Inlet Square Mall

Inlet Square Mall was a single-level, 434,482-square-foot (40,364.7 m2) regional shopping center located in Garden City, South Carolina, United States.

On October 13, 2013, the owners of Inlet Square Mall, Murrells Retail Associates, a fictitious name under the parent company RAIT Financial Trust, sued Frank Theaters for failing to make lease payments on time on several occasions.

The theater chain owed the mall $201,363 in unpaid rent and is asking a judge to accelerate nearly $24 million worth of payments which is due under a 20-year lease agreement that was signed in 2011.

Although managed by Urban Retail, RAIT Financial Trust was always the actual owner until they stopped paying rent to their landlord, West C Street Holdings, LLC as of June 2018 for 4 months until evicted.

[11][12] The approval of the motion by the Horry County Administration Committee to redevelop Inlet Square Mall on November 28, 2023, reflects a desire to boost the local economy and draw more visitors to the area.

The property will also include a multi-family parcel of land of about 13.5 acres and will potentially feature eight three-story buildings that will consist of 24 units with a pool, clubhouse, and dog park.

Officials aim to create a joint business park between Horry and Georgetown Counties, a project that would include upgrading Highway 17 bypass, evaluating local storm water infrastructure needs, and providing more recreation options for the future.

[15] On May 23, 2024, it was announced that the long-anticipated demolition of the Inlet Square Mall could begin as early as June of that year, marking the end of an era for this once-thriving commercial hub.

Inlet Square Investments LLC, the Paramount Development-controlled company, had received the necessary demolition permit from Horry County just a week prior, on May 16th, paving the way for this major redevelopment project.

The plot of land approved for demolition spans an impressive 33 acres, and construction equipment was already spotted on-site as of May 20th, signaling that preparations were well underway.

This strategic downsizing reflects the evolving retail landscape, where large, traditional malls have struggled to maintain relevance in the face of the growing e-commerce industry and shifting consumer preferences.

The demolition of the Inlet Square Mall, while bittersweet for those with fond memories of the property, represents an opportunity for the area to undergo a transformative revitalization, paving the way for a new era of economic growth and community engagement.

[21][22] On July 10, 2024, it was announced that a 134-room hotel, Home2Suites by Hilton, is planned for the Inlet Square site according to a requested variance form that was submitted to the Horry County Zoning Board of Appeals.

Details remain scarce, as neither the company's Vice President, David Harner, nor its real estate manager, Neil Bowers, were available to provide further comment.