NORTH MYRTLE BEACH, SC - The Klotz Group of Companies, an Atlantic Beach, Florida-based private equity real estate investment platform, and Longleaf Real Estate, a Charleston, South Carolina-based real estate development firm announced plans to begin construction this summer on a best-in-class, master-planned community called The Preserve in North Myrtle Beach. The proposed project includes 370 luxury apartment units, 207 build-to-rent homes, 227 paired villas lots and 10,000 square feet of commercial space which is estimated to cost over $250 Million.
“Myrtle Beach is ranked as one of the fastest growing areas in the country,” said Jeff Klotz, President and CEO of The Klotz Group of Companies. “This is the right time for a well-located master-planned community like The Preserve to meet demand from the influx of new residents and we look forward to breaking ground any day now.”
The project, situated between the Intercoastal Waterway and the Carolina Bays Parkway, will eventually be a part of more than 3,500 dwelling units and one million square feet of commercial space, including a 165,000 square foot Amazon same-day delivery facility.
The Preserve is located just north of the prestigious Grand Dunes golf community and is a 10-minute drive to the Atlantic Ocean.
“As North Myrtle Beach continues to grow at a fast pace, developable land is becoming harder to find,” said Josh Hughes, Principal of Longleaf Real Estate. “This is a great opportunity to secure one of the last remaining developable sites and create a high-quality living experience that caters to a wide range of housing needs.”
The Preserve promises to be a game-changer for the quiet beach town, offering a vibrant mix of residential and commercial use. The acquisition enables Klotz and Longleaf to build on the strong fundamentals they see in coastal residential markets like North Myrtle Beach.
About The Klotz Companies: For more than 25 years, The Klotz Group of Companies has served as a trusted real estate investment partner, providing a vertically integrated & comprehensive private equity real estate investment platform. Since 1995, The Klotz Group has established itself as one of the most active multifamily groups in the Southeast, creating a track-record of success providing superior risk-adjusted returns while capitalizing on the expertise of its teams, executives and management professionals whose experience combines both operational and niche market knowledge. To learn more, visit www.theklotzcompanies.com
About Longleaf Real Estate: Longleaf Real Estate, a development firm founded in 2015, focuses on the southeastern U.S. with an emphasis on coastal markets. The firm specializes in multifamily, single-family build-to-rent, and build-to-sale infrastructure, prioritizing value-add and opportunistic investment opportunities. To learn more, visit www.longleafre.com