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Real Estate - Residential

Management Firm Selected For Pier 33 Apartments

By Cece Nunn, posted Nov 12, 2020
Shown in September, Pier 33 apartments sit on the waterfront in downtown Wilmington (File photo)
A management company has been named for luxury apartment project Pier 33 in downtown Wilmington.

According to a news release, DF Multifamily, a division of multifamily management company Drucker + Falk (DF), recently assumed the leasing and management of Pier 33, which sits on 5 acres along the Cape Fear River.

“Pre-leasing has already begun and the community expects its first residents in late 2020,” the release stated.

Pier 33 has 286 apartments, 20,000 square feet of commercial space and a parking garage with 525 spaces. 

“This is a $60 million project developed by Raleigh, North Carolina-based Dewitt Carolinas Inc., a real estate development company with 25 years of experience in building large-scale residential and commercial properties,” according to the release. 

Todd Saieed, Dewitt Carolinas’ CEO, said in the release, “We know well the professionalism that Drucker + Falk brings to any project having partnered with them on numerous developments over the past 25 years. Their insight into Wilmington’s growth and lifestyle trends is invaluable as we establish this premiere luxury community.”

Over the past 40 years, DeWitt Carolinas has developed more than 2,500 multifamily units throughout the Carolinas. Founded in 1938, Drucker + Falk has a management portfolio of nearly 40,000 apartments, as well as commercial space, in 13 states.

Pier 33 is a six-story institutional-grade steel and concrete building with interior and exterior amenities and direct access to the Riverwalk, a marina and Wilmington’s future North Waterfront Park.

Amenities include two outdoor courtyards, a saltwater pool, a gaming lawn, outdoor grilling stations, a 24-hour fitness center and yoga room, conference and networking room, clubroom, business center, dog washing station, reserved parking and a gourmet coffee bar.

The complex has one-, two- and three-bedroom floor plans, and rents start at around $1,130 per month.

“We are excited about the opportunity to lease and manage the meticulously designed, luxurious waterfront project that is Pier 33. This project will be a wonderful opportunity for the people of Wilmington -- whether they are a year-round resident or vacationers looking for the perfect waterfront home in North Carolina.

"Our team looks forward to continuing to work with Dewitt and advancing our partnership,” said Kellie Falk, managing director for Drucker + Falk, in the release. 
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