Print
Real Estate - Residential

At Riverlights, More Upscale Apartments On The Way

By Cece Nunn, posted Feb 12, 2021
Mosby at Riverlights, an upscale apartment complex, is under construction in the master-planned community on River Road. (Photo courtesy of Riverlights)
More apartments are in the works for Riverlights, with the newest plans adding 286 units on 17 acres.

The site is within a 120-acre mixed-use portion of the 1,400-acre community.

Argento at Riverlights is expected to contain a mix of one-, two- and three-bedroom apartments, along with amenities that include a swimming pool, clubhouse, cabana, dog park, a gym and courtyards. The developer is Indiana-based Sterling Development.

The Argento plans are expected to be discussed at a meeting of the city of Wilmington’s Technical Review Committee in March, according to the city’s project tracking website.

Already under construction in the master-planned community off River Road is Mosby at Riverlights, a project with 250 apartments. Both Mosby and Argento are upscale developments.

Mosby is “more dense and includes traditional neighborhood constructs. It’s a different type of product from the standpoint of the way that it looks and the way that it’s going to live whereby the Argento project is going to be more garden-style apartments, several buildings spread over a much larger campus limited to three stories in height,” said Nick Cassala, vice president of operations for Riverlights. “Both of those communities will have their own set of amenities for the residents.”

The first building in the Mosby project, which is under development by Virginia-based Middleburg Communities, is expected to be finished by April and all the buildings could be complete by September, Cassala said. 

For Argento, Sterling Development has the land under contract, and would likely start construction four to six months after closing on the purchase.

“Both of those developers generally build, own and manage their assets so it’s important to us as we continue to build Riverlights that we’re working with partners who value what has been established here,” Cassala said of Sterling Development and Middleburg Communities.

Some existing Riverlights residents have expressed opposition to the apartments. 

“What is happening to the Riverlights was not what myself and many here had envisioned. We understand that there would be single family home development but not mid-level apartments and other types of apartments, which is growing in numbers,” said resident Michael Sanclimenti in an email. “It is totally out of character to Riverlights and we are getting no help or support from the city planning commission and council.”

Riverlights officials disagree.

"In developing this new section of Riverlights, with both multi-family and commercial properties, we are intentionally creating an opportunity to disperse traffic within our master plan," Cassala said in an email. "Our timing with this new section coordinates the apartment homes with new and necessary commercial enterprises, places like boutique fitness companies, day care operators, veterinarians, dry cleaners and the like.  

"As a result, with this new section of development, we are balancing well our growth with our quality of life for all our residents.

He said Riverlights developers have always had the right to offer a multifamily component.

“The market’s going to dictate how a tract of land gets developed over time,” Cassala said.

Since word of the apartments has been made public, more developers have expressed interest in the commercial portion of the 120-acre mixed-use area, he said. 
Ico insights

INSIGHTS

SPONSORS' CONTENT
Kellyerola headshot lcflc

What Is LifeCare?

Kelly Erola - Lower Cape Fear LifeCare
Billcoleman lopw headshot

Humility, Decisions And Risk

Bill Coleman - Live Oak Private Wealth
Chris coudriet

New Hanover County Makes Plans & Partnerships To Invest $45 Million In The Community

Chris Coudriet - New Hanover County Government

Trending News

Chef Serving Up Another New Restaurant To South Front District

Jessica Maurer - Apr 15, 2021

Taking A Closer Look At PPD, Thermo Fisher Deal

Christina Haley O'Neal - Apr 15, 2021

City Council Set To Consider $625K Property Purchase In Downtown's Northern Gateway

Christina Haley O'Neal - Apr 16, 2021

PPD Headquarters: A Big Building With A Bigger Impact

Cece Nunn - Apr 16, 2021

Publisher’s Note: The Mixed Emotions Of PPD's Deal

Rob Kaiser - Apr 16, 2021

In The Current Issue

Dropping In On Child-care Business

The Richards have taken the concept they developed in 2008 with their first Wilmington location and opened franchises in both North and Sout...


Pharmaceutical Pipeline

Alcami Corp. is a Wilmington-headquartered contract development and manufacturing organization (CDMO) with expertise in drug development fro...


Info Junkie: Cynthia Walsh

Cynthia Walsh, CEO of the Brunswick County Association of Realtors, shares her top tech and info picks....

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