Print
Government

City Prepares To Market Gateway Properties For New Development

By Cece Nunn, posted Jun 23, 2017
A city of Wilmington "Future Development Opportunity" sign has been placed on city-owned property in northern downtown Wilmington near Harnett and North Front streets. (Photo by Cece Nunn)
Officials are preparing future marketing efforts for property the city owns on North Front and North Third streets in downtown Wilmington, potentially paving the way for a new mixed-use development.
 
The properties at the city's northern gateway, near the Isabel Holmes Bridge, include 908 and 922 N. Front St. and 901 and 1020 N. Third St. In March, the city bought 1020 N. Third St., previously the home of RSC Equipment Rental, for more than $1.8 million from East Coast Development II LLC. RSC Equipment Rental closed the North Front Street location in 2012 after merging with United Rentals.
 
The city will likely demolish the old equipment rental building at 1020 N. Third St., said Erris Dunston, assistant to the city manager for economic development.
 
Metal buildings that used to house Cape Fear Community College classes on the other properties in the northern gateway group have already been torn down. Officials have been preparing the gateway properties to be marketed, most likely as a cohesive site for a potential mixed-use development.
 
Dunston said as part of that effort, the city’s urban designers are expected to work on conceptual plans that would-be buyers could use as a guideline for what is allowed and what could be the best fit for the area.
 
“We’re trying to put together a package that would be available for developers to look at,” Dunston said.

Although signs that say "Future Development Opportunity" and include Dunston's phone number have been placed at the site, city officials don’t have a specific date by which they need to complete new marketing materials and launch a larger campaign, she said.

“We want to get it done as soon as possible, but we haven’t set a hard deadline,” Dunston said. “I would probably say in the next few months, we’d be definitely looking at getting the property marketed.”

Story On The Map

Ico insights

INSIGHTS

SPONSORS' CONTENT
Susan willett 300x300

The Merits Of Trusts Vs. Guardianships For Minor Children

Susan Willett - Old North State Trust, LLC
Denverhollingsworthheadshot

Communicating to Your Apartment Residents in Today’s Hyper-Connected World

Denver Hollingsworth - Epproach Communications
Lyleheadshot2017

Four Things I’ve Learned From Serving Veterans

JC Lyle - Wilmington Area Rebuilding Ministry

Trending News

United Airlines To Offer Two New Non-stop Routes To DC, Chicago

Christina Haley O'Neal - Nov 20, 2017

Virginia-based Insurance Broker Acquires Wilmington Firm

Christina Haley O'Neal - Nov 20, 2017

New Owner Picks Up 3 Wilmington Taxi Companies

Cece Nunn - Nov 21, 2017

ILM Hires Planning And Development Director To Aid Future Growth

Staff Reports - Nov 21, 2017

Industrial Supply Co. Growing, To Open N. College Road Storefront

Cece Nunn - Nov 20, 2017

In The Current Issue

New Brunswick Economic Development Group Meets

Brunswick County commissioners have approved a formal agreement between the county and a new private-public economic development organizatio...


Feeding Frenzy

Those who’ve worked around the local restaurant scene for years, or decades, have seen the constant stream of eateries that open in the area...


UNCW Survey To Study Economic Impact Of GenX

Economists with the University of North Carolina Wilmington are moving forward with efforts to study the effects of GenX on the regional pop...

Book On Business

The 2017 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2017 Health Care Heroes
Major Developments
WilmingtonBiz Expo - Key Note Lunch with Keynote Lunch with Chip Mahan - 2016