North Myrtle Beach leaders OK two big residential projects years in the making
First, officials approved a new look for Bahama Island, initially conceived in 2018 as a 361-spot RV resort that's now being built as Long Bay Village, a 137-unit subdivision off the Intracoastal Waterway.
Under terms of the deal, the city will receive up to $698,700 in enhancement fees.
'I think we've been through this many times, and it's a huge reduction in density. I'm OK with everything they've done here,' councilman Fred 'Bubba' Collins said.
Also Monday, a scaled-back version of The Preserve was accepted, allowing Florida-based The Klotz Group to move forward with plans for a 597-home community.
The Florida-based Klotz Group of Companies bought the property in 2021 and announced plans last year for a $250 million community of more than 800 homes and a 10-square-foot commercial building on 110 acres.
However, after months of working through concerns such as density, green space, road maintenance and driveway sizes, the scope of The Preserve project was narrowed to a little more than 600 homes. Then, after a contentious March 10 meeting in which Hatley and other city leaders continued to express concerns about the project, the developer cut 16 more homes from the total.
'We have been on his one item at least four months, at least, and it is time for us to make a decision one way or the other,' a frustrated Mayor Marilyn Hatley said Monday night. 'I'm for delaying it, but I'm not for delaying it the next council meeting. We have other business to do, and we need to take care of our other business.'
Josh Hughes, of Charleston-based Long Leaf Real Estate, said previously that developers have followed guidance from the city's planning commission and council and altered plans, including adding two-car garages to some cottages and clarifying public and private roads for maintenance purposes.
* * *
Adam Benson joined the News13 digital team in January 2024. He is a veteran South Carolina reporter with previous stops at the Greenwood Index-Journal, Post & Courier and The Sun News in Myrtle Beach. Adam is a Boston native and University of Utah graduate. Follow Adam on X, formerly Twitter, at @AdamNewshound12. See more of his work here.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
19 minutes ago
- Yahoo
Dutch crypto firm Amdax aims to launch Bitcoin treasury company on Euronext
(Reuters) -Amsterdam-based cryptocurrency service provider Amdax plans to launch a bitcoin treasury company called AMBTS (Amsterdam Bitcoin Treasury Strategy) on the Dutch stock exchange, Amdax said on Monday. WHY IT'S IMPORTANT: Amdax's plans highlight the growing appeal of bitcoin, which has hit record highs this month. KEY QUOTE: "With now over 10% of bitcoin supply held by corporations, governments and institutions, we think the time is right to establish a bitcoin treasury company with the aim to obtain a listing on Euronext Amsterdam, as one of the leading exchanges in Europe," said Amdax CEO Lucas Wensing. BY THE NUMBERS: Bitcoin has risen nearly 32% so far in 2025, reaching record highs, on the back of regulatory victories for the sector following President Donald Trump's return to the White House. Trump has called himself the "crypto president" and his family has made a series of forays into the sector over the past year. Amdax and AMBTS plan to raise capital from a number of private investors in an initial financing round, and the long-term ambition of AMBTS is to own at minimum 1% of all bitcoin over time. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Yahoo
19 minutes ago
- Yahoo
Tengku Zafrul: Malaysia controlling stream of rare earth in bid to keep value, keeping both US and China at bay
KUALA LUMPUR, Aug 18 — Malaysia is banning exports of unprocessed rare earths while at the same time attempting to court downstream investment to retain their value added at home, Investment, Trade and Industry Minister Datuk Seri Tengku Zafrul Aziz said. Speaking in an interview with US-based CNBC's 'Squawk Box Asia', Tengku Zafrul said Malaysia has discussed its rare-earth strategy with both Washington and Beijing during broader negotiations. 'Today, we engage both sides. And to be fair, both China and US have never said that you can't supply to the other, right? You can't not do business with the other,' he said. He also said that both countries have reminded Malaysia that it cannot have two different standards on rare earth exports. 'So we have to be consistent, to be neutral. You have to consider, we can't have policies which differentiates our relationship with one party to the other, to one country to another. 'So that's, I think, key. Once you do that, then it's very hard to defend that neutrality position,' he added. Tengku Zafrul pointed to the moratorium on rare earth elements exports, highlighting Australian miners Lynas as among firms operating under rules that permit exports after processing. 'So what we are doing now is we're saying that, look, we invite all companies to come to Malaysia and to be part of the supply chain to invest in the downstream activities of rare earth, and then we can then export the value-add of those right now,' he said. Tengku Zafrul argued the approach maximises economic spillovers and strengthens the case for keeping processing domestic. He also framed the policy as a way to anchor higher-value activity in Malaysia while staying open to all buyers under equal rules. Earlier this month, Tengku Zafrul announced that Malaysia will no longer allow the export of raw rare earth minerals, in a move to promote local downstream development. Tengku Zafrul said Malaysia remains open to foreign investment, but it must involve local processing, job creation, and technology transfer.
Yahoo
19 minutes ago
- Yahoo
Firefly Aerospace eyes Japan rocket launches for Asia market
By Kantaro Komiya TOKYO (Reuters) -Firefly Aerospace is exploring an option to launch its Alpha rocket from Japan as the U.S. rocket maker expands its satellite launch services globally, a Japanese company operating a spaceport in the country's northern Hokkaido said on Monday. The plan could make Japan the second offshore launch site - and first in Asia - for Firefly, the Texas-based rival to Elon Musk's market leader SpaceX, which had its Nasdaq debut earlier this month and is preparing for an Alpha launch in Sweden. Space Cotan, operator of the Hokkaido Spaceport located about 820 km (510 mi) northeast of Tokyo, said it and Firefly signed a preliminary agreement to study the feasibility of launching the small-lift rocket Alpha from there. Launching Alpha from Japan "would allow us to serve the larger satellite industry in Asia and add resiliency for U.S. allies with a proven orbital launch vehicle," Adam Oakes, Firefly's vice president of launch, said in a statement published on Space Cotan's website. A feasibility study would be conducted to assess the regulatory hurdles, timeframe and investments for a launch pad for Alpha in Hokkaido, said Space Cotan spokesperson Ryota Ito. The plan would require a space technology safeguards agreement (TSA) between Washington and Tokyo that would allow American rocket launches in Japan, Ito added. The governments last year kicked off the negotiations but have not reached an agreement. A U.S.-Sweden TSA signed in June cleared the path for Firefly's launches from the Arctic. Four of Firefly's six Alpha flights since 2021 have ended in failure, most recently in April. While Japan's national space agency has launched rockets for decades, private rockets are nascent and most Japanese satellite operators rely on foreign options such as SpaceX's Falcon 9 or Rocket Lab's Electron. Previously, U.S. company Virgin Orbit aimed to use Japan's southwest Oita Airport for launches but the plan was scrapped after the firm went bankrupt in 2023. Colorado-based Sierra Space has an ongoing plan to land its spaceplane on Oita beyond 2027. Taiwanese firm TiSpace last month conducted what could be the first foreign launch in Hokkaido, but the suborbital flight failed within a minute. Japan's government is targeting 30 launches of Japanese rockets a year by the early 2030s and subsidises domestic enterprises such as Space One and Toyota-backed Interstellar Technologies.
