09/05/2026
Inlet Square Mall opened in March of 1990 at 10125 Highway 17 Bypass in Murrells Inlet, SC . Built by CBL Properties, it was a single-level regional mall with roughly 434,000 square feet of space and about 45 stores and services when it first opened. At the time, it was one of the biggest retail centers on the Grand Strand and quickly became the main shopping destination for the South Strand.
➡️ This article is supported by Jake Lee - Myrtle Beach & Pawleys Island Top Realtor , preserving and sharing the heritage of this extraordinary region.
In its best years, Inlet Square was busy, bright, and full of life. Belk, JCPenney, Kmart, the movie theater, smaller shops, restaurants, and the familiar mall corridors made it a local gathering place through the 1990s and early 2000s. Before Coastal Grand Mall opened in Myrtle Beach, Inlet Square carried a much bigger role for this end of the beach.
But like many traditional enclosed malls across America, times changed.
Coastal Grand Mall opened in 2004, giving the Grand Strand a much larger and newer shopping destination. Online shopping grew. Retail habits changed. Big-box stores and outdoor shopping centers became more popular. Foot traffic at Inlet Square slowly faded.
The mall tried to fight back. A major renovation effort began around 2007, reportedly costing about $4.5 million, and was later completed around 2011. There were also plans over the years to reimagine the property into something more like an outdoor lifestyle center, but those plans never fully came together.
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The decline became more obvious as major tenants left. Regal Cinemas closed in 2010. Frank Theatres CineBowl & Grille opened in 2011 and briefly brought new energy back to the property, but it closed suddenly on May 14, 2016. Kmart closed in 2014. JCPenney and Stein Mart closed in 2015. Books-A-Million later closed in May 2020. By the final years, Belk and Planet Fitness were among the few major businesses still operating while much of the mall sat empty.
The financial history tells the same story. In 2009, Murrells Retail Associates reportedly used a $16.3 million loan to take over the mall after a bankruptcy filing earlier that year. That ownership later ran into financial trouble, and bankruptcy filings showed the debt had grown to about $18.7 million with late fees and interest. In 2018, West C Street Holdings sued the mall operators, alleging unpaid rent. In 2021, Inlet Square Investments sued West C Street Holdings in a separate matter involving a reported $2.8 million, though that case was later dismissed. Then, in February 2023, Inlet Square Investments purchased the main tract for $6 million, marking the beginning of the current redevelopment chapter. Paramount Development Corporation has been leading the rebuild.
On January 15, 2024, the enclosed mall officially closed, ending a 34-year run as one of the most recognizable retail properties on the South Strand. Demolition began in June 2024. The connecting corridors came down, while Belk, Planet Fitness, and the old Kmart and JCPenney buildings were kept. Demolition was largely wrapped by spring 2025, and the roughly 60-acre site has been shifting from an enclosed mall of about 434,000 square feet toward a smaller open-air commercial center of around 250,000 square feet.
Today, the old mall is gone, and the new version of the property is already in use.
Still open from the original chapter:
• Belk, the last original department-store anchor, stayed open through demolition and is still operating on the site
• Planet Fitness, at 501 Mall Drive, also stayed open through the rebuild
New stores already open:
• Floor & Decor opened in late summer 2025 at 545 Mall Drive, in the former Kmart building. It was the first major new store of the redevelopment and the first Floor & Decor on the Grand Strand
• Hobby Lobby opened April 17, 2026, in a 53,000-square-foot store at 231 Mall Drive, in the former JCPenney building. It is Hobby Lobby’s 27th South Carolina location. Hours are Monday through Saturday, 9 a.m. to 8 p.m. The store is closed on Sunday
Just off the old mall pad, El Cerro Grande opened September 22, 2025, in the former TGI Friday’s building at 3202 BUS-17 S after buying that outparcel in late 2024.
Still coming:
• A 134-room Home2 Suites by Hilton is under construction near Belk at 921 Mall Drive. Hilton is now accepting reservations beginning October 26, 2026. The hotel parcel was sold by Paramount and is being built by Windsor/Aughtry. Planned amenities include free breakfast, an outdoor saline pool, in-room kitchens, and pet-friendly rooms
• Chipotle is still planned for an outparcel near Highway 17 Bypass
• A coffee shop is also planned next to Chipotle. The company name has not been announced
• Paramount has said additional tenants are in talks, including space in the former Kmart building beside Planet Fitness, but no other names have been made public
Phase two work has included new parking, stormwater, lighting, and a new facade on the north side of Belk. Several outparcels are still available. Road work around the site has also been part of the story, including intersection improvements along Highway 17 Business at Inlet Square Mall / Mt. Gilead Road, plus planned turn lanes and new signals. Developers have not given a final completion date. As Paramount’s Neal Bowers put it in 2026, the rebuild is “an ongoing thing.”
What used to be the South Strand’s enclosed mall is now an open-air mix of stores that are already open, a hotel on the way, and more pads still waiting for the next chapter.
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