FOR SALE ACRE PLANNED UNIT DEVELOPMENT

Transcription

1 HWY 501 FOR SALE ACRE PLANNED UNIT DEVELOPMENT MYRTLE BEACH - SOUTH CAROLINA FARROW PARKWAY & HWY 17 BYPASS HWY 544 HWY 17 BYPASS HWY 17 BUSINESS SHORT SALE MASTER PLANNED DEVELOPMENT FULLY-ENTITLED PUD WITH HIGH COMMERCIAL AND RESIDENTIAL DENSITY WOODY MOORE, CCIM DIRECT woody.moore@colliers.com PETER FENNELLY, SIOR, MCR DIRECT peter.fennelly@colliers.com ROX POLLARD DIRECT rox.pollard@colliers.com SETH CLARK DIRECT seth.clark@colliers.com

2 FOR SALE ACRE PLANNED UNIT DEVELOPMENT MYRTLE BEACH - SOUTH CAROLINA FARROW PARKWAY & HWY 17 BYPASS OFFERING Colliers International is pleased to present this extraordinary opportunity as exclusive marketing agent. This court ordered sale is an excellent opportunity to acquire a 236 acre portion of Withers Preserve, an exclusive master-planned development located in Myrtle Beach, South Carolina. This site is a fully-entitled, planned-unit development, designed as a mixed-use urban village at the heart of Withers Preserve. Envisioned as a sustainable community, Withers Preserve is the culmination of years of careful planning resulting in an innovative land plan that maximizes density and enhances the live/work experience. The subject property is one of four major developments within Withers Preserve. Formerly part of the 3,800 acre Myrtle Beach Air Force Base, Withers Preserve is today an impressive example of a public/private partnership that has transformed the site. Together with the Myrtle Beach International Airport, Grand Park sports complex and the Market Common town center, Withers Preserve is well on its way to becoming Myrtle Beach s upscale new urban core. To facilitate a quick sale of the entire tract, Colliers International will conduct an aggressive marketing campaign consisting of a short marketing period through October 15, 2010, with a closing date not later than November 30, Interested parties are encouraged to submit contracts or proposals not later than October 15, Within five (5) days thereafter the Receiver will notify Buyer, or their agent of its intent to move forward. The terms and conditions of each offer will be given equal weight and consideration; however no proposal with a closing date beyond November 30, 2010 will be accepted. Upon the execution of a Confidentiality Agreement, a full due diligence package is available for review which contains title information, sales history, engineering information, surveys, development plans, appraisal, environmental and other test reports. Also included is a base form sales agreement with all pertinent property and ownership information for use when submitting offers. For further information please contact us. Thank you for your consideration.

3 MYRTLE BEACH AND THE GRAND STRAND Top 20 Healthiest Housing Markets for 2010 BUILDER MAGAZINE Top Ten Places for Families to Visit in the United States (2008) YAHOO! Best Destination in the U.S. for Beach and Sun (2010) TRIPADVISOR Top 25 Best Beaches in the USA (2010) U.S. NEWS & WORLD REPORTS Myrtle Beach is the third ranked tourist destination in the United States, attracting more than 14 million visitors annually from the U.S., Canada and Europe. Known for its wide sandy beaches, sub-tropical climate, great shopping, restaurants and over 100 golf courses, Myrtle Beach has earned the ranking as one of the fastest growing metropolitan areas in the United States. Withers Preserve was deliberately placed in the heart of the South Strand, the most densely populated area along the 60-mile stretch of coast known as the Grand Strand. More residents live within a five mile radius of Withers Preserve than any other retail node on the Grand Strand. This is largely due to the natural geographic barriers created by the Intracoastal Waterway, Waccamaw River and Atlantic Ocean, creating the opportunity for high-density growth in an area rich with natural beauty.

4 A D-1 ZONING PUD (Planned Unit Development); Horry County, South Carolina. Zoning accommodates residential, retail, office, multifamily, medical, hotel, senior living. E-2 A-1 A-2 D-2 LOCATION The project is strategically located between Myrtle Beach s two main thoroughfares, Route 17 Bypass and Ocean Boulevard. The new Farrow Parkway now connects these two heavily travelled roads and serves as the gateway into Market Common and all of southern Myrtle Beach. HIGHLIGHTS $30 million in public investment 200 acre Grandpark Sports Complex 150 acres of freshwater lakes Beautiful landscaped roads and bike paths SUBJECT E-1 J K F H G L I Gross Acres: 236+/- Entitlements: Approved PUD Land Use: Mixed-Use Residential: 1,329 Units Density: 7.17+/- dwelling units per residential acre Commercial: 400,000+/- SF

5 WITHERS PRESERVE - CONCEPTUAL LAYOUT

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7 Opened April of 2008, the $600 million Market Common is an award winning 114-acre upscale urban village set at the eastern entrance to Withers Preserve. Designed as a live-work community with 195 apartments and 346,000 SF of commercial space, it is home to the most exclusive retailers found along this stretch of coast. National retail options range from beach attire to high fashion, cafes to fine dining, theaters, pubs and parks. Residential occupancy is 100% and Retail occupancy is 87.5%. A key component to the redevelopment of the former Myrtle Beach Air Force Base, the success of The Market Common has paved the way for the future development of these 236 acres at Withers Preserve. TENANTS P.F. Chang s China Bistro Gordon Biersch Brewery Copper Penny The Orvis Company Tommy Bahama Emporium Brooks Brothers Country Club Anthropologie William-Sonoma Pottery Barn Grand 14 at Market Common (Cinema) Piggly Wiggly Banana Republic Yoga in Common Fossil Sunglass Hut Roy & Sid s American Grill Barnes & Noble Ultimate California Pizza Xtreme Surf & Skateboard Co. Ann Taylor Blue Mer Travinia Italian Kitchen Lazy Gator Canipes Chocolates & Candies King Street Grille White House/ Black Market Victoria s Secret The Big Tuna Rug Décor Booty s Outdoors Divine Prime Coldwater Creek Bungalow Bailey s Handpicked

8 POPULATION 1 Mile Radius 3 Mile Radius 5 Mile Radius Myrtle Beach South Carolina United States ,775 21, ,629 4,012, ,421, ,212 27,495 66, ,164 4,406, ,141, ,526 31,578 77, ,157 4,662, ,161,431 Annual Change % 3.17% 3.41% 3.11% 1.18% 0.98% % 2.83% 2.96% 2.79% 1.14% 0.97% HOUSEHOLDS ,910 21,455 81,800 1,533, ,480, ,990 29, ,929 1,734, ,694, ,108 14,228 34, ,410 1,869, ,741,378 Annual Change % 3.78% 3.93% 3.76% 1.55% 1.05% % 3.48% 3.55% 3.48% 1.51% 1.03% AVERAGE HOUSEHOLD INCOME 2000 $51,950 $50,302 $47,603 $47,305 $48,364 $56, $65,859 $60,023 $55,277 $54,495 $56,419 $67, $72,910 $66,074 $60,530 $59,578 $62,012 $75,843 Annual Change % 2.23% 1.89% 1.78% 1.94% 2.29% % 1.94% 1.83% 1.80% 1.91% 2.23% OCCUPANCY 2008 Occupied Housing Units ,990 29, ,929 1,734, ,694,201 Owner Occupied 57.93% 68.74% 66.63% 73.12% 73.12% 67.12% Renter Occupied 42.07% 31.26% 33.37% 26.73% 26.88% 32.88% Source: CLARITAS INC.

9 FOR SALE ACRE PLANNED UNIT DEVELOPMENT MYRTLE BEACH - SOUTH CAROLINA FARROW PARKWAY & HWY 17 BYPASS Contact Us WOODY MOORE, CCIM DIRECT woody.moore@colliers.com PETER FENNELLY, SIOR, MCR DIRECT peter.fennelly@colliers.com ROX POLLARD DIRECT rox.pollard@colliers.com SETH CLARK DIRECT seth.clark@colliers.com Colliers International Charleston, LLC and certain of its subsidiaries, is an independently owned and operated business and a member firm of Colliers International Property Consultants, an affiliation of independent companies with over 61 offices throughout more than 480 countries worldwide. Information contained herein has been obtained from the owner of the property or other sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it.