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:
Passenger Rail Study Picks Eastern Route
Emma Dill
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May 3, 2024
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Entrepreneur Brings Young Tech Startup From Triangle To Wilmington
Audrey Elsberry
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May 3, 2024
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Biden To Announce National $3B Lead Pipe Replacement Project In Wilmington Visit
Audrey Elsberry
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May 2, 2024
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The Husk, YoSake Sell In Downtown Wilmington
Jessica Maurer
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May 3, 2024
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UPDATE: Biden Shares Details On National Lead Pipe Funding At Wilmington Talk
Audrey Elsberry
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May 2, 2024
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Landon Hill's Local Catch app looks to streamline communication between stakeholders in the local fishing and seafood industry....
Novant Health Heart & Vascular Institute has incorporated a recent FDA-approved treatment for AFib, or atrial fibrillation, as an option for...
Greenfield Energy officials want their company to address the challenges of an unpredictable coastal climate. As a result, they tested their...
The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.