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Real Estate - Residential

Renters Start Snagging Downtown's New Luxury Apartments

By Cece Nunn, posted Sep 5, 2014
City Block, an upscale apartment building at 814 N. Third St. in downtown Wilmington, is expected to open in November. (Photo courtesy of City Block)
Some of the 112 upscale apartments under construction on North Third Street in downtown Wilmington are spoken for already, project officials said this week.

“Fifteen percent of the building has been pre-leased at this point,” said Krysti Keser, community manager for City Block, a multi-million-dollar apartment complex expected to open in November, possibly by Nov. 15. “So it’s filling at a pretty good clip.”

Rents at City Block, described as “luxury apartment rentals” in its promotional materials, start at $965 for a one-bedroom, one-bathroom apartment, $1,225 for two bedrooms and two bathrooms.

Located at 814 N. Third St. in the Brooklyn Arts and downtown’s central business districts, City Block is promising tenants a long list of features and amenities, including a cyber café and lounge with a gourmet coffee bar, a fitness studio, an outdoor veranda with a grilling station, controlled access, a gated parking lot and a covered deck.

As construction continues on City Block, more downtown apartments might be in the works. Some of the plans include two apartment developments – the 278-unit Sawmill Point at 15 Cowan St. and the 300-unit Pier 33 adjacent to Port City Marina, off Nutt Street – which are still under review by city officials, according to the city’s project tracking website.

Additionally, the city is seeking proposals for the redevelopment of the 1.22-acre Water Street parking deck site at 200 N. Water St. that could include up to 225 residential units.

While those projects are still in the planning stages, City Block is only a couple of months away from move-in time if all goes as planned.

Keser said the apartment building’s temporary leasing office at 817 N. 4th St. has been busy.

“It’s really amazing, the reception we’ve received,” she said.

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