New housing options could be headed to The Market Common - WMBFNews.com, Myrtle Beach/Florence SC, Weather

New housing options could be headed to The Market Common

(Source: Jenna DeAngelis) (Source: Jenna DeAngelis)
(Source: Jenna DeAngelis) (Source: Jenna DeAngelis)
(Source: Jenna DeAngelis) (Source: Jenna DeAngelis)
MYRTLE BEACH, SC (WMBF) - Townhomes, houses, condos, and apartments, could be going up in and around the Market Common to meet the demand to live there.

HomeFed Corporation - the owner of The Market Common commercial center, the existing apartments, and other undeveloped land - has an idea to build a new luxury apartment complex.

It would sit just two lots over from Valor Park and directly across from the land where new homes are being built and the park. The vacant lot is surrounded by Howard Avenue, Farrow Parkway and Iris Street.

They are planning three-story buildings made up of 122 units. Garages, courtyards and a pool are just some of the perks that could come with the complex.

According to a company spokesperson, projected rent would be between $850 and $1,350 per month.

No detailed drawings have been created, and this has not been officially presented to the city, therefore there is no word on if and when we could see this come to life.

The idea is to draw in more young professionals and a crowd that would take advantage of the shops and restaurants in The Market Common, like Halaina's Salon.

"We have so many businesses here that have gone out of business because there's not enough consumers to support those small businesses,” said owner Halaina Cauble. “Personally I think it's awesome, it will help small businesses like ours grow."

The company is reaching out to the community for input.

"I'm a little concerned that they're over-saturating this really unique area,” said neighbor Kathy Cannon.

Kathy feels this way because it's not the only development in the works. If you remember, WMBF News told you first about a proposal to build a condo complex off Farrow. This would be between Toffino's and the front gate. The company looking to do this, Dock Street, is currently working on plans with the city. These 48 condos would be the first to come to the Market Common, if and when it gets the nod.

Another new living option is down the road for Farrow Parkway. It will be towards the backgate - the Vinings. It's going to be a complex of 11 apartments with 288 units.

"There's a lot of times where people don't want to make a commitment or aren't in the position to buy at the particular moment, so it'd give them an opportunity to feel out the area and see how much they like it,” said local Kathie Rodriguez, referring to apartments.

Real estate agents are calling this area hot for development, and they don't anticipate it slowing down anytime soon.

Copyright 2015 WMBF News. All rights reserved.
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