WILMINGTON, NC (WWAY) — If voters say yes to a baseball stadium next week, we could see some businesses and homes in downtown Wilmington.
Patrick Melton of South Street Partners says the Charlotte-based private real estate investment company has put in an offer to buy the Upper Dean Tract. That’s next to the Sawmill Point property between Cowan Street and the Isabel Holmes Bridge the city is negotiating to buy for a ballpark. Melton is listed as a manager for Sawmill Point.
In a news release, Melton says South Street would build high-end residential and retail space if voters approve a bond referendum to build the ballpark.
“We are serious about making downtown Wilmington a magnet for economic development,” Melton said in the release. “We know that the ballpark will make this area of downtown a true destination for entertainment and business. A mixed-use project overlooking the ballpark will be another key asset in the area’s ongoing development.”