Print
Real Estate - Commercial

Cold Summit Development Submits Plans For Cold Storage Facility 

By Johanna F. Still, posted Jun 9, 2022

Cold storage developer Cold Summit Development has submitted plans for the first phase of its proposed facility next to the Port of Wilmington. 

The project is being planned on undeveloped property owned by the N.C. State Ports Authority off Raleigh Street.

Plans submitted to the city of Wilmington include a roughly 289,200-square-foot distribution center with loading docks and office space. 

In August 2021, the firm and the ports authority reached an agreement regarding the development.

“The facility would offer 40,000 pallet positions and could house a broad range of product categories, including pork, poultry, produce, grocery as well as life sciences at temperatures ranging from negative 20 degrees Fahrenheit to 57 degrees Fahrenheit,” the authority announced at the time. 

A second phase with an added 160,000 square feet and 17,000 pallet positions featuring an even colder temperature range is also planned. Per the agreement, the developer has 15 months to begin construction on the first phase, which must be completed no later than 25 months from its signing, a ports spokesperson previously told the Business Journal (this equates to roughly start and finish dates of November 2022 and September 2023. 

The $145 million planned investment will support perishable imports and exports with its flexible building design. “With the flexibility our facilities provide, the product flow can change over the years to meet consumer demand, and our building is able to simply adapt to meet the demand or current consumer environment,” Cold Summit Development CEO Scott Pertel said in a statement earlier this month. 

Once complete with the first phase, Cold Summit will notify the ports authority of its plans to carry out the project’s second phase. 

Stay tuned for more on the trend of cold storage development in this month's WilmingtonBiz Magazine. 


 
Ico insights

INSIGHTS

SPONSORS' CONTENT
Marlowefoster

Affordable Housing Is Infrastructure

Marlowe Foster - Cape Fear Habitat for Humanity
Untitleddesign14

Efforts Underway to Address Healthcare Workforce Shortages

Jack Watson - University of North Carolina Wilmington, College of Health and Human Services
Headshotrosaliecalarco 1182131047

Beware of Online Holiday Shopping Scams

Trending News

City To Consider New Leases For Fintech Firm, Senator's Office

Emma Dill - Jul 15, 2025

Leland-based Firm's Product Earns Innovation Award

Staff Reports - Jul 15, 2025

Tree Alliance Announces New Board Members

Staff Reports - Jul 15, 2025

Ullucci Named Founding Director Of Physical Therapy Doctoral Program

Staff Reports - Jul 15, 2025

TD Bank Promotes Johnson To Retail Market President Of Mid-South Metro

Staff Reports - Jul 15, 2025

In The Current Issue

At Greenfield Lake, Changes Abound

The amphitheater improvements included installing more than 2,600 square feet of synthetic lawn inside a new fenced area, adding just over 5...


Show Goes On For Training Programs

Duke Fire, the program director of film and video production at Cape Fear Community College, said there’s uncertainty about when things will...


Unraveling A Film Industry Slump

The slowdown has affected the number of projects being shot in the area, and more attractive incentives offered by other countries have also...

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