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Real Estate - Commercial

Plans Call For Mixed Use Building With 8 Stories In Downtown Wilmington

By Cece Nunn, posted Feb 20, 2017
Developers have submitted site plans to the city that show an eight-story mixed-use building proposed at Second and Grace streets in downtown Wilmington.

The site plans by Paramounte Engineering Inc. and LS3P Associates describe a proposed retail/residential project that incorporates underground and above-ground parking on a little more than an acre next to a new Hampton Inn hotel. The site is bordered by Grace, Second and Walnut streets. 

In addition to 120 residential units and 29,000 square feet of retail space, the site plans say the project, called Riverbend 2nd & Grace in the documents, would come with 96 below-grade parking spaces and 474 above-grade parking spaces.

The plans say the owner of the land is Riverbend #1 LLC, managed by James Kirkpatrick of West End, North Carolina, according to the N.C. Secretary of State's Corporations Division records.

Efforts to reach Kirkpatrick were not immediately successful Monday afternoon.

The new structure would be connected to the office building at 319 N. Third St., known as the Bank of America building, through a one-way private alleyway, the site plans show. Riverbend #1 bought the office building at 319 N. Third St. for nearly $8 million in 2015, according to New Hanover County property tax records. 

The Riverbend 2nd & Grace site plans are tentatively scheduled for a March 9 review by the city's Technical Review Committee, according to Wilmington's project tracking website.

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