843-936-6680
Cobb Dill & Hammett, LLC Fighting
for Your Rights in Arcadia, SC
When an accident comes without warning, even the most prepared person can fall victim. One moment, you're walking to a restaurant after a long day of work. The next moment, someone else's negligence and carelessness change your life forever. Personal injury victims aren't just the victims of negligence they suffer from pain, concern over family and ability to work. Often, these victims do not have the luxury of worrying about work and family, because they're clinging to life in an ER. Without a personal injury attorney in Arcadia, SC, by their side, they mistakenly provide official statements to insurance agencies and accept settlement offers that only account for a fraction of what they have lost.
If you have recently been hurt in an accident, you may be asking questions like:
- "What happens now?"
- "How will I pay for my hospital bills?"
- "Will I get fired from my job?"
- "Will I be able to function independently ever again?"
With more than 100,000 car accidents in South Carolina every year, we hear these questions every day. Our hearts hurt for those who are suffering due to no fault of their own. Accident victims are not only left with questions like those above; they're also forced to deal with costs associated with medical bills, car repair, follow-up appointments, and loss of income.
While reading these facts can be bleak, there is a silver lining. South Carolina law dictates that those who are found responsible for your pain and suffering may be obligated to pay for your expenses. Cobb Dill & Hammett, LLC exists for that exact reason to make sure that negligent parties are held accountable. We fight on your behalf to make sure you get the compensation you deserve. We aren't afraid to go toe-to-toe with greedy insurance agencies who do not have your best interests at heart.
Our overarching goal is to protect your rights, and our law firm is uniquely positioned to do so, with attorney Michael Dill‘s vast experience in the auto insurance industry.
Service Areas
We offer comprehensive vehicle representation for a number of different automobile accidents, including:
- Distracted Driving
- Drunk Driving
- Rollovers
- Multi-Vehicle Accidents
- Automobile Defects
- Roadway Defects
- Speeding
- Reckless Driving
- Uninsured Motorists or
Underinsured Drivers - Rear-End Collisions
- Car Rental Accidents
- RV Accidents
If you know you have been involved in one of the car accidents above, the time to seek experienced representation is now. Generally, car accident victims have three years from the date of their injuries to file a personal injury claim in Arcadia. That time frame can be reduced in certain circumstances. When a wrongful death is involved, surviving family members must take action in a similar time frame.
The bottom line is that speed is of the essence in these cases. When we sit down with you to learn more about your accident, we will help you understand South Carolina law so that you are fully informed before taking legal action. The sooner we can dig into the details of your case, the sooner we can fight for your rights.
We Recover Compensation
When You Need It Most
The law states that personal injury victims are entitled to compensation for the full extent of their injuries. Why? Because the primary goal of injury compensation in Arcadia, SC, is to help the victim return to the state they would have been in, if the accident never occurred. In the literal sense, doing so isn't possible. The law cannot reverse the incredible suffering and pain that accompanies a severe injury. As such, personal injury victims are entitled to receive a financial reward that equals those damages.
How much compensation you get depends on the facts and nuances of your case. With that said, you may be able to recover compensation for the following needs:
- Rehab-Related Expenses like
Physical Therapy - All Medical Expenses
- Pain and Suffering
- Long-Term Disability
- Lost Wages and Loss of
Future Income Earning Ability - Disfigurement
- Emotional Distress
- Mental Anguish
If you or someone you love was recently injured in a car wreck, contact our office today to speak with a personal injury lawyer in Arcadia, SC. The sooner you call, the sooner we can begin fighting for your rights and the compensation you need.
Personal Injury for JD Phillips
Corporate and Banking for Lindsey Walker
Family Law for Eddie Phelps
Real Estate Law for Sara Clark
Estate Planning for Nick Renaccio
Divorce Attorney for Alecia wiggins
Personal Injury Attorney for Amber Franks
Criminal Defense Attorney for Jaylene Neville
Attorney for Morgan Waldrop
Car Accident for Glen Hawkins
Personal Injury for Chelsea Berendes
Corporate and Banking for Amanda Johnson
Family Law for Adin Brown
Real Estate Law for Stacy Black Sipple
Estate Planning for Tamra Cole
The Role of Negligence in Your
Arcadia Personal Injury Case
If there were one common truth that we can count on, it's that life is unpredictable. Sometimes, accidents just happen. However, when recklessness and negligence come into play in situations where accidents cause personal injuries, the negligent party can be held responsible under South Carolina law. For victims to have a chance at compensation, the party responsible for the accident must be proven to be negligent. When a party or parties are negligent, they fail to take appropriate care when performing an action, like driving an automobile.
At Cobb Dill & Hammett, LLC, our team works to prove negligence
for our clients by proving:
- The defendant had an obligation to look out for your safety.
- The defendant did not uphold that duty.
- There was causation between the defendant's breach of duty and the injuries you sustained.
- You suffered real damages.
After an accident occurs, it is critical to take certain steps to help prove the responsible party's negligence and maximize the compensation you rightly deserve.
Steps to Maximize Compensation
After an Accident in Arcadia, SC
All too often, car wreck victims don't get the compensation they need because they failed to take the proper steps after their accident. Don't let this be you. By having comprehensive records of your car accident and its aftermath, you have a much better chance of protecting your rights and maximizing compensation for your bills and injuries. If you have been injured in an automobile accident in Arcadia, follow these steps before doing anything else:
Go to a Doctor
First and foremost, seek medical attention for any injuries that you have sustained. You might not realize it now, but your injuries may be more complex and serious than you think. Damage like head trauma and back injuries are not easy to diagnose on your own and sometimes take time to surface. A full medical examination will help reveal the extent of your injuries, lead to a quicker recovery, and help document the injuries you sustained. This last part is essential to prove the significance of your injuries.
File an
Accident Report
The second step you should take is to report your injuries to the correct authorities. The authorities change depending on the circumstances of your accident. If you were involved in a car wreck in Arcadia, you should file your report with the highway authorities and any associated insurance agencies. Regardless of where you were injured and how the wreck occurred, the biggest takeaway here is to file a report. That way, you have an established, official record of the incident that can be referred to down the line.
Preserve Evidence
if Possible
Personal injury cases in Arcadia are won with evidence. It might sound like the job of the police, but it's important that you try to secure any evidence that you can collect relating to your accident, especially if you are injured. Evidence in auto accident cases tends to disappear quickly. By preserving evidence soon after the accident, it can be used in court. For example, if you cannot get a witness statement immediately after your wreck, their testimony may come across as less reliable. Completing this task on your own can be quite difficult, especially after a serious accident. That's why it's so crucial to complete the last step below.
Contact a Lawyer
One of the most intelligent, important steps you can take after a car accident is calling a personal injury attorney in Arcadia, SC. At Cobb Dill & Hammett, LLC, we will assist you with every step of your personal injury case to ensure that your rights are protected. That includes gathering all types of evidence relevant to your case. When we investigate your accident, we will determine the person who is liable for your losses. If there are multiple liable parties, we will hold each one accountable for their negligence.
Every personal injury case is different, which is why experience counts when it comes to car accident compensation. Our track record speaks for itself, but no number of past results will guarantee a perfect outcome. What we can guarantee, however, is our undivided attention and fierce dedication to your case, no matter the circumstances. Unlike other personal injury law firms in Arcadia, you can have peace of mind knowing your best interests always come first at Cobb Dill & Hammett, LLC.
Common Car Accidents in
Arcadia, SC
At Cobb Dill & Hammett, LLC, we have years of experience handling some of Arcadia's most complicated car accident cases. Some of the most common cases that come across our desks include:
Drunk Driving Accidents
Drunk driving is a major problem in the Lowcountry. Drunk drivers are incredibly irresponsible and regularly cause fatal accidents because they drive physically and mentally impaired by alcohol. Drunk drivers have slower reaction times, delayed reflexes, and impaired vision, making them unfit to operate a motor vehicle. In auto wrecks, drunk drivers often come away with minor injuries compared to their victims, which is a bitter pill to swallow
Individuals who make a choice to drive drunk cause accidents by weaving in and out of traffic, going over the speed limit, failing to see pedestrians, and ignoring traffic laws. They may run cars off the road, rear-end vehicles, hit them head-on, or even cause a vehicle to roll over.
Drunk driving accidents in Arcadia care result in horrible injuries, such as:
- Burns
- Broken Bones
- Head Injuries
- Brain Trauma
- Spinal Cord Injuries
- Soft Tissue Injuries
- Mental Anguish
If you are injured or have lost a family member due to an impaired or drunk driver, our team of personal injury lawyers in Arcadia can help. We have extensive experience with car accident cases and can explain your rights in simple, plain terms. It is important to know that you can file a personal injury suit regardless of the criminal case outcome against the drunk driver.
Rental and RV Accidents
When accidents happen in RVs or rental cars, people are often unsure of their rights. This confusion is understandable since there are additional insurance and legal issues that must be accounted for in these cases.
Fortunately, the lawyers at Cobb Dill & Hammett, LLC, have the experience to help you with complex car accident and RV cases. Attorney Michael Dill worked in the auto insurance industry before becoming an attorney. He also has an undergraduate degree that includes a focus on risk management and insurance. When it comes to rental and RV accidents, we review each client's case with a fine-tooth comb. Once we understand your accident, our team will explain your rights and options in easy-to-understand terms.
If you were involved in an accident while driving an RV or a rental vehicle, you may find that your auto insurance company, the rental car's insurance company, and the other party's insurance carrier will try to deny your claim. Situations like these call for a bold, experienced personal injury attorney in Arcadia, SC, who isn't afraid of large corporations and insurance groups. We have extensive experience with insurance companies and know how to interpret policies. As your advocate, we will ensure that you receive the coverage and compensation you are entitled to, even if an insurance company says you aren't.
We can help you seek compensation in cases that involve:
- Injuries from Boating Ac
cidents - Rental Cars Injuries
- RV Accidents
- Jet Ski Injuries
- Golf Cart Injuries
- Rental cars
- Boat accidents
- ATV Accidents
Victims of RV and rental car accidents (as well as their families) may be entitled to compensation for pain and suffering, medical expenses, and lost income or benefits. Our personal injury lawyers work with life-care planners, medical experts, and economists to determine the amount of compensation you will need.
Texting While Driving and
Distracted Driving Accidents
We live in a time where just about everyone has their eyes glued to their phones. Often, this happens in situations where the person needs to be paying attention, like when they're driving an automobile. Taking a few moments to glance down at your phone can cause irreparable damage to other drivers. That is why texting while driving is illegal in Arcadia. Typically, this crime is met with a minor traffic violation. However, when a distracted driver injures another motorist, you can seek compensation through a legal suit. If you have been injured in such a situation, our team can help you hold the negligent driver accountable for your losses and damages.
Texting takes drivers' minds and eyes off the road and their hands off the wheel. Because they are not paying attention to their driving,
They miss crucial road signs and information such as:
- Changes in the Flow
of Traffic - Traffic Lights
- Traffic Signs
- Work Zones
- Bicyclists
- Lane Changes
- Incapacitate Cars and
Motorists
At Cobb Dill & Hammett, LLC, we represent injury victims in Arcadia who are involved in all types of car accidents, including distracted driving. We work with vigor to recover the full amount of compensation you and your family will need to recover. You can rely on our attorneys for dedicated, representation throughout your case. Unlike some distracted driving lawyers in Arcadia, we will assist you with all aspects of your accident, including access to good medical care if needed.
Unflinching Legal Advocacy. Compassionate Care
At Cobb Dill & Hammett, LLC, we are proud of our commitment to our clients. We pledge to provide them with the highest quality legal representation in Arcadia and treat them with respect, empathy, and compassion. If you are suffering from the results of a dangerous car accident, know we are here to assist.
We will help you seek compensation for your medical bills, lost wages, pain and suffering, and additional losses. Surviving family members may also recover funeral expenses and compensation for the personal loss of a loved one, including the deceased's future income and benefits. When you or your family's health and financial security are on the line, trust the best choose Cobb Dill & Hammett, LLC.
CONTACT USLatest News in Arcadia, SC
Cold storage company announces investment, new jobs for Dorchester County
Patrick Phillipshttps://www.live5news.com/2022/10/20/cold-storage-company-announces-investment-new-jobs-dorchester-county/
RIDGEVILLE, S.C. (WCSC) - A cold storage solutions company plans to invest more than $70 million to establish operations in Dorchester County, the governor’s office announced Thursday.Arcadia Cold Storage & Logistics is a third-party cold chain services provider that focuses on handling, storage, distribution and value-added services for the food industry. The company works to bridge supply gaps within the cold chain industry through modern cold storage warehouse development and services.“We are extremely excite...
RIDGEVILLE, S.C. (WCSC) - A cold storage solutions company plans to invest more than $70 million to establish operations in Dorchester County, the governor’s office announced Thursday.
Arcadia Cold Storage & Logistics is a third-party cold chain services provider that focuses on handling, storage, distribution and value-added services for the food industry. The company works to bridge supply gaps within the cold chain industry through modern cold storage warehouse development and services.
“We are extremely excited about this project and want to express our sincere thanks to the South Carolina Ports Authority, Dorchester County, our Saxum Real Estate partners, the Governor and the Department of Commerce in the great state of South Carolina for their support,” Arcadia CEO Chris Hughes said. “We are very bullish on the Charleston market — the advantages of the Port of Charleston as a Southeast gateway out of and into the U.S. — and on our ability to provide the specialized and unique handling and storage services that will be required for retailers, frozen and refrigerated food manufacturers, and fruit and produce importers to grow their market share in the region. Most importantly, we are proud to bring new jobs to Dorchester County and the surrounding communities.”
The new operation, which will be located at the Ridgeville Industrial Campus, will support high-volume throughput handling services including a variety of value-added services, full pallet handling, case picking and transportation management. The company will utilize the Port of Charleston to support both import and export trade.
“The demand for efficient food distribution across the United States will only continue to grow, and it’s innovative companies like Arcadia Cold Storage & Logistics that are answering the call and addressing supply gaps,” Gov. Henry McMaster said. “We are proud to welcome this company to Dorchester County, and look forward to the positive impact they will make in South Carolina and on the U.S. food supply chain.”
The company expects the investment will create 69 new jobs.
“We are excited to welcome Arcadia Cold Storage & Logistics to Dorchester County and celebrate the 69 new jobs that the company will create,” Secretary of Commerce Harry Lightsey said. “South Carolina’s talented workforce, ideal East Coast location and efficient infrastructure network make our state the perfect location for Arcadia Cold Storage & Logistics’ new operations.”
The facility is expected to be operational by early 2024. Those interested in joining the Arcadia Cold Storage & Logistics team should visit the company’s careers page.
Copyright 2022 WCSC. All rights reserved.
Arcadia Animal Rescue Receives Much-Needed Support from Local Manufacturer Stueken LLC
By GetNewshttps://www.digitaljournal.com/pr/arcadia-animal-rescue-receives-much-needed-support-from-local-manufacturer-stueken-llc
[Employees from Stueken LLC donate much-needed supplies to Arcadia Animal Rescue]Greenville, SC – Arcadia Animal Rescue was recently selected as the beneficiary of charitable giving by the employees of global precision metal parts manufacturer, Stueken LLC.A family business founded in 1931 by Hubert Stüken, social responsibility has always been at the core of the company’s values. “Every year at the holidays, we ask our employees to partner with us to support a local charity,&rdq...
[Employees from Stueken LLC donate much-needed supplies to Arcadia Animal Rescue]
Greenville, SC – Arcadia Animal Rescue was recently selected as the beneficiary of charitable giving by the employees of global precision metal parts manufacturer, Stueken LLC.
A family business founded in 1931 by Hubert Stüken, social responsibility has always been at the core of the company’s values. “Every year at the holidays, we ask our employees to partner with us to support a local charity,” says Lorri Mercer, Human Resources Business Partner. “This year, we chose to support a group impacting the lives of animals in need in the surrounding community.”
In post-pandemic United States and abroad, animal shelters are experiencing an historical high volume of intake according to Aly Balan, volunteer and spokesperson for South Carolina-based Arcadia Animal Rescue. “So many people have been forced to give up their pets due to being displaced from their homes and the shelter systems are literally busting at the seams,” says Balan. “Without rescues like ours stepping up to the plate, animals are being euthanized solely for lack of space.”
In 2022 alone, Arcadia Animal Rescue was able to save the lives of well over 150 dogs and cats from high-volume shelters and in the community at large in South Carolina and beyond. “When the folks from Stueken LLC contacted us and said we had been selected for their yearly employee giving, we were beyond ecstatic because we had just taken in a large hoarding case of emaciated and sickly animals,” Balan says. “Since we rely solely on donations, we were in desperate need of supplies.”
At the end of December, to coincide with the holiday giving season, the employees at Stueken LLC collected all kinds of pet supplies, including food, blankets, toys, cleaning products, and other much-needed materials and presented them to the rescue’s volunteers. On the day of pick up, employees were able to meet some of the dogs currently in foster care whose lives were impacted by their generosity.
“It really was such a huge relief to know that we could start the new year off fully stocked and prepared to provide everything the animals in our care needed,” Balan added. “We are so grateful for the support of the folks at Stueken; we can’t do what we do without the partnership of our local community.”
People are encouraged to visit their local shelters and adopt. Or, anyone able to foster, adopt, volunteer, or sponsor/donate to help more animals in need, please contact the rescue at save@arcadiarescue.org.
About:
Arcadia Animal Rescue is a foster-based rescue comprised of volunteers who are dedicated to saving the lives of animals that are at-risk either in shelters or in our communities, and placing them into safe and loving foster or adoptive homes. As a 501c3 organization that receives no federal funding, we rely on the generosity of donors in order to provide life-saving veterinary care, spay and neuter, behavioral assessments and modification, emergency boarding, and transport to foster/adoptive homes. For more information, or to help by fostering, adopting, volunteering, or donating, please visit arcadiarescue.org or email save@arcadiarescue.org.
Founded more than 90 years ago in Wuppertal, Germany, Stueken LLC is the worldwide leading solution partner for precision metal parts. For more information, visit https://stueken.com.
Media Contact Company Name: Arcadia Animal Rescue Contact Person: Rey Alexandre Email: Send Email City: Columbia State: South Carolina Country: United States Website: https://www.arcadiarescue.org/
This Midlands town just banned plastic bags
Sarah Ellishttps://www.thestate.com/news/local/article225914420.html
For the first time, a Midlands community is banning single-use plastic bags, such as the kind often used by grocery stores, joining a widespread environmental movement aimed at reducing litter in waterways...
For the first time, a Midlands community is banning single-use plastic bags, such as the kind often used by grocery stores, joining a widespread environmental movement aimed at reducing litter in waterways, beaches, forests and roads.
The Arcadia Lakes Town Council voted unanimously Thursday night to ban most single-use plastic bags by retailers, along with Styrofoam cups and Styrofoam coolers that are not encased in a hard material.
“We recognize that single-use plastic bags are bad for the environment,” Mayor Mark Huguley said Thursday afternoon, a few hours before the council’s vote. “I’m always picking them up from my yard. They’re ubiquitous. They’re in yards and streets and waterways. They don’t disintegrate easily.”
Arcadia Lakes, a small town of about 1,000 residents in central Richland County near Columbia, is the first community in inland South Carolina to ban plastic bags, according to the state’s Coastal Conservation League. It follows the bag-ban example of a dozen mostly larger cities and counties along the state’s tourist-heavy coastline.
“I think we are trying to do the right thing here, and we just all believe that sometimes a small place can make a big difference,” Huguley said.
In recent months, cities including Mount Pleasant, Isle of Palms, Surfside Beach, Folly Beach and Hilton Head Island have outlawed stores’ and restaurants’ use of plastic bags. Charleston, the state’s largest city, voted last November to ban not just plastic bags, but also plastic straws and foam containers, The Post and Courier reported.
Richland County is considering a plastic bag ban of its own.
Environmental advocates say plastic bags are among the biggest components of litter and can harm wildlife and water quality. But others say that regulating plastic bags and other food containers could lead to higher costs for local businesses, which could trickle down to consumers.
As a mostly residential community, Arcadia Lakes has only a few businesses that will be affected by the bag ban, which applies only to retailers. Businesses will have until March 2020 to transition to the bag ban. And there are a number of exceptions written into the law, Huguley said, such as allowing plastic garment bags used by dry cleaners.
When he initially shared the proposal with local retailers, Huguley said it was met with some concerns.
“Yes, there are some that are not happy with it, but none have followed up with me,” the mayor said. “I think as they read the ordinance, my suspicion is they feel like maybe they want to give it a try.”
Some state lawmakers, under pressure from plastic-bag industry lobbyists, tried unsuccessfully to stop local governments from outlawing plastic bags for the past two years. The ban on bag bans died in the S.C. Senate last year thanks, in part, to the efforts of local government advocates and environmentalists.
This story was originally published February 7, 2019, 2:43 PM.
Hurricane Ian Relief: U-Haul Offers 30 Days Free Storage in South Carolina, Georgia
PR Newswirehttps://finance.yahoo.com/news/hurricane-ian-relief-u-haul-174000456.html
CHARLESTON, S.C., Sept. 30, 2022 /PRNewswire/ -- U-Haul® is offering 30 days of free self-storage at 22 facilities across South Carolina and Georgia where storm surge, flooding and strong winds from Hurricane Ian are expected to leave residents in need of recovery assistance."Ian has already brought devastation to our neighbors in Florida," said Tinessa Edwards, U-Haul Company of Coastal South Carolina president. "The threat of flooding in South Carolina is high as Ian makes landfall here. Storms of this magnitude c...
CHARLESTON, S.C., Sept. 30, 2022 /PRNewswire/ -- U-Haul® is offering 30 days of free self-storage at 22 facilities across South Carolina and Georgia where storm surge, flooding and strong winds from Hurricane Ian are expected to leave residents in need of recovery assistance.
"Ian has already brought devastation to our neighbors in Florida," said Tinessa Edwards, U-Haul Company of Coastal South Carolina president. "The threat of flooding in South Carolina is high as Ian makes landfall here. Storms of this magnitude create an immediate need for dry and secure self-storage.
"Our U-Haul family is willing and able to help by making our disaster relief program available to anyone in need."
U-Haul has also made 43 self-storage facilities across Florida available to offer free assistance.
The free month of self-storage services is available to customers renting new units and is subject to vacancy at each U-Haul facility. People seeking more information about the U-Haul disaster relief program or needing to arrange 30 days of free self-storage should contact the participating facility nearest them (listed alphabetically by city):
SOUTH CAROLINA
U-Haul at Knox Abbott 901 Knox Abbott Drive Cayce, SC 29033 (803) 791-5992
U-Haul Moving & Storage of Wambaw Creek 2076 Wambaw Creek Road Charleston, SC 29492 (843) 884-4688
U-Haul Moving & Storage of Arcadia Lakes 125 Decker Park Road Columbia, SC 29206 (803) 699-9397
U-Haul Moving & Storage at Beltline 2826 Two Notch Road Columbia, SC 29204 (803) 807-2534
U-Haul Moving & Storage at Broad River Road 1003 Zimalcrest Drive Columbia, SC 29210 (803) 731-0067
U-Haul Moving & Storage of Dentsville 7325 Two Notch Road Columbia, SC 29223 (803) 636-2652
U-Haul Moving & Storage at Elmwood 1037 Elmwood Ave. Columbia, SC 29201 (803) 256-2499
U-Haul Moving & Storage of Fort Jackson 5604 Forest Drive Columbia, SC 29206 (803) 787-5154
U-Haul Moving & Storage at I-26 3754 Fernandina Road Columbia, SC 29210 (803) 798-4414
U-Haul Moving & Storage at Sandhill 1117 Sparkleberry Lane Extension Columbia, SC 29223 (803) 766-7417
U-Haul Moving & Storage of Spring Valley 8400 Two Notch Road Columbia, SC 29223 (803) 736-8582
U-Haul Moving & Storage at Two Notch Road 2339 Two Notch Road Columbia, SC 29204 (803) 256-7397
U-Haul Moving & Storage of West Florence 2020 W. Evans St. Florence, SC 29501 (843) 662-4935
254 Bypass 72 NW 29649 (864) 538-4472
1500 Charleston Hwy. 29169 (803) 926-5252
400 Orchard Drive 29170 (803) 796-3724
3455 Wrightsboro Road 30909 (706) 733-3252
3515 Wrightsboro Road 30909 (706) 447-5225
1589 Broad St. 30904 (706) 722-4396
1647 Gordon Hwy. 30906 (706) 434-8798
3363 Wrightsboro Road 30909 (706) 738-6463
3488 Ogeechee Road 31405 (912) 233-9912
Andrea Batchelor Jeff Lockridge E-mail: Phone: 602-263-6981 Website:
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Investor Duo Unveil Plans for Myrtle Beach SFR Community
Gail Kalinoskihttps://www.multihousingnews.com/investor-duo-unveil-plans-for-myrtle-beach-sfr-community/
Private equity firm ACRE and investment manager ARK Residential have begun preleasing at The Springs at Arcadia, a 150-unit single-family-for-rent community being developed in Myrtle Beach, S.C.Construction is underway, with the two companies slated to acquire the homes in the master-planned Arcadia community directly from the builder, Atlanta-based Pulte Group. Approximately 30 homes are expected to be delivered each quarter with an estimated completion date in the first quarter of 2...
Private equity firm ACRE and investment manager ARK Residential have begun preleasing at The Springs at Arcadia, a 150-unit single-family-for-rent community being developed in Myrtle Beach, S.C.
Construction is underway, with the two companies slated to acquire the homes in the master-planned Arcadia community directly from the builder, Atlanta-based Pulte Group. Approximately 30 homes are expected to be delivered each quarter with an estimated completion date in the first quarter of 2024. The SFR homes will be the exclusive rental community within the larger master-planned development. The Springs at Arcadia will be managed by Elmington Property Management.
A Cushman & Wakefield equity, debt and structured finance team, comprising John Alascio, Chuck Kohaut, TJ Sullivan, John Spreitzer and Aaron Graves, arranged $37 million of acquisition financing for the project.
The Springs at Arcadia will have three- and four-bedroom detached homes with various floorplans ranging in size from about 1,500 to 2,300 square feet. The one- and two-story homes will have energy-efficient appliances and fixtures, as well as fully sodded and professionally landscaped front, rear and side lawns and two-car garages. Amenities will include access to the master-planned community’s recreational center, including a clubhouse, pickleball courts and a resort-style pool.
Bret Hewett, vice president of acquisitions for ACRE, said in a prepared statement the firm is excited to plant a flag in Myrtle Beach, a growing market that is seeing strong demand for SFR product. The Springs at Arcadia is part of a larger roll out of SFR communities under ARK’s The Springs brand. Other communities are slated to open throughout the Carolinas, Georgia and Texas. The Springs brand communities will be tenant-focused properties that offer full-service rental housing with a wide array of amenities, including health and wellness offerings.
ARK Residential was formed by Midtown Equities LLC, a privately-held real estate investment and development company that serves as the investment platform for the Cayre family. The firm has a national and international portfolio of more than 14 million square feet in the residential, retail, office, industrial and hospitality sectors. ARK Residential was formed to pursue SFR communities, multifamily, mixed-use assets and land development opportunities in key markets throughout the United States.
S.C. Project Details
David Beare, a co-founder and partner of ARK Residential, said in prepared remarks the property will offer a rare opportunity for those seeking rental options in Myrtle Beach. He noted the property is surrounded by tall pine trees and feels private and secluded, but is close to large employers, supermarkets and retail centers.
Myrtle Beach is a key part of South Carolina’s $24 billion tourism industry and home to Myrtle Waves, one of the largest waterparks on the Eastern seaboard, the Carolina Opry, the Myrtle Beach Boardwalk, Myrtle Beach State Park, Hard Rock Park and more than 90 golf courses. Notable employers in the region include GE Aviation, Lockheed Martin, Honeywell, Boeing, Conway Medical Center, Grand Strand Regional Medical Center and Tidelands Health.
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