May
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$20M Retirement Community to Be Built in Murrell’s Inlet

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$20M retirement community to be built in Murrell’s Inlet
May 9, 2008

SCBIZ Daily Staff

MURRELL’S INLET – Spartanburg-based Pulliam Investment Co. has partnered with Georgia-based Beacon Communities Inc. to build a $20 million, 146-unit continuing care retirement community in the Prince Creek area of Murrell’s Inlet.

Construction on the project, which is expected to create 60 new jobs, is slated for this summer. It will be located on Highway 707 just south of the TPC of Myrtle Beach Golf Course. It will consist of 60 independent living apartments in a four story building, 16 individual cottages and a 70 bed assisted living and Alzheimer’s care wing. The site plan calls for the units to be built around a central pond with water features, and will include various walking trails and outdoor recreational areas. The grand opening is scheduled for fall 2009.

“We are extremely excited about this project in the south Myrtle Beach/upper Waccamaw neck area of our coast,” stated John L. Easterling, president of Pulliam. “The greater Myrtle Beach area continues to show impressive growth numbers as more and more retirees discover what a wonderful area of the country this is.”

David M. Johnston, president of Beacon, which is a company that manages and operates numerous retirement communities in the nation, said, “Our marketing studies indicate a tremendous demand for this product in this location. We will create a relaxed, enjoyable living environment that today’s retirees want and deserve.”

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