Cotton Exchange celebrates 50 years in downtown Wilmington

WILMINGTON, N.C. (WWAY) — The Cotton Exchange, a longtime shopping and dining destination in downtown Wilmington, is marking its 50th anniversary this year.

Located at 321 N. Front St., the Cotton Exchange opened in 1976 as part of an effort to preserve historic buildings at a time when much of downtown Wilmington faced demolition and decline.

Developers Joe Reeves and Mal Murray restored the structures and introduced a retail concept that combined modern businesses with historic architecture. In 1990, John and Jean Bullock purchased the property and continued redevelopment efforts in the downtown area.

Today, the Cotton Exchange is owned by the Bullock family and includes more than 25 locally owned shops and restaurants. The businesses are housed in a series of restored brick buildings connected by courtyards and walkways.

Since its opening, the Cotton Exchange has become a prominent part of downtown Wilmington, drawing both residents and visitors while providing space for small businesses.

“We’re really celebrating 50 years of local dreams,” said Cheryl Hartsoe, property manager and member of the Bullock family. “The Cotton Exchange has always been about supporting small businesses. Many merchants have started their businesses here and several establishments have been with us for more than 40 years, which speaks to the strong community we’ve built together.”

Hartsoe said the anniversary reflects both the history of the site and its continued role in the community.

“This milestone is not just about the past,” Hartsoe said. “It’s about celebrating the merchants, customers, and community that have made the Cotton Exchange a part of Wilmington’s story for the last 50 years and will continue to do so for years to come.”