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

Book On Business

2015 bookonbusiness

The 2015 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!
Print Only
$19.95 - Qty
Print + Excel File
$79.95 - Qty

In The Current Issue

Sound Bank Establishes Wilmington Office

A coastal North Carolina community bank has entered the Wilmington market.

Group Receives Vein Center Accreditation From IAC

DermOne Dermatology, Cosmetic and Scarless Vein Center has received vein center accreditation by the Intersocietal Accreditation Commission....

Chapel Hill Firm Selected For Deck Site

East West Partners, the Chapel Hill firm whose redevelopment project proposal won the favor of city officials, sees a lot of potential in Wi...

Ico topnews Editor's Picks

Litigation Among Options Weighed By Spring's Attorney

Jenny Callison - About 21 hours ago

Restaurant Owner Leads Development Of Downtown Wilmington App

Cece Nunn - About 22 hours ago

Redix Expanding With Downtown Location This Summer

Cece Nunn - Mar 4, 2015 Trending News

Downtown Experts Weigh In On Tax Assessments At WDI Event

Cece Nunn - Mar 4, 2015
Consulting

TAB Wilmington

Cornerstone Advisory Partners helps organizations achieve high performance through peer advisory boards, executive coaching and private equity funding.

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