Print
Real Estate - Commercial

Mixed-use Project On Oleander Drive Moves Forward

By Johanna Cano, posted Mar 21, 2019
Plans submitted to the city of Wilmington show a mixed-use commercial development proposed to replace a former movie theater on Oleander Drive.
A rezoning request from developers proposing a commercial mixed-use project on Oleander Drive, which would replace a vacant movie theater and parking lot, moved forward this week.

The request, which was given the green light by the city's Planning Commission on Wednesday night, would rezone the property on 5335 and 5429 Oleander Drive from Community Business District to O&I-1, an office and institutional district.

The proposed project would consist of three, four-story buildings housing 5,600 square feet of commercial and retail space and 223 apartments, according to proposed site plans submitted to the city.

The owner of the 8.9-acre property is Oleander Investments LLC and the applicant is Evolve Companies, a property management company in Greensboro.

Efforts to reach a representative with Evolve Companies for details on the project were not successful as of Thursday afternoon.

Proposed plans also show the addition of a bicycle and pedestrian connection to French Road, a new traffic signal at the intersection of Oleander and Englewood Drive and about 421 parking spaces.

The Planning Commission’s case review stated that Oleander Drive traffic is operating above its design capacity with an F level of service. A vehicle connection to French Road would help offset the congestion on Oleander Drive, according to the case review.

The rezoning would allow a multi-family component to replace the residential units that were eliminated overtime on Oleander Drive as that corridor became more commercial, according to applicant comments in the District Rezoning application.

The applicant also stated that the project will enhance an unsightly portion of Oleander and include investments that will revitalize the area and make it friendlier for pedestrians.

The city council’s decision on the rezoning is scheduled for April 2.
Ico insights

INSIGHTS

SPONSORS' CONTENT
Img 1576c1

What We Think is Unique About Our Firm

Eddie Nowell - South Atlantic Capital Management Group
Hardyheadshot

Start Your Doctor of Nursing Practice Degree to Get Ahead of the Curve

Charles Hardy - UNCW College of Health and Human Services
Alyce 4 april242017

Investors with A Cause Can Put their Money Where their Hearts Are

Alyce Phillips - Old North State Trust LLC

Trending News

At Mayfaire, New Physical Therapy Facility Throws Out Insurance Model

Cece Nunn - Jun 24, 2019

Renting Continues To Get More Expensive In Wilmington, Data Shows

Cece Nunn - Jun 24, 2019

Brunswick Home Sales Close To Last Year's Levels In May, Realtors Report

Cece Nunn - Jun 24, 2019

In The Current Issue

Chen Puts Final Touches On Ramen Shop

Johnny Chen, the food entrepreneur who brought sushi to downtown Wilmington more than 15 years ago with his first Nikki’s restaurant, has ag...


Selling Iconic Property On Iconic Island

More than 30 years later, Buzzy Northen and his wife, Ellen Northen, are still in love with Figure Eight Island. “It’s just heaven,” Buzzy N...


Interest In Solar Brightens

From residential and commercial to utility-scale solar operations, some in the industry say solar has become more than just an environmental...

Book On Business

The 2019 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

Power Breakfast - The H Word (June 13, 2019)
2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`
Health Care Heroes 2018