NORTH MYRTLE BEACH, S.C. (WBTW)– A new mixed-use development is set to break ground this summer in North Myrtle Beach, boasting a $250 million price tag.

The Preserve will feature 370 luxury apartments, with a mix of one, 2 and 3-bedroom units, 207 built-to-rent homes and 227 paired villa lots.

Klotz Group CEO Jeff Klotz said his company has been working with city leaders on the project since 2021.

“They were really good at their willingness to sit down and tell us what aspects of the initial design they liked and didn’t like,” he said. “And then as we work through various renditions, phases or versions of a project, they were very communicative in what they felt the city needed and or wanted.”

The Preserve is located between Highway 22 and Carolina Bays Parkway, just off Water Tower Road.

Featured along the 800 homes coming to the area will be a 10,000-square-foot commercial and retail space.

“We’ve had loads and loads of outreach from everybody from the typical traditional quick service restaurant to the coffee shop, to the convenience store, to the drugstore to the bank, you name it,” said Klotz.

Throughout the 110-acre lot, there are some wetlands, which developers say they plan to protect and incorporate into the development.

“The project does include significant what we’ll call stormwater retention areas, ponds, and lakes. And of course, most of our projects include the use of reclaimed water for irrigation, which is obviously a big plus to the environment,” Klotz said.

Klotz said he believes the projects the company develops provide a unique quality of life for residents.

“We spent a lot of time on, on the experience side of living in a community that we develop, and we think that the residents will truly do appreciate that right? Because anytime you could give someone a real sense of community, especially someone new to the area it makes a big, big difference,” he said.

Developers said construction is likely to begin in around 60 days, and price points for rents haven’t yet been set, but could be around $2,000 a month.

Savannah Denton joined News 13 in July 2023 as a reporter and producer. Savannah is from Atlanta, Georgia, and is a graduate of the University of Alabama. Follow Savannah on X, formerly Twitter, and read more of her work here. 

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