Print
Real Estate - Residential

Proposal: 228 New Apartments, Commercial Space On Carolina Beach Road

By Cece Nunn, posted Dec 23, 2014
A development company plans to build a new 228-unit apartment community on Carolina Beach Road, according to site plans submitted to the City of Wilmington.

Belle Meade Apartments would consist of seven three-story buildings with 84 one-bedroom apartments and 144 two-bedroom apartments on nearly 11 acres of land across Carolina Beach Road from Silva Terra Drive, according to plans submitted by GSP Consulting, an engineering firm, and Belle Meade Development Partners LLC.

The plans also show that one of the buildings fronting Carolina Beach Road would include 3,800 square feet of commercial space.

The city of Wilmington’s project tracking website indicates that the proposed apartments, with a listed address of 4703 Carolina Beach Road, would not be considered by the Technical Review Committee until next year. SHP Bellemeade LLC bought 6.9 acres at 4703 Carolina Beach Road for $1.5 million in November 2012, according to the latest sales figure listed online in New Hanover County property tax records.

As well as serving as another sign of a booming apartment market in Wilmington, the Belle Meade Apartments proposal adds another potential project to a corridor where at least two other multi-family developments are in the works in different areas, including the Meridian at Fairfield Park and Independence West.

For the Independence West community, Symphony Properties of Cary wants to build 256 apartments on about 15 acres in the 3800 and 3900 blocks of Independence Boulevard near Echo Farms.That project's timeline is uncertain at the moment, Blair Booth, manager of Symphony Properties, said Tuesday, because the development company is working out sewer capcity issues with Cape Fear Public Utility Authority.

Booth’s company is also developing Sawmill Point, a four-story, 278-unit apartment project at 15 Cowan St. in downtown Wilmington.

Meanwhile, NorthView Partners, a Raleigh-based firm, was expected to close on a construction loan Tuesday for the 241-unit Meridian at Fairfield Park apartment project along Carolina Beach Road near Codington Elementary School.

Story On The Map

Ico insights

INSIGHTS

SPONSORS' CONTENT
Jordain 422430214

The Multiplier Effect: How You Can Get 2x More Out of Your Teams

Jordan Cain - APPROVE
Dave sweyer 300 x 300

Insights into the 2023 Leasing Market in Wilmington, NC: What You Need to Know

Dave Sweyer - Sweyer Property Management
Headshotrosaliecalarco 1182131047

Help Stop Government Impersonator Scams

Trending News

Intracoastal Angler To Grow With Two New Hampstead Stores

Emma Dill - Apr 30, 2024

Coyne Returns To Law Firm's Wilmington Office

Staff Reports - Apr 30, 2024

Wilmington-based Fishing App Wins NC IDEA Grant

Audrey Elsberry - Apr 30, 2024

Apartment Plans Move Ahead On Wooster Street

Emma Dill - Apr 29, 2024

Design-build Firm Welcomes Falvey As Director

Staff Reports - Apr 30, 2024

In The Current Issue

Novant Health Adds new AFib Treatment

Novant Health Heart & Vascular Institute has incorporated a recent FDA-approved treatment for AFib, or atrial fibrillation, as an option for...


Lab Works On ‘cool’ Vaccine Solution

Backed by years of biologics formulation development for mRNA vaccines, monoclonal antibodies and peptide drugs, Ying Wang, associate profes...


Leland Eyes Commercial Growth

As Leland’s residential development booms, town leaders are taking steps to ensure that land zoned for commercial development meets its full...

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