Wilmingtonbiz logo
Print
Real Estate - Residential

Sawmill Point Targets Summer 2015 Opening

By J. Elias O'Neal, posted Feb 7, 2014
A manager overseeing one of the largest proposed apartment developments in downtown Wilmington said Thursday that the city’s decision to build a riverfront park swayed his firm to move forward with plans to develop the former Sawmill Marina site.
 
Blair M. Booth, manager of Cary-based Symphony Properties LLC, said his firm was looking forward to plans to build 278 apartment units in downtown Wilmington because of the future park next door.
 
In November, the city council approved allocating $4.1 million to buy more than 6 acres for a public park along the northern downtown riverfront.
 
“We thank the city for purchasing the 6.5-acre land for the park,” Booth said.
 
Members of the Wilmington Development Services’ Technical Review Committee met with the Symphony development team Thursday to review the mammoth 11-acre apartment project set to rise at 15 Cowan St.
 
Called Sawmill Point, the four-story development would incorporate a parking garage with additional parking spaces throughout the development. The apartments would be one- and two-bedroom units, ranging from 700 to 1,300 square feet in size, Booth said. Other amenities include a pool and access to a 42-slip marina.
 
Pending proper permitting and city approval, officials hope to break ground on the multimillion dollar project by mid-summer, Booth said. He said that if the estimated timeline remains in place, the first units could be ready for occupancy by early summer of 2015, with the remaining units coming on board by the end of 2015.  
 
Since the project is located within the central business district, officials will not have to seek city council approval for the development.
 
Allen Davis, urban designer with the city, suggested the company provide pedestrian connectivity to the future city park to avoid grounds repairs – a condition the team was receptive to possibly completing. Planning officials also want to work with the developers to alter the project’s parking plan to add additional spaces to proposed parking garage.

Story On The Map

Join The Discussion

Similar Stories

In The Current Issue

Info Junkie: Nathan Snell

Web and app picks from Info Junkie Nathan Snell, senior vice president of product development for nCino.

Mayfaire At 10

While Mayfaire Town Center marked its 10th anniversary earlier this year, the impact of the Mayfaire development as whole – its town and com...

Cucalorus Looks To Future With New Film Landscape

The film industry’s future in Wilmington might be uncertain, but Cucalorus Film Festival, which just wrapped its 20th season, organizers bel...

Ico topnews Editor's Picks

Entrepreneur Discusses Internet Of Things, New Venture Demands

Jenny Callison - About 19 hours ago

Century 21 Sweyer Merges With Holden Beach Firm

Cece Nunn - About 21 hours ago Trending News

Retail Space Increasingly Scarce While Lease Rates Rise

Cece Nunn - About 19 hours ago

Next Glass Launches Drink Profile App

Jenny Callison - About 23 hours ago
Wealth Management

Pathfinder Wealth Consulting

Business owners helping business owners plan, achieve and protect their family wealth. We offer unbiased comprehensive financial planning, risk management unique to family owned businesses, retirement ...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

Power Breakfast Series - Special Sauce for Economic Development - March. 2014
WilmingtonBiz Expo Keynote - Ken Lowe - Founder HGTV, CEO Scripps Networks - March. 2014

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