Driving through Wilmington and noting the increased density, along with the many other changes that have taken place over the years, I’m often struck by the quote from Mark Twain, advising to “buy land, they’re not making it anymore.”
The lack of space for new development and infill projects is certainly a problem that we are currently facing, and one that is (obviously) not going to go away. This is why adaptive reuse projects are so essential to the economic prosperity and viability of our region moving forward.
Taking the long history of Wilmington into account, it’s not all that unusual to see large commercial buildings go vacant and then remain available on the open market for months, sometimes years. Part of the explanation for this is that these properties were designed with a unique business in mind, that they would take extensive up-fitting to accommodate something new, and there is a relatively small pool of buyers searching for these types of properties.
This is where the expertise and creativity of our commercial REALTORS® really shines, because ‘the next big thing’ is only a step away from the current reality. All it takes is someone with the vision to dream big and see what’s possible, when others may only see dead ends. Just consider the following examples:
Law Firm Relocates From Downtown To Autumn Hall
Staff Reports
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Jan 31, 2023
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Aiming To Possibly Revive Project Grace, Firm Seeks Business, Community Support
Cece Nunn
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Jan 31, 2023
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Stone Distributor Slated To Purchase Land In County Business Park
Johanna F. Still
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Feb 1, 2023
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Rangers Minor League At Play: Will Leland Win Where Wilmington Struck Out?
Johanna F. Still
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Feb 2, 2023
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At Riverlights, Independent And Assisted Living Development On The Way
Cece Nunn
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Feb 2, 2023
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Like every other aspect of banking, mortgage lending continues to change as technology streamlines processes and gives would-be borrowers ac...
Winter is bowling’s peak season in Wilmington, where it's tough for indoor venues to compete with the beach during the summer....
Developed by the Wilmington Chamber of Commerce, the Career and Leadership Development Academy will graduate 42 students in its inaugural cl...
The 2023 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.