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Developer wants luxury apartments, retail along northern riverfront

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WILMINGTON, NC (WWAY) -- A $50 million riverside apartment development might be coming to downtown Wilmington.

Raleigh-based Dewitt Carolinas says the six-story community near PPD called Pier 33 would have 300 residential units atop more than 30,000 square feet of retail space and plenty of amenities.

Developers want to begin construction this fall. They say it should take about 16 months to complete.

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Apartments

This is wonderful! You people are too narrow minded to see the benefit for the future. Yes, it's rough now. But in 3 years when this is in full force, the economy will be better, we will have a new majority in congress and hopefully a republican pro-job growth Administration. The only thing holding down downtown wilmington right now is the job killing policies of democrats in power. Can't wait!!

another Saffo scam?

Wait. Sounds like this is a done deal. Who has been behind closed doors making plans without Wilmington's resident's knowledge? Is this another Saffo scam? Who has been making any plans or meeting with these people?

wow

haha good luck selling those.

HA HA

read the article. they will be rental apartments not condos. And being done without subsidies or EB-5 money.

HA HA

selling?

Apartments are generally rented by individuals, not sold. and no one knows what the rents are going to look like, so let's not assume it will fail because no one can afford to live there.

luxary apartments

1st is this the land that CFCC wanted? Shame money speaks louder than education. If the developer wants to fill the 300 luxury apartments then we need to clear out at least half of the bars downtown. Who wants to pay a pretty penny for an apartment that you can't even leave after 9pm. I know it's not just the drunks who can't control themselves it is the gangs as well. Just saying.

That's great! and so what

That's great! and so what jobs are those apartment dwellers going to do so they can afford the rent there? Waiting tables? Tending bar? Or are they going to rent to people who just "already have money"?

Downtown Development?

This has to be a mistake. Everyone knows that there will never be anymore downtown/riverfront development because the tax payers of Wilmington refused to fund a minor league baseball stadium. Without a stadium, no one would be interested in developing anything downtown.......Say it ain't so.......for a cup of coffee .....is it possible the proponents of the stadium were wrong??????? A gigantic waste of tax payer funds that did not happen did not doom the city for all time?

Yeah Rick

And just think this development is taking place with no incentives !!! Funny how this works out.
The development of down town continues with the DEVELOPERS saying we need more residential units down town. This will attract more businesses down town to supply these dwellers with groceries and other items. This will be a welcome change from the "it's an old building - perfect for another bar" mentality that permeates the area down there now.
It also does something else that you alluded to. The fact that down town is developing without a stadium means that stadium supporters were either mis-informed, stupid, or outright liars who would say anything to get the city to build THEIR beloved baseball stadium. Chief Liar among them is Charles (Duke) Kuebler who is currently running for county commissioner. If he could be SO WRONG about down town failing without a stadium what else is he capable of being wrong about eh?
Vog

So where are the apartments?

Incentives hell... these jokers are not even breaking ground yet..just like the Big river side marina was to be completed by 2012..lol still nothing completed years later. no one will rent anything in this dumpy area anyway

Hotel

It would be one of the biggest jokes if this project was finished before the long awaited convention center hotel.

Future commissioner??

Chuck wants to raise vehicle registration fees and license tag fees to pay for the stadium. Also, let's not forget about his major co conspirators.........Terry Spencer and the invisible Mr. T. It would also appear that the curse of Mandalay as they left town in a huff did not come to fruition. Wilmington did not dry up and blow away......but Mandalay did go out of business........what a fitting end to the story of a hustle that did not happen. Now if the Mayor, O'Grady, and the rest will get out of the way.....things will work out. Private investment without government handouts........what a concept.

Let's Hope

They are all Baseball fans!!