Print
Real Estate - Residential

On Market Street, 288 Apartments, Commercial Space Proposed

By Cece Nunn, posted Aug 8, 2019
A site plan shows a dozen three-story buildings for a mixed-use project called Middle Sound West. (New Hanover County records)
On nearly 31 acres on Market Street in Wilmington, developers are proposing an apartment complex with 288 units and more than 7,400 square feet of office/retail space, according to a New Hanover County community meeting notice.

The project, which would be located at 7241 Market St., is titled Middle Sound West on a site plan included with the notice, which shows 12 three-story buildings, a two-story building and a one-story structure.

The community meeting is scheduled for 6 to 7:30 p.m. Aug. 19 at Covenant Church, 210 Station Road in Wilmington. 

In a letter about the project, attorney Matthew Nichols said his client is requesting a special use permit (SUP) from the county for the project to allow residential uses within a commercial district.

While the entire site is nearly 31 acres, the SUP would apply to about 15 acres, the letter stated.

"The purpose of the meeting is to explain the proposed development and answer questions from meeting attendees," Nichols' letter stated. "The meeting is also open to the general public." 

The owner of the property is listed as Coswald LLC on the site plan and in New Hanover County property tax records. Coswald LLC's members include Grathwol Property Holdings LLC of Wrightsville Beach, B. Leon Skinner of Wilmington and W&B Investments of Greensboro, according to state corporations records.

The land is under contract with an undisclosed potential buyer, said Steve Hall, partner with Maus, Warwick, Matthews & Co. Hall is the selling agent and Bill Maus, also a partner in Maus, Warwick, Matthews & Co., is the listing agent. 

Efforts to reach Nichols and Walter Wilson, president of W&B Investments, were not successful Thursday.
Ico insights

INSIGHTS

SPONSORS' CONTENT
Drewsmith copiersplus headshot

The “Science” Behind The Cost Of Your Copier Contract

Drew Smith - Copiers Plus
Alycephillipsnew2

Charitable Trusts Let You Split Gifts Between Philanthropy, Family

Alyce Phillips - Old North State Trust LLC
Burrus rob headshot 300x300

Covid-19 Pandemic: Implications For Managers And Human Resources

Robert Burrus - Cameron School of Business - UNC-Wilmington

Trending News

Mortgage Firm Relocating To Barclay Commons

Cece Nunn - Jul 6, 2020

With Novant Recommendation, Here's What Happens Next In NHRMC Talks

Vicky Janowski - Jul 6, 2020

In The Current Issue

NHRMC Talks Include Focus On Education

Graduate medical education has been one of several issues hashed out as part of the re­cent negotiations over New Hanover Regional Medical C...


New Eateries Still Open Despite Virus

While some restaurants have gone out of business and others are still temporarily closed, others are expanding....


Industrial Sector Shines In Pender

Industrial commercial real estate gained more attention over the past few months as a sector that’s still doing well, despite an economic do...

Book On Business

The 2020 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2020 Leadership Accelerator: Virtual Workshops for Real Leaders
2019 Health Care Heroes
August 26, 2019 Power Breakfast: A Healthy Sale?
2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`