Saturday, January 13, 2018

Burroughs & Chapin Selects Lifescapes International to Re-envision the Redevelopment of Two South Carolina Entertainment Destinations

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Barefoot Landing, Myrtle Beach, SC

NEWPORT BEACH, CA Lifescapes International, the internationally recognized landscape architectural firm responsible for entertainment-driven landscape designs including The Grove in Los Angeles, CA; Pacific City in Huntington Beach, CA; Station Park in Farmington, Utah; and Robinsons Galleria in the Philippines, has been selected to design the landscape environment for the redevelopment of two entertainment centers in Myrtle Beach, South Carolina.

Burroughs & Chapin, a South Carolina-based real estate investment trust, is redeveloping Barefoot Landing, a popular retail and entertainment complex located along the Intracoastal Waterway, and Broadway at the Beach, South Carolina’s number one tourist destination.


Barefoot Landing is located at 4898 Highway 17 in North Myrtle Beach, South Carolina.  Broadway at the Beach is located at 1325 Celebrity Circle in Myrtle Beach, South Carolina.

The landscape design team for both projects includes Al Amador, Landscape Architect, Roger Voettiner, Vice President of Design; Mike Meyers, Sr. Project Director; Fernando Ortiz, Project Manager; and Berj Behesnilian, Field Art Director.

“As our multi-year redevelopment plans began to take shape at both Broadway at the Beach and Barefoot Landing, it was important that our vision incorporate an innovative, creative and attractive landscape design that will not only complement the hardscape, but also serve as an integral part of the overall guest experience,” says Chad E. Carlson, executive vice president for Burroughs & Chapin.  


Barefoot Landing,  Myrtle Beach, SC




“Through our travels to other destinations, along with extensive research on landscape architect firms, Lifescapes International continued to stand out above the rest. The firm’s expansive portfolio, which features many experiential centers similar to ours across the country, coupled with their knowledge, expertise and understanding of our plans for the future made Lifescapes the ideal firm to partner with as we continue our redevelopment.”


Roger Voettiner, Vice President of Design at Lifescapes International, states, “Barefoot Landing and Broadway at the Beach are already popular destinations, yet as consumers anticipate new experiences and their expectations continue to evolve, owners have to push the creative envelope to offer one-of-a-kind customer experiences. Lifescapes International knows just how to do that.”


At Barefoot Landing, Lifescapes will design the landscape environment for the entire redevelopment, which includes 45,000 square feet of new retail space, a new restaurant district known as Dockside Village, the addition of an amphitheater, and a new boardwalk on the South end of the property. 

It also includes adding more shaded patio space throughout the destination-oriented center, as well as playful updates to the kid’s zones and floating retail on the north end of the property.


Al Amador
“Our design concept combines a family-friendly atmosphere with entertainment-driven features that preserve the historic charm of coastal Carolina,” says Landscape Architect on the project, Al Amador. “Our strategy is to incorporate a variety of mini destinations throughout the property, enriching the customer experience, as well as providing endless opportunities for guests to gather, socialize and play.”

To achieve this, Lifescapes plans to incorporate a substantial water entertainment feature and show, as well as increasing patio space adjacent to the shops and restaurants along the waterfront. The firm will also integrate blue stone and brick pavers throughout the center to mimic the look of Charleston and enhance the property’s Southern charm and appeal.


“The water entertainment feature will serve as a major focal point for guests. It is an encounter that can be enjoyed time and time again, with alternating themes, thereby adding excitement and variety to the immersive experience the owner wishes to achieve on the property,” says Amador. “The additional patios and increased seating will also provide more opportunities for guests enjoy the water show at their leisure, ultimately encouraging longer lengths of stay.”


Roger Voettiner
 Lifescapes International will also design breakouts on the floating bridge, “allowing guests even more areas to gather socially and take in views along the water’s edge for the magical water extravaganza show,” says Amador. 

“We’re also adding a programmable lawn area that will feature a variety of experiences for all ages to enjoy. It will serve as added entertainment for guests by hosting concerts, an ice skating rink during the holiday season, and other activities that encourage repeat visits and offer an additional revenue stream.”

In addition to these entertainment-driven features, Lifescapes will integrate lush greenery, sizeable mature trees and raised pier planters throughout the center, providing visitors with cool, shady areas of repose and visually pleasing landscape scenes.

“Summers in South Carolina are very warm,” explains Amador. “Our goal is to create a comfortable, yet immersive, experience for guests, while ensuring them a pleasant, temperate atmosphere. By strategically placing these shaded experiential garden environments, we can provide some well-desired refuge for guests to escape the incumbent weather resulting in them wanting to stay and play longer at the property.”

Lifescapes International will also design the landscape for the entire redevelopment of Broadway at the Beach, including The Avenue, the property’s entertainment and nightlife section. 


Mike Meyers, Project Director
The Avenue recently underwent a major transformation, including facade upgrades, the relocation of Hard Rock Cafe and opening of Dave & Buster’s, and a new architectural style built around the concept of a repurposed warehouse district.

“Similar to Barefoot Landing, our vision for Broadway at the Beach is to enhance the customer experience by creating a comfortable and friendly environment where guests can enjoy time with friends and family,” says Amador.

Lifescapes plans to incorporate recycled brick from New Orleans to give the property a nostalgic feel, as well as update the water entertainment feature to allow for varied performances.

“This will further add to the vibrancy of Broadway at the Beach and aid in delivering the ultimate consumer experience,” he says. “Overall, the landscape design at both of these projects will further elevate these centers to the destinations of choice for guests.”

For more information on this project, please contact:

 Miki Akil or Lexi Astfalk
Brower, Miller & Cole

(949) 955-7940

 www.burroughschapin.com.

IEC Acquires Value-Add $134 Million Multifamily Asset in Huntington Beach, CA


Surf 39 Multifamily Property, Huntington Beach, CA

Huntington Beach, CA ) – Institutional fund manager Interstate Equities Corporation (IEC)has acquired a 400-unit value-add multifamily asset in Huntington Beach, California, “Surf at 39,” for $134 million.

Marshall Boyd
This acquisition was on behalf of the firm’s IEC Institutional Fund III, L.P., a fully discretionary, $200 million commingled fund targeting value-add multifamily investments throughout coastal California.

“Our investors’ have given us the power of discretionary capital, so when opportunistic value-add properties present themselves we are in a position to move with conviction,” says Marshall Boyd, Co-President and Chief Investment Officer of IEC.

“Whether we are acquiring a vacant 24-unit property in Highland Park all cash, as we did recently, or this structurally complex, larger-size acquisition in Huntington Beach, our business model remains unchanged.  We specialize in strategically acquiring un-renovated or partially renovated assets in coastal infill markets.”

“Surf at 39 will remain a workforce housing community,” Boyd adds.  “We are not moving the renovation spec to a Class A standard.  Currently, approximately 80 percent of the units are in their original condition. 
’The units are functional, but we will upgrade them in order to meet tenant needs, while retaining the property’s position as the best value for the dollar in its class.”

Sean P. Deasy
Surf at 39, which was originally constructed in 1972, consists of varying floorplans within a spacious environment offering strong amenities, including two swimming pools with spas, a fully equipped business center, a fitness facility, clubhouse, dog park and barbecue area.

“Based on market demand, we will benefit from rising rental rates over time, while continuing to serve the sector of the rental community that is seeking a good lifestyle at a non-luxury price,” Boyd notes.

Sean P. Deasy and Ryan Fitzpatrick, both of HFF, represented both the seller, and IEC as the buyer.  In addition, HFF’s Charles Halladay and Peter Smyslowski arranged acquisition financing.

Goodwin Proctor provided legal counsel and Eisner Amper an audit opinion.
Ryan Fitzpatrick
Surf at 39 is located at 16761 Viewpoint Lane in Huntington Beach, 1.2 miles from the 405 Freeway, and 10 miles from John Wayne Airport.  The 400-unit asset consists of two- and three-bedroom apartments and townhomes.

Founded in 1981, Interstate Equities Corporation (IEC) is an institutional fund manager that invests in and transforms California apartment communities on behalf of endowments, foundations, family offices and pension funds.

 IEC has navigated multiple investment cycles, investing in more than 100 apartment communities over the past 35 years with this investment thesis.

Utilizing repositioning strategies via its integrated property management platform, IEC secures and generates value for its long-term partners. The firm credits strong relationships and an academic, data-driven approach to investment and property management as the core of the consistent results it delivers to investors.

More information is available at www.interstateequities.com.

For more information on this release, please contact:

Jordan Kruk/ Lexi Astfalk
Brower, Miller & Cole
(949) 955-7940