Downtown Projects Update

[KJHburg]

More new riverfront apartments planned by the marina and the planned park.

http://www.wilmingtonbiz.com/real_estate_-_residential/2019/09/11/on_waterfront_downtown_firm_plans_7-story_project_with_apartments_retail/19390

[KJHburg]

East West Partners developer of River Place proposes huge mixed use Northern Gateway project downtown with retail, hotel, office space, apartments and a grocery store on 2 blocks.

http://www.wilmingtonbiz.com/government/2019/09/19/river_place_developer_proposes_90m_downtown_gateway_project/19411?

[KJHburg]

Move over Charlotte Wilmington is starting its own rail trail.

https://www.starnewsonline.com/news/20190924/wilmington-rail-trail-gets-first-funding

[rolly]

A shot of the project mentioned two posts back. The 'Gateway' project, next to the PPD tower.

I wonder if they have office leasers lined up. Curious how hot the market is there as it's smokin in RalDur & CharVegas. 

 

[KJHburg]

Hotels and residential is very hot in Wilmington office not as strong as big metros so it will probably be last to built downtown. 

[rancenc]

Wilmington's downtown population continues to increase due to new development.

https://www.wect.com/2019/10/15/downtown-wilmingtons-residential-population-set-double-with-current-construction/

[rancenc]

Article on the evolution of downtown development in Wilmington

https://www.starnewsonline.com/news/20191112/port-city-rebound-wilmingtonrsquos-downtown-dividend

[rolly]

@rancenc That was a cool article. They talk about how a small part of downtown, in 1978 was just worth $30M for taxable income, but now is worth over $500M. From increased density of course.

And this great pic, with River Place under construction in the center...

[rancenc]

Just now, rolly said:

@rancenc That was a cool article. They talk about how a small part of downtown, in 1978 was just worth $30M for taxable income, but now is worth over $500M. From increased density of course.

And this great pic, with River Place under construction in the center...

This picture emphasizes the density in the downtown area!!!

[KJHburg]

New riverfront park finally breaks ground and this is great for downtown and Wilmington as a whole.

http://www.wilmingtonbiz.com/real_estate_-_commercial/2019/12/09/n_waterfront_park_project_could_draw_neighboring_development/19742

[rancenc]

What's coming in 2020 to downtown and other parts Wilmington!!

https://www.starnewsonline.com/news/20191231/wilmington-2020-what-new-projects-are-coming

Edited January 4, 2020 by rancenc

[KJHburg]

On 1/3/2020 at 8:16 PM, rancenc said:

What's coming in 2020 to downtown and other parts Wilmington!!

https://www.starnewsonline.com/news/20191231/wilmington-2020-what-new-projects-are-coming

heading there in Feb. and will get photos of all the downtown projects for sure. I can't wait to see River Place 

[rancenc]

Aerial view of downtown Wilmington from late last year!

https://www.youtube.com/watch?v=o6rSXfpG_KA

 

[rolly]

Here's a frame from the above video. Mostly captures the largest buildings.

 

[KJHburg]

Pier 33 apartments next to the convention center  and new 7 story Aloft hotel next to the Coastline Center both under construction.  Lot of construction downtown including the massive River Place development in the Water Street thread.

Aloft Hotel photos 1-3

Pier 33 apartments rest of the photos 

 

[rancenc]

KJHburg Thanks for all of your photos on ongoing projects in Wilmington!!

[Rufus]

Don't get me wrong, I like the scale of Pier 33. It's great mid-scale that helps connect PPD to the main downtown section. And I think this northern waterfront is PRIME for development of this scale. I just don't like that it somewhat cuts off the water from people not living there. It's a massive building, and if the boardwalk/water walkway is extended that far, it would be hard for people to access it unless they lived at P33. 

Interested to see how that works out. 

[KJHburg]

There seems to be places to walk just north of the Pier 33 where those restaurants and the new park will be and south of it by the convention center.  I am excited that downtown Wilmington is getting more residents which can only help the city and it helps attract people to the area. If someone could work at PPD in Raleigh or Wilmington why not chose the coastal city and live on the water?  

[KJHburg]

Here is the story on this building and new Dallas based coworking space going in this renovation.  Great renovation and project for downtown.

http://www.wilmingtonbiz.com/real_estate_-_commercial/2020/02/06/coworking_space_coming_to_historic_downtown_wilmington/19930

my photo from Monday. 

 

Edited February 6, 2020 by KJHburg

[rolly]

You can reserve an apartment at swanky River Place now.  Just over 1100 bucks get's you a 553 sqft unit.  

But... the views!

 

 

[KJHburg]

Big developer out of DCarea plans major project near riverfront in downtown.

http://www.wilmingtonbiz.com/real_estate_-_commercial/2020/03/03/mixed-use_developer_seeks_brownfields_agreement/20015

[rancenc]

Glad so see entrepreneurs investing for the future.

http://www.wilmingtonbiz.com/real_estate_-_commercial/2020/04/03/entrepreneurs_plan_space_for_coworking_community_more_in_downtown_wilmington/20190

[KJHburg]

New downtown apartments on Front St opening up now.

http://www.wilmingtonbiz.com/real_estate_-_residential/2020/04/15/downtown_luxury_apartments_nearing_completion/20240

[KJHburg]

California tech company opening its first east coast office in downtown.

http://www.wilmingtonbiz.com/technology/2020/06/04/california-based_tech_company_opens_an_office_in_wilmington/20474

[rancenc]

Tenants moving into the Pier 33 complex in downtown.

https://www.starnewsonline.com/story/news/2020/09/20/pier-33-65-million-mixed-use-development-open-downtown/5828270002/