Print
Real Estate - Commercial

Northern Gateway Project Remains On Hold For Now

By Cece Nunn, posted Apr 23, 2021
Illustrative sketches were submitted as part of East West Partners' 2019 proposal for the Northern Gateway Project. (File rendering)
A city of Wilmington plan to work with a developer on transforming the city's northern gateway remains on hold for now.

Wilmington City Council on Tuesday voted for city officials to proceed with buying a parcel deemed necessary to incorporate into the Northern Gateway Project. 

The city is assuming the option to purchase the .39 acres at 1019 N. Third St. that was previously held by East West Partners. EWP is the developer of River Place in downtown Wilmington and the firm whose proposal for the Northern Gateway Project officials accepted in 2019.

Lucien Ellison, senior managing partner for EWP, said last week that until city officials and his firm can agree on purchase and development terms for the gateway project, it makes sense for the city to close on and control the $625,000 property at 1019 N. Third St. 

EWP's $90 million gateway proposal includes the potential for res­idential units, retail space, a hotel, a grocery store, a visitors center and parking decks. The project would be a public-private partnership between EWP and the city.

"Circumstances related to the pandemic caused progress on the gateway project to pause," said Jennifer Dandron, city spokeswoman, in an email this week. "The city does intend to bring the project to fruition, but that timeline will hinge to some degree on real estate market conditions as we emerge from the pandemic."

Ellison had a similar comment last week.

"When the pandemic started, the City of Wilmington understandably put the Gateway project on hold. Since then we have had discussions about restarting the process, but there is still not a clear path forward," he said.

Further explaining the importance of the Northern Gateway Project property, Dandron said, "As a key gateway location, the city has a significant interest in a high-quality development on this site that meets identified community needs and contributes to the city’s overall convenience, appearance, and quality of life."

The other city-owned properties that would be part of the project are 1020, 908 and 922 N. Front St. and 901 N. Third St.

The next step for the city would be to enter into a memorandum of understanding with EWP.

"Any future decisions would be made by council," Dandron said.
Ico insights

INSIGHTS

SPONSORS' CONTENT
Mel wideopentech headshot

How Technology Is Improving Franchise Operations

Mel Beasley - Wide Open Tech
Mike stonestreet 300x300

Community Association Records: What Members Are And Aren't Entitled To See

Mike Stonestreet - CAMS (Community Association Management Services)
Aarp suzanneheadshot 300x300

Mental Health Resources For Veterans And The Military

Trending News

Airport Authority Votes Out ILM Director Julie Wilsey

Christina Haley O'Neal - Jun 10, 2021

In Pender County, More Than 1,000 Acres Sold To Homebuilder, Partners

Cece Nunn - Jun 10, 2021

Officials Name Interim Airport Director, Form Search Committee

Cece Nunn and Christina Haley O'Neal - Jun 11, 2021

Corbett Package Co. Officials Mull Next Steps For Former Milling Site

Christina Haley O'Neal - Jun 11, 2021

Wilmington-based Real Estate Firm Opening Office In Hampstead

Cece Nunn - Jun 11, 2021

In The Current Issue

NHRMC Forming Community Advisory Group

As part of its acquisition by Novant Health, NHRMC is putting together an advisory council made up of community members from the tri-county...


Calling For Diversity In Financial Services

In a time when companies of all sizes are taking a close look at the makeup of their workforce and leadership, how are banks – traditionally...


Apple News Could Bear Local Fruit

There are several areas in which Apple and its announcement of a company location in Wake County could impact the Cape Fear region....

Book On Business

The 2021 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

Trying to Grow a Business?
2020 Health Care Heroes
2020 WilmingtonBiz 100