Real Estate - Commercial

Developers Plan Two Buildings With Space For Office, Retail

By Cece Nunn, posted Feb 27, 2018
A rendering by Cothran Harris Architecture shows what the two buildings will look like that are planned in the Fairfield Mixed-Use project off Carolina Beach Road. (Courtesy of Cothran Harris Architecture)
Developers are planning to add two buildings with space for office and retail users off Carolina Beach Road in Wilmington.

The project would be built on undeveloped land at 4625 Fairview Drive in front of Meridian at Fairfield Park, a 241-unit apartment community completed in 2016 near Codington Elementary School.

The undeveloped property belongs to Neal Hunt of Raleigh, a retired apartment developer and former state senator, who is also a joint venture partner in Meridian at Fairfield Park, having contributed the land for the apartments while keeping the commercial outparcel to be developed as a separate project, said Richard Cotton, managing director of Multifamily Realty Advisors. Cotton is a partner with Hunt in the commercial project dubbed "Fairfield Mixed-Use" on site plans submitted to the city of Wilmington.

"As a commercial broker specializing in apartment sales and development, over the past 12 years I have represented Neal on many occasions including the sale of 7 apartment projects that he had developed," Cotton said in an email. "With respect to the Fairfield Mixed-Use project, however, I will be stepping away from my role as broker and Neal and I will be partners in the development of this project. Newly formed Fairfield Mixed-Use, LLC will be the development entity. Our development team includes Cothran Harris Architecture, Cline Design, and BNK Consulting Engineers. As for leasing and management of the buildings, we plan to engage a local commercial firm, yet to be determined."

He said the project will consist of two, 2-story buildings, each with 20,000 square feet for a total of 40,000 square feet.

"The first floor is designed to accommodate retail and/or professional offices and the second floor will be exclusively office space. We are hoping to have as much retail as possible on the first floor, especially retail shops and restaurants that will be an added amenity for the residents of the apartment community. Because of the shared parking with the residents of Meridian at Fairfield Park, however, we are limiting the total retail space to the first floor of each building, or 20,000 square feet," Cotton said.
He said no start date for the project has been determined and the development team has not selected a general contractor yet.

"We will likely wait until the first building has been at least partially pre-leased before the start of construction," Cotton said.

Site plans for the Fairfield Mixed-Use project are on the agenda for review for the March 8 meeting of the city's Technical Review Committee.

Story On The Map

Ico insights


Dave hoff heashot 300x300

Speed and Reflecting: Dichotomy or Complementary?

Dave Hoff - EASI Consult
Lr 7992 pp 911712351

Dignity Offers New Final Family Resting Places

Patrick Kelly - Dignity Memorial
Headshot 131850046

The Compromise: Location, Location, Location

Kirk Pugh - KBT Realty

Trending News

Off The Beaten Path, These Cafes Are Worth Special Trips

Jessica Maurer - Mar 14, 2018

Developer Again Seeks Military Cutoff Rezoning With 'less-intensive' Plan For The Avenue

Cece Nunn - Mar 16, 2018

Steak N' Shake Still Aiming To Establish Wilmington Presence

Jessica Maurer - Mar 14, 2018

Marina Grill Opens Today At Port City Marina

Jessica Maurer - Mar 14, 2018

Toys R Us Demise Could Put Valuable Wilmington Property On Market

Cece Nunn - Mar 15, 2018

In The Current Issue

Some Buyers, Sellers Await School Maps

Uncertainty about school districts could affect whether parents buy or sell their homes at all at a given time....

Local Craft Brewery Events Draw Visitors

It’s no secret now that craft beer is big business. And as the number of local breweries continues to grow, they’re impacting the area econo...

MADE Winners - Food And Beverage Category

Apple Annie's Bake Shop, Goodness Gracie Gourmet Foods and Wrightsville Beach Brewery made it onto the MADE Winners - Food and Beverage Cate...

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!



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