Print
Retail

Cape Fear Formal Wear Has New Owners, Location

By Christina Haley O'Neal, posted Jan 9, 2018
A longstanding men’s tuxedo shop and retail store previously located in downtown Wilmington has new owners and has relocated to the University Centre shopping center on South College Road, with plans for a grand reopening this weekend.

Jason Sellars and Chuck Ogiba, partners of Coastal Tux LLC, have purchased Cape Fear Formal Wear, which had a location at 218 N. Third St., the couple announced Monday.

The store's new location is 412 S. College Road in University Centre near Sam’s Club and next to Beautiful Brides.

Ogiba said Tuesday that they chose the University Centre location for Cape Fear Formal Wear, "because the space size was perfect."

"We were looking for something around the 1,000- to 1,200-square-feet size, and it turned out that we were right next to a bridal shop. That was kind of another lure, that we had a similar business next to us," he said.

The new owners have signed a five-year lease for the 1,200-square-foot retail shop, Ogiba said. Eastern Carolinas Commercial Real Estate represented the shopping center in the lease.

Agreements for the sale of Cape Fear Formal Wear, for an undisclosed amount, have been underway for about a year between the new owners and former owners Jeff and Jeanne Hovis, according to a news release. Sellars and Ogiba also purchased the name Cape Fear Formal Wear.

Jeff Hovis, a Realtor and commercial broker with Intracoastal Realty and previously the president and CEO of Cape Fear Formal Wear, closed the doors to the store's Third Street location in late-November, after it had served the Wilmington community for more than 40 years.

The former downtown retail property was sold for $1.15 million to Port City Hospitality LLC, the hotel developers behind the Hampton Inn by Hilton Wilmington/Downtown at 225 Grace St.

Jeff Hovis closed the Third Street location with plans to transition the formal wear services to a new, locally connected company, he previously said.

Ogiba said he and Sellars “plan to maintain the same excellent standards of customer service provided by the business for decades while bringing a modern vision to the styles and accessories available.”

The space includes 600 square feet of retail and 600 square feet of warehouse space for tuxedo rentals and future offerings.

Renovations to the building, which was previously a yogurt shop, are expected to include adding three dressing rooms and a space where guests over the age of 21 can sip and shop for their big occasion, Ogiba said.

Sellars will be heading the business, as Ogiba said he will be maintaining his social worker position at New Hanover Regional Medical Center.

Sellars said he has had a passion not only for men’s fashion but also culinary arts, having worked in the Wilmington area as a chef for more than 30 years.

More recently, Sellars has been learning to sew and describes the “excellent timing of this opportunity” with plans to implement alterations in the business in the future, the release said.
 
Ogiba said additional plans include adding retail with "specialty lines that are not available anywhere else in Wilmington."

“That’s sort of the future we are looking toward. And with Jason -- with his sewing skills -- we’re trying to get into alterations,” Ogiba said.

The grand opening of the new location of Cape Fear Formal Wear is scheduled for Saturday. Business hours will be 10 a.m. to 6 p.m. Monday through Saturday with expanded hours during peak business seasons, Ogiba said.

Story On The Map

Ico insights

INSIGHTS

SPONSORS' CONTENT
Rob20beale2 311791810

The Key to Project Success

Rob Beale - W.M. Jordan Company
Aaeaaqaaaaaaaaidaaaajdhiztrkodm0lte2yjetngrkmy1hotrmltawmdvlmwqyztmymw

Grab Wilmington’s Best-Kept Talent Secret Before They Head Off to Bigger Dreams

Diane Durance - UNCW Center for Innovation and Entrepreneurship
Hardyheadshot

Start Your Doctor of Nursing Practice Degree to Get Ahead of the Curve

Charles Hardy - UNCW College of Health and Human Services

Trending News

Cameron Apartment Project Rezoning Request To Come Before Planning Board

Jenny Callison - May 23, 2019

New Tenants Announced For Leland Retail Center

Cece Nunn - May 23, 2019

With More Businesses Opening, South Front District Close To Full Occupancy

Johanna Cano - May 23, 2019

Reprisal Crew Readies For Action In Wilmington

Jenny Callison - May 24, 2019

Local Communications Co-op Offering Wireless Service Again

Johanna Cano - May 24, 2019

In The Current Issue

Battleship North Carolina Unveils Its New Dock

A new dock will give Battleship North Carolina visitors a fresh angle to experience the World War II vessel, moored at 1 Battleship Road....


Trattoria On Market St. Savors Popularity

The eggplant Parmesan is so popular at Rosalie’s Trattoria, the restaurant can’t keep the vegetable in stock, said owner Al Cervini....


Officials Forecast Hot Summer Travel Season

Marketing efforts by the Wilmington and Beaches Convention & Visitors Bureau (CVB), coupled with mended tourist attractions, are behind the...

Book On Business

The 2019 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`
Transporting the Future - Power Breakfast 3.12.2019
Health Care Heroes 2018