Print
Real Estate - Commercial

Developer Buys Downtown Property Next To Former Coca-Cola Bottling Site

By Cece Nunn, posted Sep 16, 2016
The same developer who purchased the former Coca-Cola bottling facility recently bought the adjacent property at 909 Market St. (Photo by Cece Nunn)
The developer who bought the former Coca-Cola bottling facility in downtown Wilmington at the end of last year recently bought the adjacent property at 909 Market St.

Osprey Lands LLC paid $1.1 million to purchase the site where the Wilmington office of WK Dickson & Co., a planning, design, and engineering consulting firm, is located. The previous owner of the property was PSP Properties LLC.

Jim McFarland of Osprey Lands LLC said Friday that the 1.79 acres at 909 Market St. could potentially be the site of a new drug store in the future. He's working with drug store chains on the possibility, and said he's optimistic about bringing one of them to the property.

McFarland said he's also focused on attracting a grocery store to the former Coca-Cola bottling facility property that his company bought in December, which is adjacent to 909 Market St.

"I believe we are on the cusp of an announcement of who it [the grocery store] will be," McFarland said. "There's no doubt in my mind that that is the most needed thing in that area, and it will be the biggest game-changing driver of that area."

In McFarland's 909 Market St. purchase, he was represented by Jonathan Washburn, a broker with Coldwell Banker Commercial SunCoast and an attorney who also handled the closing. Will Leonard and Hank Miller of Cape Fear Commercial represented the seller.

On Saturday, the city of Wilmington and the local consulting firms the city has hired are hosting a workshop to gather community ideas on what they want to see in the area that includes the former Coca-Cola bottling facility and McFarland's most recent purchase. The area has been referred to as the Soda Pop District and includes 9th through 11th streets from Chestnut to Market streets.  

Phil Prete, senior planner with the city of Wilmington, said the workshop will help produce a concept plan that includes suggestions for redevelopment, streetscape improvements and other input.

Story On The Map

Ico insights

INSIGHTS

SPONSORS' CONTENT
Screenshot2022 01 06at338 162234623

Food is the Foundation for Prosperous Communities

Girard Newkirk - Genesis Block
Tommytaylor ceo unitedway

How Philanthropy Fits Into Your Financial Plan

Tommy Taylor - United Way
Jimheadshot

The Wilmington Construction Market: Trends, Recognition, and Challenges

Jim Hundley - Thomas Construction Group

Trending News

Beverage Manufacturer To Occupy Former Tru Colors Facility In Wilmington

Audrey Elsberry - May 6, 2024

Wilmington Leaders To Consider Skyline Center Lease, Debt Payment

Emma Dill - May 6, 2024

In The Current Issue

CEA Technology Winner: UNCW Grad Hooks Catchy Idea

Landon Hill's Local Catch app looks to streamline communication between stakeholders in the local fishing and seafood industry....


CEA Health Care Winner: Tech Helps Fight Fatal Infection

The intersection of medicine and technology sits at the core of Morris Nguyen's biotech startup, Predicate Healthcare Performance Group (HPG...


Surgeon Performs Newer Type Of Bariatric Surgery

Wilmington Health’s Jayme Stokes recently successfully performed the first SADI-S procedure in the region, according to the practice....

Book On Business

The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2024 Power Breakfast: The Next Season