HCP Announces Completion of 55+ Community in Myrtle Beach
Multifamily real estate investment and development firm Hudson Capital Properties (HCP) has announced the completion of Inspire Coastal Grand, a 194-unit luxury residential community designed for 55-and-older residents in Myrtle Beach, S.C.
Inspire Coastal Grand features resort-like amenities, including a pool, pickleball courts, ponds, walking trails, bocce courts, a community garden, and shade pavilions. The clubhouse offers fitness and aerobics rooms, a demonstration kitchen, a social area, a multipurpose room and a theater. Construction on the community began in 2019. HCP partnered with GHK Cape Fear Development of Wilmington, N.C. on the project.
“The combination of low taxes, lower cost of living and warm weather has made Myrtle Beach an increasingly sought-after retirement destination,” said Bill Schoettelkotte, director of development services at GHK Cape Fear. “The active adult housing market has considerable potential because this product can enable seniors to continue an active lifestyle as their financial and healthcare requirements evolve. In this case, we believe that demand outweighs supply by a substantial margin.”
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.