Wilmingtonbiz logo
Print
Real Estate - Commercial

Charleston Firm Planning Retail Center On 63 Acres In Leland

By Cece Nunn, posted Apr 19, 2017
A South Carolina-based development firm is working to attract national retailers to a 63-acre site on U.S. 17 in Leland for a major retail center.

The firm, Twin Rivers Capital of Charleston, now has the property under contract.

“We’ve had significant interest from national tenants, both restaurants and others, as well as professional office users,” said Doug Horack, development partner with Twin Rivers Capital, on Wednesday.

Horack said the company expects to make a significant investment in the project because of its size and location, on U.S. 17 between Ocean Gate Plaza Drive and Ploof Road in Leland.

“We feel like Leland is a growing area, as is Brunswick County, and it’s under-served for retail and other commercial uses. There’s really a big demand factor out there, and we look forward to the opportunity,” Horack said.

The completion of the Leland causeway improvement project, and other roadway construction such as the Interstate 140 bypass, have been factors in the decision to plan the center, said Andy Mitwol, another development partner in Twin Rivers Capital who is also a resident of Wilmington.

“All those infrastructure improvements along with the residential growth in northern Brunswick have contributed to now being the time to proceed on the project,” Mitwol said.

The project will not include a residential component. The developers said the master plan for the project is evolving, but they expect to have more details by this summer.

The 63-acre tract has been the subject of much discussion among Leland officials in recent years, with an update included in the town's most recent economic development report.

“Drawings for the road improvements that will be constructed during the 1st phase of the development have received preliminary approval from [the N.C. Department of Transportation] and the Town. Construction of these public improvements is expected to begin soon,” the April 13 economic development report stated.

A separate but adjacent development in Leland, an Aldi grocery store, is expected to proceed once those road improvements are underway, according to the report.

Referencing the 63-acre commercial project, the report also said, “Town staff has been meeting with Twin Rivers on a regular basis in support of their efforts to attract national and regional retailers and restaurants to this site.”

Additional retail, services and homes are on the way elsewhere in Leland, according to the report.

Story On The Map

Join The Discussion

Similar Stories

Ico insights

INSIGHTS

SPONSORS' CONTENT
Davidmcgowanapi300x300

2017: Energy in the Spotlight

David McGowan, III - N.C. Petroleum Council; American Petroleum Institute-NC
Burrus rob headshot 300x300

A Powerful But Underutilized Tax Subsidy For U.S. Exporters

Robert T. Burrus, Jr. - Cameron School of Business - University of North Carolina Wilmington
Dallas headshot 300x300

Elements Of An Insider-Sale Plan

Dallas Romanowski - Cornerstone Business Advisors

Book On Business

Bob2017

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

Order Your Copy Today!
Print Only
$24.95 - Qty
Print + Excel File
$79.95 - Qty

In The Current Issue

Inside Live Oak Bank’s Leadership Change

The hiring of career banker Scott Custer as Live Oak Bank’s new president is part of the bank’s ambitious plans for growth, chairman and CEO James “Chip” Mahan said.

Crescom Holds Opening Event For Downtown Branch

Local officials joined CresCom Bank leadership and bank customers at the official opening of the bank’s downtown Wilmington branch at 115 N....

Post-Merger, F.N.B. Moves Into Wilmington Market

With the mid-March completion of the Yadkin Financial Corp.-F.N.B. Corp. merger, Yadkin Bank locations in the area are being converted to re...

Ico topnews Editor's Picks

Elected Officials Consider Options For Saving Echo Farms Property

Cece Nunn - Apr 28, 2017 Trending News

MarKraft Acquires Apex Cabinet Company

Staff Reports - Apr 28, 2017

What Does PPD's Latest Deal Mean?

Cece Nunn - Apr 27, 2017 Trending News

Report: Local Apartment Vacancy Rate Remains Low

Cece Nunn - Apr 28, 2017
Technology

Cloudwyze

CloudWyze was created to help businesses focus and perform at their optimal level. It is difficult to find and implement the right technology for your company. That’s where we can help. We have exp ...more

Ico trending Trending News

Ico newsinimages News in Pictures

Have a tip, pitch or guest column?  Send us a tip.

Gallery Galleries

Video Videos

Wilmington's Most Intriguing People of 2016
WilmingtonBiz Expo - Key Note Lunch with Keynote Lunch with Chip Mahan - 2016

Register to Continue Seeing Wilmington's Best Business Coverage!


There are three ways to register for free.

Sign in with LinkedIn, Facebook or create an account:



Already registered? Login here.

Your free registration includes:

  • Access to 10 articles per month on WilmingtonBiz.com
  • Email updates to stay informed on local business news
  • A mobile optimized website
  • Advanced notification of Business Journal events
  • Management of your digital and print subscriptions
Laptop iphone ipad