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
20180514 104209 51418120638

What is SOLA?

Steve Adams - School of Learning Arts
Chris coudriet headshot 300x300 10211545555

Increasing Recycling, Reuse and Waste Reduction

Chris Coudriet - New Hanover County Government
Dave hoff heashot 300x300

Does Learning Agility Decline with Age?

Dave Hoff - EASI Consult

Trending News

Ohio Company Acquires Wilmington Based Environmental Consulting Firm

Cece Nunn - Jul 19, 2018

Area Restaurants Earn Wine Spectator Recognition

Jessica Maurer - Jul 18, 2018

New Businesses Open, On The Way To Beau Rivage Marketplace

Cece Nunn - Jul 20, 2018

Airport Terminal Expansion Project Set To Move Forward Ahead Of Schedule

Christina Haley O'Neal - Jul 19, 2018

Local Food Delivery Services React To Uber Eats

Jessica Maurer - Jul 18, 2018

In The Current Issue

Pat Koballa Shifts Gears

Pat Koballa recently ended 32 years as an executive general manager with Stevenson Automotive Group to begin his new journey as an owner of...


Sharks Baseball Takes Bigger Bite

The 20th anniversary of Wilmington Sharks baseball in 2017 came with somewhat of a reboot, led by new owners and a renewed focus on improvin...


Bank Offers Workplace Financial Wellness

SunTrust Bank has rolled out a program designed to help employees of other companies become more confident about their own financial plannin...

Book On Business

The 2018 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2018 Power Breakfast - Dishing on the Restaurant Biz
2018 WilmingtonBiz Expo - Keynote Lunch with Eric Dinenberg, Rouse Properties
2017 Health Care Heroes