MYRTLE BEACH — Demolition has begun on the Beach View Apartments to make way for a new 22-story, 230 unit timeshare hotel tower.
The demolition of the two Beach View towers, which began Aug. 19, is expected to go through mid-September. Residents of the apartments, located at 2200 and 2202 N. Ocean Blvd., had to move out by July 30.
Crystal Blue Investment Group is planning to bring Hilton Grand Vacations Club to the stretch of beach between Schooner II Beach and Racquet Club and Boardwalk Hotel on North Ocean Boulevard, according to plans submitted to the city. The project is estimated to cost $41.5 million, according to the documents.
Work is anticipated to begin Oct. 15 with a 20-month timetable for construction, project architect Larry Timbes said, setting completion around July 2015.
The timeshare is the third new lodging establishment proposed for Myrtle Beach this year, after no new hotels were built in the city since 2009, when construction stopped during the Great Recession.
Contact MAYA T. PRABHU at 444-1722 or follow her at Twitter.com/TSN_MPrabhu.