Latitude at the Commons is a Class-A workforce housing community located in Myrtle Beach, South Carolina. Trammel Crow Residential completed the property in 2009 at the Market Commons, the preeminent lifestyle shopping and entertainment district in Myrtle Beach. This sought-after location provides residents immediate access to upscale shopping, entertainment, and commercial opportunities offered in this southern coastal region. The Myrtle Beach area enjoys a rapidly growing and diverse economy with over 7300 educational jobs, 9950 health service jobs, and Coastal Carolina University and the Grand Strand Regional Medical Center. Over 41,000 jobs are projected for the area by 2023.
Latitude at the Commons was the last remaining multifamily site located in The Commons. The community consists of 12 residential buildings and one clubhouse, along with seven garage/storage buildings. One-, two-, and three-bedroom floor plans range from 780 square feet to 1,260 square feet. The site includes many amenities, including a clubhouse, fitness center, bike share program, swimming pool with cabanas, media center, business center, pet park, detached garages, pool table, and billiards. Interior unit amenities include 9' ceilings, black appliances, ceiling fans, built-in desks, garden tubs, microwave oven, track lighting, W/D connections, window blinds, and walk-in closets. Select units include wood-style flooring and washer/dryer equipment.
ApexOne Multifamily Fund III, LP purchased Latitude at the Commons and will hold long-term to capture growth and appreciation after completing the initial value-add renovation program. Hawthorne Residential will provide on-site property management services.