Construction of 25 single-family houses at Second Avenue North and the Intracoastal Waterway in North Myrtle Beach could begin next year after the housing project was originally approved seven years ago for multifamily condominiums.
New developers - Second Avenue Partners, LLC - asked the city earlier this month to change the Bellasera on the Waterway project, which was previously approved for multifamily condominiums, to include 25 single-family homes and 283 multifamily units, down from the originally planned 366 units, according to city staff.
“We didn’t think the current housing environment would act favorably for midrise condo building,” said Gary Wadsten, managing partner at Carolina Holdings Group in Myrtle Beach.
Wadsten said the plan would be to build the 25 single-family houses in the first phase and then “see how things will progress” before deciding whether to build multifamily units in the second and third phases or build all single-family homes during those phases. Starting price of the single-family homes would be in the high $100,000s, Wadsten said.
The developers are looking to build Charleston-style single-family houses and anticipate starting construction on them in the first quarter of 2013, Wadsten said.
The North Myrtle Beach City Council gave initial approval to the residential changes and is expected to take a second and final vote at its meeting Monday, city spokesman Pat Dowling said. Councilman Greg Duckworth recused himself at the Sept.17 meeting because his firm, Environmental Concepts, did a landscaping buffer design for the Bellasera project.
In 2005, the council approved the then-Bellasera Villas project, which was to include multifamily condominiums and an office building. Work has not started on the condos because of the housing market collapse, officials said. The office building - which is under different ownership - was built, but sits empty, Wadsten said.
In May, Second Avenue Partners bought from the bank the 13.55 acres for the residential areas at Second Avenue North and the Intracoastal Waterway, Wadsten said. The office building, Bellasera Place, sits on the remaining 1.77 acres.
Contact JANELLE FROST at 443-2404.