Major Transformation Coming to Grande Dunes with Marina Village Development

An artist's rendering of the future Marina Village development showcasing residential and commercial spaces along the Intracoastal Waterway.

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News Summary

The vibrant community of Grande Dunes in Myrtle Beach is set for a significant transformation as construction begins on the Marina Village project. This development will feature a mix of housing and commercial spaces overlooking the Intracoastal Waterway, attracting both investors and homebuyers. While anticipation grows among local residents about the project details, a proposed connection between the Grande Dunes Members Club and former Waterway Hills Golf Club faced community pushback and was denied. With ongoing developments, Grande Dunes is poised for notable growth and change.

Major Transformation Coming to Grande Dunes with Marina Village Development

The vibrant community of Grande Dunes in Myrtle Beach is gearing up for a significant transformation as construction crews have started clearing trees on several vacant plots of land located directly across from Grand Strand Medical Center. This ambitious project, dubbed Marina Village, promises to reshape the area, creating a mix of housing and commercial spaces that will overlook the stunning Intracoastal Waterway.

Strategic Location and Future Prospects

The parcels earmarked for development are strategically positioned along Highway 17, providing easy accessibility to residents and visitors alike. This choice of location enhances the potential for future growth and development, making it an attractive area for both investors and homebuyers. These properties are owned by GD Marina LLC, a company established in Delaware as part of Freehold Capital Management, which has its headquarters in Boston.

Although the full scope of Marina Village remains largely under wraps, earlier communications from Freehold Capital Management hinted at plans for a mix of homes, apartments, and commercial properties on both sides of Highway 17. The proposed venture is set to span just under 76 acres, making it a considerable addition to the community.

Market Insights and Construction Status

Current data from Horry County land records indicates that no construction permits are required for the project, which could expedite development timelines significantly. The land in question was last sold in 2013 and now boasts an estimated market value of approximately $14.5 million.

While the outlines of the project are becoming clearer, details concerning the total number of homes, their starting prices, and specific construction timelines are still to be disclosed. This lack of information has led to growing anticipation among local residents and potential buyers, eager to know how Marina Village will impact their community.

Previous Development Plans and Community Response

Grande Dunes Members Club with the former Waterway Hills Golf Club was recently denied by Myrtle Beach planning officials. This proposal faced considerable pushback from the local community, particularly the Golf Village Property Owners Association, who raised concerns over potential property devaluation and increased traffic.

The proposal required a 67% approval rate from residents, a target that was not met amidst the rising concerns. Planning officials advised LStar to negotiate a community agreement before re-submitting any proposals. Despite this setback, LStar still maintains ownership of the 18-hole golf course and the surrounding housing developments within Grande Dunes.

Future Neighborhood Plans in Grande Dunes

In addition to the Marina Village development, plans for a new neighborhood known as Waterway Hills Village are moving forward, with an expected total of around 888 homes. Sales for this neighborhood are set to commence by the end of 2019, granting further opportunities for growth in this thriving area.

It’s important to note that the proposed private road intended for Grande Dunes Members Club would primarily allow access to club members, further emphasizing the exclusivity of this upscale community.