Print
Real Estate - Residential

For Downtown Wilmington Apartments, Another Step Forward

By Cece Nunn, posted Feb 4, 2020
River Place amenities include a rooftop pool and terrace with a hot tub, fire pit and view of the Cape Fear River, a fitness studio and onsite parking. (Rendering courtesy of East West Partners)
River Place, a 13-story, more than $80 million mixed-use project underway in downtown Wilmington, reached another milestone this week.

Officials with developer East West Partners of Chapel Hill, which is creating River Place as part of a public private partnership with the city of Wilmington, announced Tuesday that pre-leasing has begun for the 79 apartments in the development.

The studio, one- and two-bedroom units in the Overlook at River Place are expected to be move-in ready by May, according to a news release. Greystar Properties is taking tenant inquiries and apartment reservations.

Project manager Lucien Ellison of East West Partners stated in the release that his company looks forward to welcoming its first apartment residents this spring. The units range in size from 553 to 1,284 square feet, and rents start at $1,161 a month.

River Place encompasses an entire block along Front Street and Water Street. The apartment homes are along Grace Street and Water Street, with views of the Cape Fear River and the northern end of downtown Wilmington. 


"The first of 92 total condominiums will also be ready for occupancy by March 2020," the release stated. "The first to be released will be among the 58 homes along Water Street, with the remaining 34 condominiums surrounding the parking deck to be released shortly thereafter. The parking deck is on track for completion in conjunction with the first condominiums."

The release stated that the retail and dining businesses occupying the commercial portion of River Place began upfitting their spaces in January. Among those tenants are Circa Restaurant Group, Mellow Mushroom and Axis Fitness.

Ico insights

INSIGHTS

SPONSORS' CONTENT
Chris coudriet

A Public Service Profile For Pandemic Operations

Chris Coudriet - New Hanover County Government
Web awstaffpic2020 1 132245438

Meet Alex Umstead-Wrenn, New Board President at the Cape Fear Literacy Council

Alesha Edison Westbrook - Cape Fear Literacy Council
Headshotrosaliecalarco 1182131047

Important Family Conversations During The Holidays

Trending News

National Retailer Coming To Former Earth Fare Space

Cece Nunn - Jan 24, 2022

Carolina Beach Fishing Pier, Tiki Bar Under Contract 

Johanna F. Still - Jan 24, 2022

In The Current Issue

Info Junkie: Kimberly Lupo

The founder and CEO of Portrett Pharmaceuticals, Kimberly Lupo, shares her top tech and info picks....


Beer Garden Rising From Deep Roots

The home of a former Esso station is expected by early this summer to open as The Eagle’s Dare, a bar and beer garden....


App Enhances Guest Interactions

After taking a personal trip that included a stay at a hotel, Jose Quiros was surprised to find that the hotel industry was still using trad...

Book On Business

The 2021 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

Trying to Grow a Business?
2020 Health Care Heroes
2020 WilmingtonBiz 100