Real Estate - Commercial

Commercial Real Estate Projects Honored At Cape Fear CREW Awards

By Staff Reports, posted Feb 16, 2023
The winners of the fifth Annual Awards of Excellence presented by Cape Fear CREW were honored Thursday at the Wilmington Convention Center. (Photo by Page Productions)
A Wilmington commercial real estate group on Thursday announced the winners of its Awards of Excellence during the program's fifth annual ceremony.

Cape Fear Commercial Real Estate Women (CREW) revealed the projects and individuals who earned the top prizes during a lunch event attended by nearly 300 at the Wilmington Convention Center. 

"This year’s field of submissions and finalists exceeded our expectations and the level of complexity and attention to detail on each was
extraordinary," said Julie Dixon of Live Oak Bank, who is president of Cape Fear CREW this year, in a release.

The presenting partner for the event was Live Oak Bank.

"We share a passion for this community, and I think what's interesting to me as I was reflecting on this is what comes with that passion is also responsibility," said Huntley Garriott, president of Live Oak Bank, in remarks before the awards presentation. "Commercial real estate sits in the intersection of economic development and community development, and you all see this every day."

The winners were as follows, with descriptions of the projects that were shared at Thursday's event:

Best Design Award: Aloft Wilmington at Coastline Center
"The 122-year-old Atlantic Coastline Railroad building served as the railroad’s headquarters from the 1900s-1960s. Great care in the construction of Aloft Wilmington was taken to preserve heavy-timber elements for the renovation of the historic building while converting it into usable space that serves as the hotel’s main lobby, bar, offices, event space and exercise room. A seven-story tower was constructed and connected to the original office space and warehouse and serves as the hotel’s kitchen, guest rooms, back of house, and a luxurious rooftop bar with spectacular views. The Aloft owner’s father was a longtime employee of the railroad and maintaining the railroad’s legacy in downtown Wilmington was a key facet of this project’s design. The owner was able to add some personal touches such as marbleized epoxy flooring and the repurposing of interior brick walls throughout the lobby."

Dealmaker Award: The Soda Pop Transaction
"This transaction involved the acquisition of 22 parcels in the up-and-coming Soda Pop District. The acquisition represents the largest contiguous land assembly in Wilmington's UMX district. The properties include office, warehouse, retail, and vacant land of varying conditions. Due to the unique and complex nature of the project site, the team dealt with numerous complexities. These complexities included off-market acquisition after years of negotiation with the seller, navigating the deal during the time when the City land use code was being rewritten, and securing financing for 3 different projects in the different buildings. To date, Parastream has leased 68,000SF, welcoming new businesses such as Bowstring Restaurant and Bar, Craftspace, Beach and Barn, Classic Kitchens and Baths, Patriots Roofing, Marine Bean WARM, Starz Movies and A Safe Place."

Best Development Award: The Cargo District
"The Cargo District development began as a vision to revitalize Queen Street and the surrounding area. The Cargo District is designed as an urban live & work development located minutes from historic downtown Wilmington and is comprised of retail, dining, co-working, and residential uses. The development is constructed with re-purposed Quonset huts and shipping containers. This innovative engineering and construction are patented by Cargo District owner and developer, Leslie Smith. The Cargo District is home to a wide variety of businesses and creatives such as Alcove Beer Garden, The Starling, Coworx Coworking, and the Mess Hall, just to name a few. Through innovative design and construction, The Cargo District has become one of the top social hubs in Wilmington and has become known for supporting small businesses through an uplifting and creative community."

Economic and Community Enhancement Award: International Commerce Center I
"International Commerce Center is a large, two-phased, multi-tenant industrial facility located within the International Logistics Park just 18 miles from the North Carolina State Port of Wilmington. Phase I includes a fully-leased 150,660-square-foot facility and Phase II is projected to add an additional 133,920 square feet of space to the development. The development will employ a number of skilled workers with an average salary well above the average Brunswick and Columbus County annual wages. Accordingly, this development is anticipated to have a substantial positive impact on nearby communities and is expected to grow the State's economy by more than $301 million over a 10-year time period. The facility has already attracted local companies aiming to expand their footprint like Tri-Tech Forensics, as well as larger
out-of-state names such as California aerospace company Precision Swiss."

Career Advancement for Women: The College Access Team at Girls Leadership Academy of Wilmington
"For students at GLOW, the obstacles to a college education are real, with many being the first in their families to attend college. The College Access department works with students and families to build college awareness, visit college campuses, and more. In 2021, GLOW’s College Access department partnered with Cape Fear CREW for an after-school program called GLOW CREW Club to introduce students to jobs within the commercial real estate industry. Another way students connect with career opportunities is through a signature program, GLOWorks. Students are taken to an undisclosed local business to meet with employees and learn about the types of careers that make the business successful. GLOW has also partnered with Live Oak Bank, which hosted internship opportunities with competitive pay, accommodating hours, and a commitment to making the internship accessible to all students."

Beth Quinn Excellence Award: Connie Ronner
"Connie is an accomplished banking professional, a Wilmington native, and a UNCW graduate. A member of Cape Fear CREW since 2012, she served as President in 2019, guiding the chapter through its first Awards of Excellence. She served for several years on the CREW Board, chaired multiple CREW committees, and has served on the Awards of Excellence Committee since its inception. Connie is Co-Chair of Live Oak Bank’s Women Inspired Network ERG. WIN provides women at the bank with a safe environment to share experiences, challenges, and solutions. Connie is a graduate of Leadership Wilmington and the North Carolina School of Banking. She’s also a past President and Board Member of the March of Dimes and volunteered on the NICU Family Advisory Council for New Hanover Regional Medical Center."

Impact Award Winner: Monteith Construction
"Monteith Construction’s presence in the Wilmington community has not only changed the region’s built environment, but the company has also shown true leadership and commitment to being a partner, mentor, and friend to our community. As simply put on their website, “We build relationships,” and that rings true for local businesses, partners, and community and business leaders. The projects they have participated in within the Cape Fear region illustrate the “why.” They read as a “who’s who” of impactful new and renewed commercial buildings. The Soda Pop redevelopment, the Davis Community Center, GLOW Academy, Common Desk, 320 Chestnut, Fit Park for Live Oak Bank, the ILM Airport Expansion, the ILM new fixed-base operator (FBO), and the Wilmington Convention Center. Their cultural statements are clear; build exceptional buildings, demonstrate grit, don’t tolerate “brilliant jerks,” trust the judgment of your people, and “we before me.”
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