Latitude at the Commons is a Class-A workforce housing community located in Myrtle Beach, SC, one of the fastest growing communities in the nation. The property was developed by Trammel Crow Residential in 2009 and is located within the Market Common, the preeminent lifestyle shopping and entertainment district in the Myrtle Beach area. This sought-after location provides residents immediate access to the nicest 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, along with 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 7 garage/storage buildings. One-, two-, and three-bedroom floor plans are offered ranging from 780 square feet to 1,260 square feet. The site includes many amenities including: 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.
The property was acquired by ApexOne Multifamily Fund III, LP and will be held in portfolio for long term growth and appreciation after the completion of the initial value-add renovation program. Property management services are provided by Hawthorne Residential.