Print
More News

City Staff Recommends Moving Forward With $90M Proposal

By Christina Haley O'Neal, posted Oct 14, 2019
East West Partners' $90 million mixed-use proposal will go before city council this week. (Image courtesy of the city of Wilmington)
Wilmington City Council is slated to consider a resolution that would advance a $90 million mixed-use development proposal for Wilmington's northern downtown entrance submitted by River Place developer East West Partners.

City staff is recommending acceptance of East West's proposal for redeveloping four city-owned properties at 1020, 908 and 922 N. Front St. and 901 N. Third St., according to city documents.

A resolution slated for city council's consideration recommends it authorize the city manager to enter into a memorandum of understanding (MOU) with East West Partners in an exploration period for the project. A purchase and development agreement (PDA) is expected at the end of the exploration phase, the city document states.

The developer's plans include three multistory buildings and green space on about 4 acres located at the north entrance to the city, which officials have dubbed the northern gateway.

The plans include a 72,000-square-foot hotel with more than 120 rooms; a 9,000 square-foot visitors center; residential space with 194 units, 5% of which are proposed to be affordable; a 31,000-square-foot grocery store; and parking.

East West Partners' proposal was the only one received by the city in response to its request for development proposals for the properties. That period ended in late August.

East West Partners is currently leading the 13-story River Place project, a more than $80 million development, under construction on Water Street.

Should city council approve the resolution Tuesday, an MOU could be developed and go before council for review in mid-February and a PDA could go before council sometime in mid-August, said Erris Dunston, assistant to the city manager for economic development, following council's agenda briefing Monday.

The council is scheduled to meet at 6:30 p.m. Tuesday at Wilmington City Hall, 102 N. Third St.
Ico insights

INSIGHTS

SPONSORS' CONTENT
Headshot2 3182020512

How To Protect Your HVAC From Hurricanes

Chris Jones - Green Dot Heating & Air
Chris coudriet

New Hanover County Offers Expertise And Resources For Safe Reopening

Chris Coudriet - New Hanover County Government
Dallas headshot 300x300

Realistic Timelines

Dallas Romanowski - Cornerstone Business Advisors

Trending News

Downtown Wilmington Restaurant Closes Permanently

Jessica Maurer - Jun 3, 2020

Joint Venture Buys Private Marine Terminal In Wilmington

Christina Haley O'Neal - Jun 4, 2020

Flying Machine Brewing Co. Expanding To Wrightsville Beach

Jessica Maurer - Jun 3, 2020

Oak Island Publix: One Of Two New Stores To Open Since Chain's Virus Decision

Cece Nunn - Jun 3, 2020

California-based Tech Company Opens An Office In Wilmington

Johanna Cano - Jun 4, 2020

In The Current Issue

Goudarzi Reopens Scarless Vein Care In Leland In May

Surgeon Kamran Goudarzi is relaunching his Scarless Vein Care as an independent boutique practice. Click for more....


Survey Shows Downtown Economic Loss

A recently released economic study conducted by Wilmington Downtown Inc. shows more significant job and sales losses for some downtown busin...


Entrepreneur Pivots To Offer PPE

The CEO of Hensler Surgical Technologies LLC launched a new entity to sell personal protective equipment....

Book On Business

The 2020 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2020 Leadership Accelerator: Virtual Workshops for Real Leaders
2019 Health Care Heroes
August 26, 2019 Power Breakfast: A Healthy Sale?
2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`