Print
Real Estate - Residential

Developers: River Place Reaches Milestone

By Cece Nunn, posted May 14, 2019
Construction is progressing on River Place (shown above in a rendering), with the structural framing of the development's south tower complete. (Rendering courtesy of River Place)
Officials with East West Partners, developers of downtown Wilmington’s River Place, said Tuesday that the structural framing of the mixed-use project’s south tower is complete. 

"At 13 stories, the south tower includes one level of parking, the restaurant pavilion, retail space and 58 of the 92 total condominiums in the project, representing some 150,000 square feet of the project’s overall 488,000 square feet," the release stated.

Chapel Hill-based East West is creating River Place, formerly home to the defunct Water Street parking deck at 200 N. Water St., in partnership with the city of Wilmington in a project projected to cost more than $80 million.

The project's next steps include framing the exterior and interior of each floor; installation of plumbing, mechanical and electrical systems; exterior sheathing for waterproofing and insulation barriers; exterior brick cladding; and window installation, the release stated.
 
The first dwellings in the south tower are expected to be ready for occupancy by early in the first quarter of 2020, with the remaining 34 condominiums surrounding the parking deck completed shortly thereafter, according to the release.

The parking deck is on track for a late 2019 completion, officials said. 

“With 100 inches of rain and the impact of Hurricane Florence, we are delighted to have reached this stage with our schedule still intact,” stated Lucien Ellison, managing partner of East West Partners, in the release. 
 
According to the release, vertical construction for River Place began in November 2018 and progressed at an average of one story every two weeks with structural steel and concrete framing.

“There are a number of subcontractors on site working concurrently to either meet or exceed our construction schedule," Ellison said in the release.

In February, brokers annouced that Mellow Mushroom pizza restaurant has joined the commercial tenant roster for River Place.
 
Ico insights

INSIGHTS

SPONSORS' CONTENT
Tommytaylor ceo unitedway

How Philanthropy Fits Into Your Financial Plan

Tommy Taylor - United Way
Cfss headshots parker robert webversion 21422121214

The Latest Solar Scams and What You Can Do to Help Stop Them

Robert Parker - Cape Fear Solar Systems
Untitleddesign7

Mastering ARC Applications: Best Practices for HOA Board Members

Dave Orr - Community Association Management Services

Trending News

Passenger Rail Study Offers New Details About Proposed Wilmington To Raleigh Route

Emma Dill - Apr 22, 2024

Severe Weather Postpones Trump Rally In Wilmington

Emma Dill - Apr 20, 2024

Will NC Be CNBC's Three-time Top State For Business?

Audrey Elsberry - Apr 22, 2024

In The Current Issue

Taking Marine Science On The Road

“My mission and my goal is to take my love of marine science, marine ecosystem and coastal ecosystems and bring that to students and teacher...


Info Junkie: Lydia Thomas

Lydia Thomas, program manager for the Center for Innovation and Entrepreneurship at UNCW, shares her top info and tech picks....


MADE: Makers Of Important Papers

W.R. Rayson is a family-owned manufacturer and converter of disposable paper products used in the dental, medical laboratory and beauty indu...

Book On Business

The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2024 Power Breakfast: The Next Season