Wilmingtonbiz logo
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

Ico insights



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

SpeedFaces Looks To Ease Advisor Scheduling

SpeedFaces aims to make the student advising process easier for everyone involved by allowing students to schedule meeting times with faculty, conduct meetings via video conferencing, retain chat notes as well as other features through the Internet.

Eminent Domain - Balancing Progress And Property

For commercial property owners whose assets lie in the path of state transportation projects, undergoing the eminent domain process doesn’t ...

Officials: Tourism Spending Rises In New Hanover

Tourism officials recently announced that tourism spending in New Hanover County increased in 2014, over 2013....

Ico topnews Editor's Picks

GE Hitachi To Pursue Reactor Partnership With Michigan Utility

Jenny Callison - About 4 hours ago Trending News

Despite Wet Start To Week, Many Businesses Open

Cece Nunn - About 5 hours ago Trending News

Businesses Keep Eyes On Storm Updates

Vicky Janowski - Oct 2, 2015

Young Wilmington Companies Among Finalists For Statewide Tech Awards

Jenny Callison - Oct 1, 2015


BOSS is a team of business experts who tap into the abundance of resources in the Wilmington, N.C., area to help clients start and grow successful businesses.

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 - The future of higher education - Sept. 2015
WilmingtonBiz Expo - Key Note Lunch with DONALD CROTEAU CEO, Vertex Rail - 2015

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