Housing plans develop on Farrow Parkway

MYRTLE BEACH, SC (WMBF) - The scenery along Farrow Parkway is in a constant transition. Now, lots are being cleared for hundreds of single-family houses.

The frames of the houses are just the first sign of the development along Farrow Parkway. The City Planner says planning for this project started months ago and when it wraps up there will be more than 500 single-family homes.

"Developers are clearing trees, leveling the land, and making sure all the proper drainage is in place for the houses," explains Allison Hardin with the Myrtle Beach Planning Department.

Hardin explains the lots are divided up between different contractors building the subdivisions.

"If you look at the sale of already existing single-family homes in the Market Common, you will see the public's interest in getting into the area," says Hardin.

Realtors with Dock Street Realty Inc can attest to that. The company says their single-family units are quickly selling.

"The market for multi-family and town homes has been hurt over the years. But, people can buy single-family homes for a lot less now than they could before," says Duke Melton, the Sales Director with Dock Street Realty Inc.

Dock Street Realty says the development of so many new homes in the area shows how quickly the housing market is rebounding in the Market Common.

"It started last year, we have 100 percent growth overall compared to the past year," says Melton.

The City Planner explains all 500 houses will not be built at the same time. They will be built in smaller groups.

Copyright 2013 WMBF News. All rights reserved.