Monday, January 24, 2022
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Downtown Redevelopment Hits Snag As Largest Investor Chooses Charleston Over MB

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David Huckshttps://myrtlebeachsc.com
David Hucks is a 12th generation descendant of the area we now call Myrtle Beach, S.C. David attended Coastal Carolina University and like most of his family, has never left the area. David is the lead journalist at MyrtleBeachSC.com

Burroughs and Chapin were the actual founders of Myrtle Beach.

The firm literally laid the foundation and the streets for the city.

So, it came as a surprise to many locals when the now real estate investment trust chose to invest $5.1 million in downtown Charleston as opposed to Myrtle Beach.

The company owns the land at the former Myrtle Beach pavilion. It remains undeveloped.

Myrtle Beach-based real estate investment firm Burroughs & Chapin recently bought the buildings at 346-348 King St. as well as the property at 377 King for $5.1 million

Brenda Bethune

Walter Whetsell is the campaign manager for both U.S. Congressman Tom Rice and Myrtle Beach Mayor Brenda Bethune.

In the last few days, mailers and videos have been released by the Whetsell team touting the mayor’s success in re-developing the town.

However, when the former corporate parent of Myrtle Beach chooses to invest in Charleston, questions are certain to be asked.

As a business concern, most believe that the Charleston investment has much more upside for Burroughs and Chapin than any possible investment in the Myrtle Beach area at this current time.

Vacant lot owned by B&C on 9th and Ocean Blvd.
High Crime area adjacent to vacant lot – Old Hotels On Flagg and Chester Streets

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