional plan. You can contact me directly if you would like information on this. mailto:mcorley@century21boling.com

The first phase of Row Homes, Carriage Homes and Live/Work Townhomes were all released last Friday with huge success. The developer even released additional Live/Work to meet the demand. Prices ranged from $225,000 to $495,000. Today their was a small price increase on any available units. (avg $5000). This is a very good sign to see this strong activity in the market. Myrtle Beach is fortunate to still be projecting strong double digit appreciation for the year in residential properties.

Grand Atlantic closings with the developer started in August 2006 and resales are now available.

Just recently I purchased websites for the neighborhoods surrounding where I live. The websites are interactive and allows neighbors to enter things like kids ballgames, photos of the kids games or activities, classified ads promoting there business', and they can also view listings and sales in our neighborhood (that's where I show up!). You can check them out and give me your thoughts at the following addresses:www.TheDunesNeighbors.com www.OceanfrontNeighbors.com www.LongBayExt.com

North Beach Plantation has become a spectacular addition to our pre-construction inventory. One bedrooms start at $529,900 and they go up to a 5 bedroom at $2,090,900. The units are large and beautiful. It will probably be 2009 before this project is complete because of the magnitude of the project, but it will be worth the wait! Within the grounds will be a 15,000 sq ft day spa. The community will have everything you need to feel like a king or queen when you stay!

In the next several weeks we will see the release of North Beach Plantation. It will be constructed on the site of the old campground just to the south of Beach Cove on 48th Ave S. in N. Myrtle Beach. There will be two towers that are connected by a bridge consisting of a two story restaurant. There will be 1000 heated sq ft one bedroom units and over 3000 heated sq ft 5 bedroom units. And of course 2,3  and 4 bedrooms fall in between! Units will have gas stove and stainless steel appliances as a standard. The units will be sold unfurnished. Sally Stowe is doing the Interior selections (Sally Stowe is a professional decorator in Myrtle Beach and has a showroom across from our office). Cherry or maple cabinets will be offered. At this point, everything is speculation since the city has not given final approvals. But as soon as they do, I will post the final information. It should be in April. If you are interested in receiving immediate notification of the release you can email me at realestate@martycorley.com and enter North Beach info in the subject.

This past week we enjoyed several days in the upper 70's. The golfers are loving it, For that matter, everyone is enjoying it. The walkers and cyclists are showing up everywhere, The beach goers are out in their swimsuits catching a few rays. It is still far too cold for me, I am still wearing my turtlenecks!

The weatherman on WPDE just announced that we should be in the low 80's by the end of this next week (March 10th), Now that will even make me very happy. Many new projects will be announced this year, so stay tuned!

Paradise Towers is expected to close November 2006.

Holiday Sands should be ready to close in March of 2007.

 

NOTE: 1-18-09: These projects closed out as scheduled and resales are available.

Aloha Towers has just gone to contract. This 2nd row property is located between 73-74th Avenues N. in Myrtle Beach. There are a handful of 1 bedrooms available in the $172,600 range and up.  This property will feature the first swim up bar in Myrtle Beach. The existing structures are being torn down and the new buildings are scheduled for completion in 2007. YOu can contact me if you are interested in a 1 bedroom here. I think it is quite the opportunity!

Grande Palms in Cherry Grove has a few units still available at the original pre-construction prices. They are hoping to get the 2 and 3 bedroom condos sold out soon so that construction can begin. Cherry Grove has always been a favorite spot of many visitors to the Strand. People who are purchasing these 2nd row properties along the Grande Strand have forsight as to where the market is going. WIth high demand growth all the way out to Aynor and beyond, the Myrtle Beach market shows no signs of slowing down.

The old airforce base in Myrtle Beach is changing daily. The HOT new project is the Market Common. Dock Street Communities is building live/work brick townhomes that will have streetfront shops with living above for the small business owner. Many upscale retail stores have already committed to the Commons. PF Changs, Orvis, Coldstone, Tommy Bahama and many more will be featured.

 

March 4th, 2006...

Market Commons Release update

The latest scoop on Market Commons (as of March 5th, 2006) is as follows: Phase one release will have prices in next week to 10 days Contracts (which may now be a reservation/contract) should be ready and available about the 15th or shortly thereafter About 40 units in Phase one The live/work townhomes may not be released until Phase 2 (that is not final, but is probable and I do not know what that means at this point in terms of timeframe)   Also, when the reservation/contract is sent out, I understand it will be the first ones back in with paperwork and money to be in line for unit preference).