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Real Estate - Residential

Barclay West Developers Would Focus Initially On Apartments

By J. Elias O'Neal, posted Jun 5, 2013

Multifamily units could be the first of many projects constructed at the proposed Barclay West, if city leaders approve a mammoth rezoning of 300 acres near the Cameron Art Museum for the master planned development.

Officials with Cameron Management Inc., which owns the property, is seeking four types of zoning from the Wilmington Planning Commission, which is slated to hear the rezoning request at its meeting Wednesday night. The board will forward its recommendation to the city council, which has the final approval on the rezoning.

The land is currently zoned planned development, according to city records.

Hill Rogers, broker-in-charge at Wilmington-based Cameron Management, said earlier this week that if the rezoning is approved, developers could start construction on a number of apartments within six months to a year, given the region’s continued demand for multifamily rental units.

“It’s all going to be market driven,” Rogers said. “It’s not as if this is all going to happen at once.”

Cameron Management’s plans call for the densely wooded parcel, which is bisected by Independence Boulevard and sits between South 17th Street and Carolina Beach Road, to be transformed eventually into 133 acres of office and institutional space; 84 acres of regional business; 72 acres of multifamily housing and four acres for community business.

Development officials would like to build out the entire development by 2027, according to planning documents. 

Rogers said officials hoped to add 1.5 million square feet of retail, 1.5 million square feet of offices, 40,000 square feet of restaurant space, 25,000 square feet of retail and 1,375 apartment units – a development that would rival Mayfaire Town Center.

While there are no specific site plans yet for the land, Rogers said the firm’s request follows the city’s future land use plan, which calls aggressive, dense infill development of many large-scale parcels that remain in the city. He added that infrastructure improvements made to the South 17th Street and Independence Boulevard intersection over the years would help accommodate increased traffic around the future development.

The planning commission meeting begins at 6 p.m. at City Hall, 102 N. Third St.

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