Print
Real Estate - Residential

Developers: River Place Reaches Milestone

By Cece Nunn, posted May 14, 2019
Construction is progressing on River Place (shown above in a rendering), with the structural framing of the development's south tower complete. (Rendering courtesy of River Place)
Officials with East West Partners, developers of downtown Wilmington’s River Place, said Tuesday that the structural framing of the mixed-use project’s south tower is complete. 

"At 13 stories, the south tower includes one level of parking, the restaurant pavilion, retail space and 58 of the 92 total condominiums in the project, representing some 150,000 square feet of the project’s overall 488,000 square feet," the release stated.

Chapel Hill-based East West is creating River Place, formerly home to the defunct Water Street parking deck at 200 N. Water St., in partnership with the city of Wilmington in a project projected to cost more than $80 million.

The project's next steps include framing the exterior and interior of each floor; installation of plumbing, mechanical and electrical systems; exterior sheathing for waterproofing and insulation barriers; exterior brick cladding; and window installation, the release stated.
 
The first dwellings in the south tower are expected to be ready for occupancy by early in the first quarter of 2020, with the remaining 34 condominiums surrounding the parking deck completed shortly thereafter, according to the release.

The parking deck is on track for a late 2019 completion, officials said. 

“With 100 inches of rain and the impact of Hurricane Florence, we are delighted to have reached this stage with our schedule still intact,” stated Lucien Ellison, managing partner of East West Partners, in the release. 
 
According to the release, vertical construction for River Place began in November 2018 and progressed at an average of one story every two weeks with structural steel and concrete framing.

“There are a number of subcontractors on site working concurrently to either meet or exceed our construction schedule," Ellison said in the release.

In February, brokers annouced that Mellow Mushroom pizza restaurant has joined the commercial tenant roster for River Place.
 
Ico insights

INSIGHTS

SPONSORS' CONTENT
Natalieenglish 3301715113

A Strategic Plan for Community Prosperity

Natalie English - Wilmington Chamber of Commerce
Jim ellis headshot 10311631058

Questions to Ask Before Choosing a Digital Agency

Jim Ellis - Signal
Mc2 56882

2019 Homebuilding Market Demand & Pricing

Scott Byers - Majestic Kitchen & Bath Creations

Trending News

Renting Continues To Get More Expensive In Wilmington, Data Shows

Cece Nunn - Jun 24, 2019

Medical Building In Wilmington Sells For More Than $5M

Cece Nunn - Jun 25, 2019

At Mayfaire, New Physical Therapy Facility Throws Out Insurance Model

Cece Nunn - Jun 24, 2019

Adam Sisk Promoted To Principal Engineer

Christina Haley O'Neal - Jun 25, 2019

With ILM Business Park Fully Leased, Land Still Open For Development

Christina Haley O'Neal - Jun 25, 2019

In The Current Issue

Software Firm Codes For Growth

After growing PS Solutions in Pennsylvania, founder Wayne Hippo came to Wilmington with the goal of replicating the company’s growth in the...


Aquarium Named Among Nation's Best

The N.C. Aquarium at Fort Fisher is among the top 10 aquariums in the country, according to a USA Today poll. Voters ranked the state’s aqua...


Info Junkie: Claire Holroyd

Find out which apps and tech are used by Skilly-do CEO and co-founder Clarie Holroyd, whose product is an online toolkit that promotes early...

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

Power Breakfast - The H Word (June 13, 2019)
2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`
Health Care Heroes 2018