A $53 million senior living complex may be one of the newest developments in the growing Carolina Forest community of Horry County. The woods could soon be the home to something much different: a senior living complex. Horry County’s administration committee is expected to discuss the plans for what would be called The Villas at Carolina Forest. It would have 166 units on about 18 acres of land off Carolina Forest Boulevard next to the Canterbury Apartments.
The project could receive $50 million in bonds from the South Carolina Jobs-Economic Development Authority. This type of borrowing allows a private entity such as a nonprofit to utilize the same tax-exempt financing that a government does. The Villas at Carolina Forest would have assisted living and memory care units. It would also have space for physical rehabilitation, therapeutic services, dining facilities and common areas for social activities.