One of the founders of Wilmington Downtown Inc., Merritt has been involved in 125 development projects in downtown Wilmington since 1978, but the 200 Market St. project would be the first for he and Sutton since they built Water Street Center.
"I think we’re doing great, and I love to see this new construction going on. It's very exciting," Merritt said of downtown's current climate.
Merritt and Sutton have the property, currently owned by Wells Real Estate Holdings LLC, under contract for an undisclosed amount.
In addition to Historic Preservation Commission approvals, the project would also be reviewed by the city's Technical Review Committee, Merritt said.
According to the Historic Preservation Commission's documents on the item, the city staff recommends approval with conditions for the infill development request.
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