Jun
29

Myrtle Beach’s Burroughs & Chapin to Expand to Charleston?

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June 28, 2008

By Katy Stech – The Post and Courier

A Grand Strand developer that spearheaded the transformation of Myrtle Beach from a quiet seaside town into a sprawling metropolis centered around flashy tourist attractions has its eye on Charleston.

Burroughs & Chapin Co. Inc., a 113-year-old company that owns developments ranging from golf courses to malls to luxury neighborhoods, is seeking to diversity its business and expand beyond its empire up the coast — possibly into the Lowcountry.

“We’re looking to expand our real estate and development pursuits outside of Myrtle Beach, and certainly Charleston is an attractive market to us,” said Terry Horack, executive vice president.

Burroughs & Chapin’s interest stems from the Charleston area’s affluence and its proximity to the company’s base, he said. He declined to comment on specific deals the firm is working on.

The family-owned company was formed by Franklin G. Burroughs, who began a small turpentine business, according to its Web site. He partnered with another businessman to build the first railway through the Horry County swamps to what later developed into the Grand Strand area.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.charleston.net/news/2008/jun/28/beyond_strand45948/
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