Print
Government

County To Unveil Potential Redevelopment Ideas For Downtown Property

By Cece Nunn, posted Jul 14, 2017
An illustration created by city of Wilmington staff members for a January presentation on Project Grace shows the potential for infill development at North Third, Chestnut and Grace streets.
On Monday, New Hanover County officials will share more details of a market analysis that has studied potential ways to redevelop a 3-acre, county-owned site in downtown Wilmington.

Also known as the library block, the study subject of what the county's calling Project Grace is bordered by Grace, Third, Chestnut and Second streets and includes the main branch of the New Hanover County Public Library. The site also holds the library’s Story Park, an EMS facility, a 650-space parking deck, the former county register of deeds office and three surface lots.

The board unanimously approved a contract in January with Wilmington Downtown Inc. and Benchmark Planning of Charlotte to create the study, site analysis and potential redevelopment scenarios. 

"The primary purpose of this study is to retain the library services on the site, and return the underutilized portion of the site to the private sector -- expanding the tax base," says a July 3 memo by Jennifer Rigby, the county's strategy and policy coordinator, included in the New Hanover County Board of Commissioners agenda documents for its meeting Monday.

The memo says the findings in the analysis indicate that the market capacity of the site could support 400 multi-family residential units, 25,000 square feet of retail space, up to 70,000 square feet of office space and a maximum of 100 hotel rooms.

That doesn't mean that's what, if anything, will be developed on the property, officials are quick to point out.

"The presentation scheduled for July 17th will include the findings from the market study and site analysis, and four development scenarios. It is important to understand these development scenarios serve as a framework for how the site could be developed," the memo says.

Rigby wrote that she recommends "looking at the scenarios based on the decision points or conditions that could be placed on the development."

Those potential decision points or conditions include: constructing a modern library, preserving green space, capturing the full market potential on the site, rezoning the site to increase height limits and constructing a modern Cape Fear Museum on the site, the memo says.

No other information about the market study and site analysis were available Friday because more detail will be shared during a presentation at the Board of Commissioners meeting, scheduled for 4 p.m. Monday at the New Hanover County historic courthouse, 24 N. Third St.

Story On The Map

Ico insights

INSIGHTS

SPONSORS' CONTENT
Burrus rob headshot 300x300

Cameron Executive Network Celebrates 15+ Years of Mentoring

Robert Burrus - Cameron School of Business - University of North Carolina Wilmington
Cd

Five Reasons Nearly Half Of New Hires Fail

Hoop Morgan - The Forté Institute, LLC
Dan baden 300 x 300

Workshop Links Regional Seafood Startups With Global Resources

Daniel G. Baden - Marine Biotechnology in North Carolina (MARBIONC)

Trending News

After 40 Years, Air Wilmington Could Have New Owner

Christina Haley O'Neal - Feb 19, 2018

Pollution Concerns Slow National Gypsum Incentives Discussion

Cece Nunn and Christina Haley O'Neal - Feb 19, 2018

In The Current Issue

Security Systems Service Expanding To Wilmington

One of the largest security guard services in the U.S. is expanding its operation to Wilmington....


Villasenor Family Finds Market Nich

The Villasenor siblings are partners in Los Portales Supermarket and Taqueria, as well as a new restaurant, Tequila Comida and Cantina, expe...


Made: Powering Up Across Industries

Power cord manufacturer Feller LLC in Leland was founded in the U.S. in 1984....

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

WilmingtonBiz Expo - Keynote Lunch with John Gizdic, CEO, New Hanover Regional Medical Center
Wilmington's Most Intriguing People of 2017
2017 Health Care Heroes