Approximately 210 acres of undeveloped land with 12 parcels zoned for commercial and residential uses. The property was once a portion of the former Myrtle Beach Air Force Base.
Project Description
Douglas Wilson Companies (DWC) was charged to preserve and protect the property as well as assist in the brokerage transaction.
Scope of Work
DWC was tasked to secure, manage and maintain the undeveloped land. DWC oversaw the South Carolina Department of Transportation’s acquisition of 13.12 acres needed to complete the Highway 17 bypass flyover improvements located adjacent to the property. In addition, DWC negotiated the Railroad Bed Road Acquisition (in conjunction with the Highway 17 bypass) with the City of Myrtle Beach. Following lengthy negotiations, the City agreed that in exchange for 3.11 acres of right of way, it would construct the Railroad Bed Road at the City’s expense. DWC assisted the bank during the foreclosure process including negotiating the brokerage transaction.
Project Resolution
The entire subdivision was eventually sold by the Receiver.
Project Name
Myrtle Beach
Client
Court of Common Pleas for the Fifteenth Judicial Circuit, South Carolina
Location
Myrtle Beach, SC
