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. 
Ico insights



Building A Health Care Innovation Certificate: It’s A Team Effort

Diane Durance - UNCW Center for Innovation and Entrepreneurship
Cflc kellygosssechristheadshot

Raising Money In Troubled Times: 6 Ways You Can Help

Kelly Goss Sechrist - Cape Fear Literacy Council
Andybasingerliveoakprivatewealth headshot

Finding A Cure Instead Of Treating A Symptom

Andy Basinger - Live Oak Private Wealth

Trending News

Area Restaurants Announce Temporary Closures

Jessica Maurer - Jan 13, 2021

Developer Revisits The Avenue’s Phases

Cece Nunn - Jan 12, 2021

Tomsic Assumes New Position With Dogwood State Bank

Jenny Callison - Jan 13, 2021

More COVID-19 Vaccine Doses Arrive, Providers Added To Administer Shots

Vicky Janowski - Jan 13, 2021

Las Margaritas Bar Y Grill Opens On New Centre Drive

Jessica Maurer - Jan 13, 2021

In The Current Issue

Bike Shop Owner Rides To Success

Since she left the corporate world less than 10 years ago, Diane Hodapp has been on a roll....

Programs Aim To Build Workforce

The construction and IT sectors are the focus of new collab­oratives forming this year to address the area’s workforce develop­ment needs....

Top 10 Most-read Stories Of 2020

The most-read stories of 2020 run the gamut from filming in Wilmington to some of the latest news about Port City-based firm Next Glass....

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!



2020 Health Care Heroes
2020 WilmingtonBiz 100