September 9, 2019
Cushman & Wakefield has arranged the $47.6-million sale of The Vinings at Market Common, a 288-unit apartment community in Myrtle Beach. The property is located at 2501 Hammock St., and consists of a mix of one-, two- and three-bedroom apartments. Amenities include a swimming pool with beach entry, outdoor gathering area with fireplace, outdoor lounge with a veranda, a pet park area, fitness center, entertainment kitchen and a clubhouse with business center.
Myrtle Beach is nationally ranked as the second fastest-growing metro, and is expected to add 18,700 new jobs through 2023 fueled by its expanding healthcare and tourism industries.
Alex Brown, Tai Cohen and Marc Robinson of Cushman & Wakefield represented the seller, Standard Capital Partners, in the transaction. The buyer was Sillman Enterprises.
For comments, questions or concerns, please contact David Cohen
Tags: Apartments & Multifamily