Print
Real Estate - Residential

Developer New To Wilmington Restarts Apartment Project On Independence Blvd.

By Cece Nunn, posted Nov 21, 2016
A development firm new to the Wilmington area has restarted plans for an apartment community on Independence Boulevard near Echo Farms.

Woodfield Investments is proposing 254 apartments in four buildings on 15 acres at 3828 and 3970 Independence Blvd., with preliminary site plans labeled Woodfield Wilmington.

In September 2014, Symphony Properties, developers of Sawmill Point apartments in downtown Wilmington, had proposed 256 apartments on the land before dropping out of the project.

Now the property is under contract with Woodfield, a company that has multi-family projects in the Triangle area and Charlotte, along with Charleston and Greenville, South Carolina, and the Washington D.C. metro area.

“We’ve always kept an eye on Wilmington and we think it’s got great fundamentals with education, health care, tourism. So really a lot of great fundamentals not unlike the Charleston market,” said Scott Underwood, a partner in Woodfield Investments. “We feel like we found a great site to match the market.”

In addition to three, three-story buildings and one four-story building, the preliminary plans for the Woodfield apartments include a pool, fitness center, yoga room and a sky terrace. The terrace is envisioned as an indoor-outdoor space, on the fourth floor of the largest apartment building, where residents could congregate and socialize, Underwood said.

With projects like The Pointe at Barclay, a movie theater-anchored commercial center, along with a development expected to be anchored by one of the largest Harris Teeter grocery stores in the state at Carolina Beach Road and Independence Boulevard, “the walkability factor for this site is fantastic,” Underwood said.   

The Woodfield apartment community plans are expected to be discussed at the city of Wilmington’s Technical Review Committee meeting that starts at 8:30 a.m. Dec. 1, in the fourth-floor technology conference room at 305 Chestnut St.

Underwood said company officials hope to get started on the apartments by the second quarter of 2017.

Story On The Map

Ico insights

INSIGHTS

SPONSORS' CONTENT
Carolinemontgomery4

PPP Forgiveness - What You Need To Know

Caroline Montgomery - Adam Shay CPA, PLLC
Mike stonestreet 300x300

Large-Scale Community Associations

Mike Stonestreet - CAMS (Community Association Management Services)
Alycephillipsnew2

Don’t Panic: Rules Have Eased On Drawing Cash From Retirement Funds

Alyce Phillips - Old North State Trust LLC

Trending News

Education Leader Forges Way Forward

Cece Nunn - May 22, 2020

Stay-at-home Improvement

David Dean - May 22, 2020

NHRMC: Suitors Come Calling

Vicky Janowski - May 22, 2020

For Restaurants And Retailers, Proposal In Works To Boost Business

Christina Haley O'Neal - May 22, 2020

MADE: Spicing Up Local Markets

Staff Reports - May 22, 2020

In The Current Issue

Education Leader Forges Way Forward

Burns was tapped as interim superintendent of NHCS in February, following the resignation of Tim Markley. Burns assumed his new role in Marc...


NHRMC: Suitors Come Calling

Of the six health systems that submitted proposals for buying or partnering with NHRMC, three have moved ahead of the rest of the pack for f...


In Beach Town, Waves Of Reopening

Business owners on Pleasure Island, which includes the New Hanover County towns of Carolina Beach and Kure Beach, share a measured enthusias...

Book On Business

The 2020 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2019 Health Care Heroes
August 26, 2019 Power Breakfast: A Healthy Sale?
2019 WILMA Leadership Accelerator
2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`