North Myrtle Beach is headed toward another major development, although this time it’s for homes rather than stores.
Developers are asking the city to annex and zone residential 92 acres on Robert Edge Parkway between U.S. 17 and S.C. 31.
They have agreed with the city’s Planning Commission to set multi-story buildings 400 feet back from the property’s edge along the Intracoastal Waterway because of concerns of residents in two communities across the waterway.
Developers could not be reached for comment Monday, but Pat Dowling, North Myrtle Beach spokesman, said the subdivision is one that developers had begun to plan before the Great Recession.
“It looks like they ran up against the recession and decided to put it on hold,” Dowling said.
While no site plans have been submitted to the city yet, the land will be zoned to accommodate both single-family and multi-family neighborhoods with a small commercial space, some of which could be along a lake that’s within the acreage.
The development, which is not named yet, is the third either announced or to open this year in essentially the same part of the city.
Coastal North Town Center is under construction not far away on U.S. 17.
Near Gator Hole Plaza, the Town Center should open later this year with the Grand Strand’s first Hobby Lobby and Publix Super Market, as well as other stores that already have a presence along the Grand Strand: TJ Maxx, Ulta Beauty, Dick’s Sporting Goods, Ross Dress for Less, Rack Room Shoes, PetSmart and Versona Accessories.
Champions Crossing along Robert Edge Parkway on the inland side of S.C. 31 has been owned by a Winston-Salem, N.C., developer for a number of years. Scott Williamson, the company’s vice president, said he hopes to attract merchants from out of the area that will appeal to a regional audience.
Williamson said he expects to begin announcing tenants of the center later this year.
Like the new subdivision, Champions Crossing was originally planned before the recession and then put on hold until earlier this year.
Dowling said the original plan for the subdivision had more single-family homes than is anticipated from the new plan. Single-family homes will help fill the 400 feet between the waterway and the multi-family buildings.
The maximum commercial development is about 20,000 square feet, Dowling said.
The lake on the property is a former coquina pit that he said is 80 feet deep.