Bottom Of The Barrel

A new business model

While roaming around Myrtle beach this week, we stumbled onto a new development called The Market Common. The property is on what once was an air force base situated next to the Myrtle Beach Airport. The idea behind the Common is it be the new Myrtle Beach. Away from the long strip of hotels that line the ocean side along business route 17. The old MB is nothing but hotels, eateries and family amusement parks. The old downtown has no real beach feel since it can be seen from the road and with all those hotels feels very unfriendly and unwelcoming. In contrast, the Common is being developed as a residential community built around shopping, restaurants and on-site events. The site has been open for almost a year and are basically in phase one of development. Most for the retail space is open for business and in the coming months they hope it will be running at full capacity. The housing has all been built around a townhouse style of structures with 2 and 3 floor traditional townhouses and some non-traditional carriage-house townhouses. One of the unique features of the near retail town homes is what they call live and work structures which include 2 floors of living above the first floor retail space which the owner can use for there own business or rent to someone else. It is interesting to imagine what one would do if you had retail space on the first floor of your home. In the coming years they have planned additional housing including some free standing detached housing which could be tempting. If the housing continues to be built and purchased, this could be a very interesting area to watch in Myrtle Beach.

Labels: Business

posted by TheWino @ 4:12 PM