Hudson Capital Properties Sells Myrtle Beach, SC Apartment for $53M

Hudson Capital Properties (HCP) has sold Inspire Coastal Grand, located at 1749 Sea Pine Blvd. in Myrtle Beach, SC for $53.2 million. The luxury residential community, designed for 55-and-older residents, consists of 194 one-, two- and three-bedroom residences and a mix of on-site amenities. Wilmington, NC-based Cape Fear Commercial co-developed the project alongside HCP, marking the latest joint venture in the Carolinas involving the two companies. Tai Cohen of Cushman & Wakefield represented HCP in the transaction.

Inspire Coastal Grand features a pool, pickleball courts, ponds, walking trails, bocce courts, a community garden, and shade pavilions. A central clubhouse offers fitness and aerobics rooms, a demonstration kitchen, a social area, a multipurpose room, a theater, and arts and crafts rooms.

Previously, HCP and Cape Fear Commercial partnered in the development of Hudson Rennaissance, a 198-unit luxury apartment community in Wilmington, NC. The two firms are currently co-developing a multi-family project in Surf City, which is currently under construction.