Print
Real Estate - Residential

Developers: River Place Reaches Milestone

By Cece Nunn, posted May 14, 2019
Construction is progressing on River Place (shown above in a rendering), with the structural framing of the development's south tower complete. (Rendering courtesy of River Place)
Officials with East West Partners, developers of downtown Wilmington’s River Place, said Tuesday that the structural framing of the mixed-use project’s south tower is complete. 

"At 13 stories, the south tower includes one level of parking, the restaurant pavilion, retail space and 58 of the 92 total condominiums in the project, representing some 150,000 square feet of the project’s overall 488,000 square feet," the release stated.

Chapel Hill-based East West is creating River Place, formerly home to the defunct Water Street parking deck at 200 N. Water St., in partnership with the city of Wilmington in a project projected to cost more than $80 million.

The project's next steps include framing the exterior and interior of each floor; installation of plumbing, mechanical and electrical systems; exterior sheathing for waterproofing and insulation barriers; exterior brick cladding; and window installation, the release stated.
 
The first dwellings in the south tower are expected to be ready for occupancy by early in the first quarter of 2020, with the remaining 34 condominiums surrounding the parking deck completed shortly thereafter, according to the release.

The parking deck is on track for a late 2019 completion, officials said. 

“With 100 inches of rain and the impact of Hurricane Florence, we are delighted to have reached this stage with our schedule still intact,” stated Lucien Ellison, managing partner of East West Partners, in the release. 
 
According to the release, vertical construction for River Place began in November 2018 and progressed at an average of one story every two weeks with structural steel and concrete framing.

“There are a number of subcontractors on site working concurrently to either meet or exceed our construction schedule," Ellison said in the release.

In February, brokers annouced that Mellow Mushroom pizza restaurant has joined the commercial tenant roster for River Place.
 
Ico insights

INSIGHTS

SPONSORS' CONTENT
Russell 102218124439

How Can I Sue Someone After the Statute of Limitations has Run in NC?

Russell Nugent - The Humphries Law Firm
Mc2 56882

2019 Homebuilding Market Demand & Pricing

Scott Byers - Majestic Kitchen & Bath Creations
Headshot 1016184145

Functional Expense

Ryan Skuce - Earney & Company, LLP

Trending News

For $4.4M, Investors Buy S. College Road Center, Plan Improvements

Cece Nunn - May 17, 2019

Four Wilmington-area Companies Make Inc.'s Best Workplace List

Johanna Cano - May 16, 2019

Downtown Hotel Owners Propose New Building With 45 More Rooms, Retail Space

Cece Nunn - May 16, 2019

WAHA Kicks Off Membership Drive

Sherri Crawford - May 17, 2019

New UNCW Center Looks At Future Of Selling

Jenny Callison - May 17, 2019

In The Current Issue

Curiosity Sparks Engineer's Career

On a day in Wilmington about four decades ago, elementary school student Ron Sparks asked a pharmacist a question, then watched as the blood...


Columbus Ship Replica Comes To Wilmington

Modeled after the Santa Maria, the Nao Santa Maria has been on display at Port City Marina...


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....

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