WILMINGTON, NC (WWAY) — Another new apartment complex might be on its way to Wilmington.
Northview Partners told the Business Journal that it has firm plans for the new complex on the south side.
The plans are drawn to build on land on Carolina Beach Road across from Echo Farms. It is a 10-acre area that CEO Mark Barker says will be the home of two three-story high-end buildings.
The $25 million project will include amenities like a salt water pool, outdoor grilling area, and a clubhouse with a billiards room and coffee bar.
The project is aimed at Generation Y, which is people born between 1981 and 2001.
“I’ve been looking and I haven’t found much that I’m interested in, so a good new apartment complex would get me excited to stay here,” UNCW student and Generation Y member Alexandria Brown said.
Others say there are already plenty of options.
“Just from when I drive around, I think Wilmington has enough apartments as it is,” UNCW student Khalil Nelson said. “I mean I feel like we’re pretty good with apartments right now.”
Northview Partners tells the Business Journal it is definitely catering toward young working adults, but rental rates for the new complex have not been determined.
Builders are waiting for city and county approval.
A September realty report says more than one thousand other units are also waiting to be approved.