CDP Development Part of $78.4M Sale of Two Premier Myrtle Beach Communities

Cushman & Wakefield announced today that the commercial real estate services firm has arranged the $78.4 million sale of two communities located in Myrtle Beach’s Little River submarket. This includes one of CDP’s developments, The Banks at Bridgewater, a 252-unit multifamily community, and Stepping Stone at Bridgewater, a 44-unit boutique Build-to-Rent (BTR) community.  The Banks at Bridgewater was developed by Craig Davis Properties in 2022 and is a Class A garden multifamily asset offering luxury finishes and a modern amenity package that includes a coffee bar, on-demand yoga, saltwater pool, walking trails, and units featuring built-in workspaces. Stepping Stone at Bridgewater, a Wakefield Residential BTR community built in 2020, is located directly adjacent to The Banks at Bridgewater and consists of all spacious two bedroom/two bath duplexes with attached garages in a neighborhood cul-de-sac style setting.

Both communities are strategically located in Myrtle Beach, one of the nation’s fastest growing cities, with 22% population growth since 2015. By being situated just off Highway 17 and Highway 9 within the larger Bridgewater residential masterplan, they each offer easy beach access along with direct proximity to top retail, entertainment, healthcare, and Myrtle Beach’s top employers.


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