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Myrtle Beach Real Estate News Articles

 

Hard Rock Park is billionaire's next step in U.S.

Posted on Sunday, Jul. 29, 2007,  By David Wren

The billionaire behind the Hard Rock Park being built in Horry County is a tough - some might say cutthroat - businessman who was born in Russia, emigrated to Israel as a teenager and made a fortune in the diamond mines of war-torn Africa before turning his sights on the United States.

Lev Leviev, who will turn 51 years old Monday, is chairman and majority owner of Israel-based Africa Israel Investments Ltd.

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 "These investors are very selective, not only about the projects they choose but the markets where those projects are located," Dean said. "They obviously see a bright future for the Grand Strand."       Read Entire Article

 

Luxury towers' units nearly full in pre-sale

N. MYRTLE BEACH  -The Sun News, Myrtle Beach, SC

Almost two years after the Barefoot Camping Resort closed, the North Beach Plantation towers under construction in its place are 90 percent pre-sold, said developer David Stradinger, owner of Winchester Land and Development Corp.

The North Beach Towers project is costing $150 million just for construction with eight banks lending money, Stradinger said.  "The uniqueness is just its size," he said, as well as the upscale Georgian architecture on a resort with a spa and a two-and-a-half acre pool area with swim-up bar.

Units are priced from the mid $500,000s to $2 million. Stradinger said 62 percent of those who have purchased are Carolinas residents.  "This is an unusually high percentage and indicates more of a second-home-buyer profile," he said.

The bridge connecting the two towers, which will hold a restaurant, costs $8 million.  The towers will top out in December and be completed in December 2008.    North Beach Plantation