WILMINGTON development thread, (Raleigh, Seaboard: loft, hotel, transfer)

[cptnD]

Originally Posted by Edward Teach

4-story mixed-use project proposed for South 17th Street



Jones wrote that rents will start at about $1,200 for a one-bedroom, and rise to about $1,600 for a two-bedroom. He noted that the site’s proximity to New Hanover Regional Medical Center was a draw.

https://www.starnewsonline.com/news/...th-17th-street

I'm sorry but I have to believe it will be quite higher than that considering Wilmington's position as one of the highest US cities for increasing rent. A one-bedroom at Barclay is $1200 and they've been there over a year.

They are getting closer to Charleston rates, only Charleston can actually justify the cost with a higher SOL.

[Edward Teach]

Originally Posted by cptnD

I'm sorry but I have to believe it will be quite higher than that considering Wilmington's position as one of the highest US cities for increasing rent. A one-bedroom at Barclay is $1200 and they've been there over a year.

They are getting closer to Charleston rates, only Charleston can actually justify the cost with a higher SOL.

I'm sorry you're confused. I think the developer knows how much the rents will be, and of course, if the market allows them to charge more, I'm sure they will. Thats how capitalism works.

[LM117]

Originally Posted by goldenage1

This sounds like a real disaster! This is Military Cutoff Road in a busy location with no detours provided.

NCDOT issued a correction. Turns out it won't close after all.

https://www.ncdot.gov/news/press-rel...orrection.aspx

[Edward Teach]

"Some big names are headed to Wilmington’s Independence Mall.

Brookfield Properties is doing major renovations to the property and a spokeswoman confirms the grocery store Lidl will be a new tenant.

It will be joined by Dick’s Sporting Goods, Five Below, Ulta and several restaurants – Blaze Pizza, Jersey Mike’s, First Watch and Walk Ons."

https://www.wwaytv3.com/2019/09/24/l...pendence-mall/

[LM117]

Upcoming Cape Fear Memorial Bridge closures due to inspections.

https://www.ncdot.gov/news/press-rel...nspection.aspx

[Vorpal]

What's the status of the new building that's supposed to house retail space at 200 Market Street? Has that been completed yet?

[Edward Teach]

Originally Posted by Vorpal

What's the status of the new building that's supposed to house retail space at 200 Market Street? Has that been completed yet?

Its getting pretty close. 3 of the 8 spaces are leased, apparently.

[LM117]

The Southport-Fort Fisher ferry resumed service this morning.

https://www.ncdot.gov/news/press-rel...ry-resume.aspx

[LM117]

A.C. Moore is closing.

https://www.prnewswire.com/news-rele...300964565.html

[LM117]

Pier 1 Imports has announced that they're gonna close up to 450 stores. Not sure if Wilmington's stores will be affected since no list has been given yet, but I thought I'd give a heads-up anyway, just in case.

https://www.usatoday.com/story/money...er/2827946001/