- The Market Common Myrtle Beach
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The Market Common Myrtle Beach 
Market CommonLocation Myrtle Beach, South Carolina, U.S. Opening date April 2008 Developer Lennar Corp. No. of stores and services 48 Website www.marketcommonmb.com The Market Common Myrtle Beach is a 114-acre (0.46 km2) lifestyle center located in Myrtle Beach, South Carolina. It is part of the Myrtle Beach International Airport complex that became civilian after the closure of the Air Force Base that was shared with the airport. It is located near the Myrtle Beach International Airport. It competes mainly with nearby shopping complexes Coastal Grand Mall and Broadway at the Beach. With a 'town like' atmosphere, the center has townhomes, small stores and restaurants, a movie theater, and a grocery store.
The main complex, opened in 2008, has over 370,000 square feet (34,000 m2) of shops, nearly 24,000 square feet (2,200 m2) of offices and 195 residential units.[1]
Many streets are named after former MBAFB Wing and Base Commanders, or other notable Air Force members who were assigned to the base. Also scattered throughout Market Common are small memorial information signs noting historical facts about the base.
Popular stores at the center include Pottery Barn, Barnes and Noble, Piggly Wiggly, Williams-Sonoma, and White House Black Market. Popular restaurants include P.F. Chang's, Gordon Biersch and Tommy Bahama.
Market Common in 2011 will be part of the new course for Myrtle Beach Marathon XIII as turn off south Kings Highway, as runners on both the Bi-Lo Marathon (SC10008BS) and Dasani Half Marathon (SC10009BS) will run through the area as kilometers 8-12 of both courses.[2][3]
Foreclosure and sale
On May 11, 2010, JPMorgan Chase claimed in a foreclosure suit that LUK-MB1 LLC owed $105 million and was no longer making payments on the construction loan for The Market Common. Jones Lang LaSalle, as receiver, managed the complex.
37 of 55 businesses were on a "watch list", meaning they had asked for or could get reductions in rent, or that they had to meet certain conditions to stay in the center.[1]
According to spokewoman Hatton Gravely, The Market Common still increased overall sales 7 percent in 2010.[4]
An attorney representing the receiver said in a written statement that The Market Common was sold to BEI-Beach LLC, incorporated in Delaware on Dec. 27.[5]
References
- ^ a b Saldinger, Adva (2010-09-01). "Buyers browse Market Common in Myrtle Beach". The Sun News. http://www.thesunnews.com/2010/09/01/1667259/buyers-browse-market-common.html. Retrieved 2010-09-01.
- ^ Course for the Bi-Lo Marathon.
- ^ Course for the Dasani Half Marathon.
- ^ Bryant, Dawn (2010-12-31). "Market Common clothier to close". The Sun News. http://www.thesunnews.com/2010/12/31/1895167/retail-roundup-market-common-clothier.html. Retrieved 2010-12-31.
- ^ Spring, Jake (2011-01-08). "The Market Common in Myrtle Beach sold out of foreclosure". The Sun News. http://www.thesunnews.com/2011/01/08/1909159/the-market-common-sold.html. Retrieved 2011-01-08.
External links
Categories:- Myrtle Beach, South Carolina
- Shopping malls in South Carolina
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