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
Mikeharrington carolinaretreats 2

Fall Vacation Rentals and Rising Cost of Real Estate

Mike Harrington - Carolina Retreats
Kellyerola headshot lcflc

Hospice Care in Nursing Homes Provides Needed Specialized Care

Kelly Erola - Lower Cape Fear LifeCare
Junegunter teachinghorse headshot 5721115557

What Is Next?

June Gunter - TeachingHorse

Trending News

Avelo Plans New Florida Nonstops Out Of ILM

Miriah Hamrick - Mar 30, 2023

Wawa Gas Station Proposal On City Planning Agenda

Staff Reports - Mar 30, 2023

Despite Banking Headwinds, NCino Reports Steady Growth In Sales

Jenny Callison - Mar 29, 2023

Riverfront Farmers’ Market Returns To Dock Street For 20th Season

Miriah Hamrick - Mar 29, 2023

Tech Roundup: New Software Platforms, STEM-ILM Event And Tech Awards Deadline

Johanna Cano - Mar 29, 2023

In The Current Issue

Swinging Big With Custom Golf

Cameron Lee sees a lot of parallels between golf and life: You have to make good decisions, evaluate risk versus reward, be smart and be hon...


Brunswick Rides Wave Of Tourism Boost

This spring, new TV advertisements for Brunswick County’s island beaches will run in markets across the mid-Atlantic region, including citie...


Growing South

Areas throughout southern Brunswick County are seeing an increase in residents and development, leaving municipalities looking at how to pla...

Book On Business

The 2023 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2023 Power Breakfast: Major Developments