Print
Real Estate - Residential

Apartment Plans Continue, With Potential For 324 Units On S. College Land

By Cece Nunn, posted Jan 3, 2019
A preliminary site plan for apartments and amenities that would go along with them in the Whiskey Branch area off South College Road. (Plan courtesy of Cameron Management)
Plans to add more apartments to the Wilmington area's inventory are expected to continue this year, and they already include separate projects on South College Road and Carolina Beach Road, as well as a multifamily proposal on College Acres Drive.

The potential new South College Road apartments are expected to be part of the Whiskey Branch brand and could include 324 units, said Hill Rogers, broker in charge of Cameron Management.

Another 276 apartments have been proposed off Carolina Beach Road at 4456 and 4544 Fairview Drive, in a community that would be called Ansley Park, according to site plans submitted recently to the city of Wilmington by developer Core Property Capital.

For property at 4722 College Acres Drive, Paramounte Engineering has drawn plans for 45 multifamily units on 3.55 acres next to the University of North Carolina Wilmington campus, site plans show. The plans state that College Acres Development LLC of Myrtle Beach is the developer, and that the project would also include 1,900 square feet for retail use.

The Cameron-owned land where apartments could be built off South College Road is adjacent to the gated Whiskey Branch subdivision off Navaho Trail and Mohican Trail, where amenities have been built, including a pool and clubhouse, and dozens of homes and townhome-duplexes are under construction by Trusst Builder Group.

"We've sold 50 in 10 months," said Shawn Horton, owner of Trusst Builder Group, of the homes in the Whiskey Branch neighborhood. A total of 156 homes, including single-family homes and townhome-duplexes, are planned, he said. The townhomes are selling in the range of about $340,000 to $370,000, while the houses are going for prices in the high $300,000s up to the $500,000s, Horton said.

The Whiskey Branch development area is also expected to include a commercial center, with shops, boutiques and services within walking distance of the homes, according to the Whiskey Branch site map online.

The Whiskey Branch apartments (the exact name has not yet been determined but will likely include "at Whiskey Branch") would be on about 21 acres of more than 132 total, which includes the existing Whiskey Branch gated community on 68 acres. Rogers said the apartments will have their own separate amenity package.

The apartments would have to be considered by the New Hanover County Technical Review Committee, and could be on the TRC's February meeting agenda, before a rezoning request could be filed, Rogers said. The land is currently zoned for single-family homes rather than apartments.

Meanwhile, the plans for College Acres and Fairview drives are expected to be considered at the Wilmington Technical Review Committee's meeting Jan. 17, according to the city's project tracking website.

Of the demand for apartments in the Wilmington area, Rogers said, "As long as Wilmington continues to grow, I think there's going to be a demand for quality housing options in good locations everywhere."
Ico insights

INSIGHTS

SPONSORS' CONTENT
Chris coudriet

Purpose-Designed Government Center and Redeveloped Land Will Benefit the Community

Chris Coudriet - New Hanover County Government
Sherrip2019 insights profile

That’s Who We Are

Sherri Pridgen - Cape Fear REALTORS®
Alyce 4 april242017

Duties of A Trustee: Choose Wisely

Alyce Phillips - Old North State Trust LLC

Trending News

Boutique Hotel Opening Downtown

Johanna Cano - Sep 13, 2019

In The Current Issue

Banks Aim To Cash In With New Names

In the local market, at least four financial institutions with a presence here have embarked upon a name change in the past couple of years....


What Lessons Did Florence Teach Us?

In the year since Hurricane Florence slammed into the Wilmington area, local governments and utilities have reviewed trouble spots and laid...


Advancing Local Women In Tech

A growing number of women have joined the tech field, and some in the Wilmington area are working to keep them there....

Book On Business

The 2019 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

August 26, 2019 Power Breakfast: A Healthy Sale?
WILMA's Leadership Accelerator
2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`