Print
Real Estate - Commercial

The Porches At Masonboro Project Gets Rezoning Approval

By Johanna Cano, posted Aug 9, 2018
The rendering of The Porches at Masonboro Park was created by Leland-based Thorpe Designs Group. (Photo courtesy of Regina Drury)
Wilmington City Council this week approved a mixed-use rezoning for The Porches at Masonboro Park, a luxury condo and executive center at 3380 and 3400 Masonboro Loop Road.

The project, on 1.9 acres across from Port City Java and Fire Station No. 15, would include three buildings with five residential units and 4,800 square feet of ground floor office and professional space.

The rezoning changes the site from a residential district to a mixed-used district.

It is expected to cost about $2 million -- $1.5 million for construction and $350,000 for the land, said Realtor Regina Drury, founder of Regina Drury Real Estate Group, who is developing the project.

While Drury is still looking for a local construction contractor, she said her goal is to start construction in February or March, with some buildings becoming available sooner. She estimates the first building would be available in September 2019.

Drury said one thing that makes the project unique is its executive center, which would provide office features such as conference space, office machines, mailing machines and administrative support.

Another thing that makes it unique is its casual atmosphere, she said. The idea for the location arose when she was looking for a less formal space for her real estate office, currently on Oleander Drive.

“I started my own real estate boutique two years ago and I started looking for office space for over two years and I didn’t want to be in a commercial building,” Drury said. “All the real estate offices were in commercial buildings on the third or fourth floor. I envision that there are a lot of people like me who want to be in a residential location. There are people who want to work close to home.”

Drury said an integral part of the proposed building are the porches, which will be about 50 feet by 6 feet. The goal of the porches is to provide a residential feel and additional meeting spaces.

“The big, overall picture is really going back to being less formal, and the porches is such a big deal,” she said. “We want the tenants that come and rent space for use to enjoy meeting and greeting their clients on the porch.”

Drury said she will live in the new location and plans to move her real estate office there. An architect is preparing plans for the interior, and she has been talking to banks regarding construction loans.

Drury worked on the proposal with layout help from Cindee Wolf from Design Solutions. Drury said she doesn’t plan on adding associates for the construction.

“Currently we don’t have any partners [for the project], and we are not looking for any,” she said. “We plan on being the main anchor of the executive center.”
Ico insights

INSIGHTS

SPONSORS' CONTENT
Yasminheadshotwithlogo

How Reading Works

Yasmin Tomkinson - Cape Fear Literacy Council
Lgoriginalheadshot 311794626

Summer is the New Holidaze

Laura Bransfield - Summerfield Custom Wellness
Chadwoutersheadshot

Disaster Relief: Employers Helping Employees

Chad Wouters - Earney & Company, LLP

Trending News

Pender County To Get Another Distribution Firm

Christina Haley O'Neal - Dec 13, 2018

Why This House Coming To Marsdon Avenue Is Unique

Cece Nunn - Dec 14, 2018

Info Junkie: Chandler Hatch

Staff Reports - Dec 14, 2018

Recruiters Talk Challenges In Hiring And Retaining Tech Talent

Johanna Cano - Dec 12, 2018

Supplying This Year's Oyster Season

Jessica Maurer - Dec 14, 2018

In The Current Issue

Top Stories No. 2: Realtors: Housing Market Still Strong

2018 Year in Review: Out of the gate in 2018, home sale statistics in the Wilmington area – including New Hanover, Brunswick and Pender coun...


Top Stories No. 3: Major Transportation Projects Get Underway

2018 Year in Review: The year saw significant investments in transportation projects around the area, including at the port, airport and maj...


Top Stories No. 4: GenX Actions Take Shape

2018 Year in Review: GenX remained a widely-discussed topic in 2018, which is ending with the first proposed settlement in a legal case agai...

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

2018 Power Breakfast - Dishing on the Restaurant Biz
2018 WilmingtonBiz Expo - Keynote Lunch with Eric Dinenberg, Rouse Properties
2017 Health Care Heroes