Real Estate - Residential

What's Next For More Than 500 Acres Of Trask Land?

By Cece Nunn, posted Nov 17, 2020
About 350 acres of Trask land set for development is in the southeast quadrant of the I-40 and I-140 interchange in New Hanover County. The more than 150 acres is in the northeast quadrant. (File)
The New Hanover County Board of Commissioners voted unanimously Monday to approve two rezoning requests for what would be two separate communities on more than 500 acres.

The separate rezonings allow a developer to eventually put a mix of housing in the two communities, one with 158.65 acres at the northeast quadrant of the interchange of Interstate 40 and Interstate 140 and the other with 350 acres at the southeast quadrant.

But houses won't spring up overnight on the two parcels.

Raiford Trask III, of development firm Trask Land Co., said the neighborhoods are likely 10-year projects. They're expected to eventually include single-family houses, apartments and townhomes.

"It will require two to three years for planning, infrastructure planning, permitting and design at the very least," Trask said.

The homes built there could help meet the area's ongoing demand for workforce housing, Trask said.

The land has been owned by the Trask family for decades.

One of the next steps, Trask said, is working with the N.C. Department of Transportation.

He said, "It's important for everyone who is in the community to understand that both of these pieces will require a lot of planning, particularly with utilities and traffic."
Ico insights



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

Diane Durance - UNCW Center for Innovation and Entrepreneurship

New Dec 2020 Government Stimulus and Programs

Caroline Montgomery - Adam Shay CPA, PLLC
Drewsmith copiersplus headshot

How To Navigate A Copier Buyout

Drew Smith - Copiers Plus

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

USDA, NC Organization Honor Live Oak Bank

In mid-December, the U.S. De­partment of Agriculture Rural Department named Live Oak Bank its top 2020 commercial lender....

2021 Goals: New Year's Outlook In Their Own Words

Several of the region’s economic development groups and organizations that are economic drivers check in with a recap of what happened in th...

Local Advisers Share New Year Tips

With the market tumult of 2020 behind us, financial ad­visers are ready to help their clients navigate the possible challenges and opportuni...

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