Premier Resorts International Inc. has bought out Barefoot Resort Club LLC - allowing Premier to move forward with plans first announced and approved two years ago.
Premier now owns Barefoot Resort Yacht Club marina and Docksider's Grille. It also owns Premier Holdings of South Carolina LLC, which owns an adjacent 76 acres of land west of the Intracoastal Waterway at Barefoot in North Myrtle Beach.
Premier is a condominium-resort management company based out of Park City, Utah.
The deal means that Premier is close to beginning construction on several new facilities and starting its search for tenants for its town center.
The plans for the additions to Barefoot Resort were approved by North Myrtle Beach in April 2004, but disagreement between the two companies that owned the project kept plans stalled, said Bradley T. Goulding, chief operating officer at Premier Resorts International.
"The two companies could not agree. Now one company has bought the other one out. We're now the 100 percent owners of the marina and the restaurant and the undeveloped land," he said.
Premier plans to build a waterfront plaza next to Docksider's Grille that can be used for event space with a 5,000-square-foot event tent, catering kitchen and restrooms.
That project will be completed in the spring, said Wim Pastoor, Premier Resorts general manager at Barefoot.
The plaza will be the venue for the second annual Barefoot Resort Boat Show on May 11 through 13.
The company will also break ground this year on the Lakeside Conference Facility, offering 17,000 square feet of convention meeting space. The project will include a spa and fitness center.
Barefoot Resort Town Centre will pop up as a Charleston-style outdoor shopping area of retail, restaurants, bank facilities, a car wash and a gas station. The company doesn't have a timeline yet for the town center.
Barefoot residents say they are pleased the project will finally move forward.
"I'm very excited that it's finally getting going," said Steve McCarthy, Barefoot resident and real estate agent. "It can only add to what Barefoot already has to offer."
First building expo in S.C.
More than 300 companies in the building industry are headed to the Grand Strand for the first Building Industry Expo and Conference ever held in South Carolina.
The expo is only open to builders in South Carolina and will offer them classes and a chance to learn what's hot for 2007, said Annie Smith, show director.
The expo and conference starts Thursday and runs through Saturday.
Builders will attend 35 different classes such as construction safety and marketing to baby boomers. The Horry-Georgetown Homebuilders Association is the sponsor.