Real Estate - Commercial

Site Plans Submitted For Part Of Soda Pop District

By Cece Nunn, posted Sep 14, 2017
A developer's plans for 920 Princess St. include class-A office space and a restaurant. (Photo by Cece Nunn)
A Wilmington developer who’s working to bring new commercial tenants to a former industrial area has submitted site plans to the city for renovations to one of his properties.

The plans involve renovating the larger of the buildings at 920 Princess St. to transform it into class-A office space, said Jim McFarland of Osprey Lands LLC, who purchased the former Coca-Cola Bottling property for $1.5 million in 2015.

McFarland also purchased the adjacent 909 Market St., the home of planning, design and engineering consulting firm W.K. Dickson & Co., last year for $1.1 million. McFarland said the renovations planned at 920 Princess St. will allow W.K. Dickson to move into part of the revamped two-story, 28,000-square-foot building, along with two other office users he has not yet named.

“The building we’re moving them [W.K. Dickson] into will be a much nicer building, more attune to their flavors for office space,” McFarland said Thursday.

McFarland then plans to turn what will be the former W.K. Dickson building at 909 Market St., an 8,000 square foot space, into a full-service restaurant. Another restaurant would go into 4,000 square feet in a smaller, connected building at 920 Princess St., the oldest building in the former Coca-Cola Bottling group that McFarland said he particularly wanted to save.

The area McFarland is working on has been referred to as the Soda Pop District and includes 9th through 11th streets from Chestnut to Market streets. He said Thursday that despite the denial in January by city officials of a rezoning request related to an entrance and exit, he's still working to bring a grocery store to the district.

“We will definitely bring a grocery store eventually. It’s just a matter of how long we wait for it,” McFarland said.

The plans for 920 Princess St. are expected to be on the agenda of the city of Wilmington’s Technical Review Committee on Sept. 28, according to the city’s project tracking website. McFarland said he anticipates that the work on the office building could take about 10 months to complete.

Story On The Map

Ico insights



2017: Energy in the Spotlight

David McGowan, III - N.C. Petroleum Council; American Petroleum Institute-NC
Bankofamericaderekcohen 122316122315

Bringing Manufacturing Back To The U.S.

Derek Cohen - Bank of America Merrill Lynch
Dan baden 300 x 300

Workshop Links Regional Seafood Startups With Global Resources

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

Trending News

Developers Want To Build 150-room Hotel In Porters Neck

Cece Nunn - Oct 20, 2017

Cape Fear Realtors Announces New CEO

Cece Nunn - Oct 20, 2017

Military Cutoff Extension Readies For Construction

Christina Haley O'Neal - Oct 20, 2017

Mixing Business With Magic

Cece Nunn - Oct 20, 2017

Group Advocates For Amenities Downtown

Christina Haley O'Neal - Oct 20, 2017

In The Current Issue

ExitEvent To Power Down

Raleigh-based ExitEvent, which covered stories about startups in North Carolina including in Wilmington and held a sales event locally, is s...

Health Care Heroes: First Responder

Finalists in the 2017 Health Care Heroes First Responder category: Philip Jewett, Aaron Kasulis and Woody Sullivan III....

Military Cutoff Extension Readies For Construction

Construction on the Military Cutoff Extension is scheduled to begin in January, with bids taking place in November, paving the way for traff...

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!



Major Developments
WilmingtonBiz Expo - Key Note Lunch with Keynote Lunch with Chip Mahan - 2016