Print
Real Estate - Commercial

On Former Driving Range, Developers Anticipate Breaking Ground This Year

By Cece Nunn, posted Jun 10, 2022
A site plan shows the layout of amenities at The Range on Oleander. (Courtesy of East West Partners)
On the site of a former driving range on Oleander Drive in Wilmington, developers expect to break ground this year on 345 apartments.

The Range on Oleander, which will include about 14,000 square feet of commercial space in addition to the residential units and amenities, could be on the rise by September, said McKay Siegel of development firm East West Partners, who leads Wilmington area projects for the company.

Siegel said he anticipates the project taking about 20 months to complete the first of seven buildings, with a completion estimate of 2024.

Within the development, 10% of the units will be offered at workforce housing rental rates, a feature that gave East West the ability to create a higher-density community within the site's zoning classification.

The property, about 15 acres at 5026 Oleander Drive and bordered by Wilmington Municipal Golf Course, was rezoned early this year.

The East West Partners rezoning application stated, "Whether or not they have to drive 5 miles or 25 miles to their destination will in no small part determine the future built environment of our city. To that end, 5026 Oleander Drive is a site that is centrally located within the city at a time when we need to be mindful of how and where to house more people."

Siegel said Thursday, "As Wilmington sites go, it’s one of the better apartment locations."

He said the development team is starting to market the commercial space, which he expects to hold a restaurant, and the space is being marketed by Patrick Riley of Wilmington-based commercial real estate firm Cape Fear Commercial.

The project is under technical review with the city of Wilmington, and developers are pursuing permits at the same time, Siegel said.
 
Ico insights

INSIGHTS

SPONSORS' CONTENT
2022052 75 142344351

Bridging Futures: The Case for Toll Funding in Wilmington’s Cape Fear Memorial Bridge Revamp

Natalie English - Wilmington Chamber of Commerce
Web awstaffpic2020 1 132245438

The 2024 Luncheon for Literacy featuring Special Guest Jason Mott

Alesha Edison Westbrook - Cape Fear Literacy Council
Untitleddesign7

Mastering ARC Applications: Best Practices for HOA Board Members

Dave Orr - Community Association Management Services

Trending News

Passenger Rail Study Offers New Details About Proposed Wilmington To Raleigh Route

Emma Dill - Apr 22, 2024

Severe Weather Postpones Trump Rally In Wilmington

Emma Dill - Apr 20, 2024

Will NC Be CNBC's Three-time Top State For Business?

Audrey Elsberry - Apr 22, 2024

In The Current Issue

Info Junkie: Lydia Thomas

Lydia Thomas, program manager for the Center for Innovation and Entrepreneurship at UNCW, shares her top info and tech picks....


Funding A Food Oasis: Long-awaited Grocery Store Gains Momentum

With millions in committed funding from New Hanover County and the New Hanover Community Endowment, along with a land donation from the city...


Surf City Embarks On Park’s Construction

“Our little town, especially the mainland area, is growing by leaps and bounds. So having somewhere else besides the beach for kids to go an...

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