Print
Real Estate - Residential

In Wilmington Area, Townhouse Activity On The Rise

By Cece Nunn, posted Jan 17, 2020
A proposal for South College Road would create a 22-unit townhome development. (New Hanover County documents)
Although typically a smaller segment of the housing market than single-family homes, plans for townhomes and other attached housing types have been on the rise in the Wilmington area as land prices increase and some portions of the population seek them out.

"I definitely think that there's a strong market for lower-maintenance, smaller residences," said Tony Harrington, of the Property Shop International Realty and president of Cape Fear Realtors. "I think that we're seeing an uptick of people downsizing."

One of the latest plans involves a 22-unit townhome development on property at 4725 S. College Road, according to a community meeting notice posted on the county's website this week.

"This proposal would require a Conditional Zoning District approval from New Hanover County," wrote Cindee Wolf of Design Solutions in the notice. "A Conditional Zoning District allows particular uses to be established only in accordance with specific standards and conditions pertaining to each individual development project."

The notice did not name the developer involved in the proposal. The community meeting is scheduled to be held at 6 p.m. Jan. 28 at the Arab Shrine Club, 4510 S. College Road.

Housing that makes the most of smaller pieces of land and capitalizes on the preference shown by some baby boomers as they retire and other segments, including some millennials. 

The sizes and prices of townhouses and condos vary widely, Harrington said. Certain townhomes can cost as much or more as a single-family house while others are suitable for entry-level buyers.

"It can be a very wide range," Harrington said. "But I think most that move into a townhouse, condo or duplex like to have less maintenance that they're having to keep up with."

Such housing types have been more common in some recent plans.

"We are seeing a lot of developers now seeking to do some form of attached housing, whether it be duplex or townhome or even multifamily in the county," said Brad Schuler, senior planner with New Hanover.  "Folks are trying to diversify the housing type that they have in subdivisions."
Ico insights

INSIGHTS

SPONSORS' CONTENT
Screenshot2022 01 06at338 162234623

Food is the Foundation for Prosperous Communities

Girard Newkirk - Genesis Block
Dave sweyer 300 x 300

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

Dave Sweyer - Sweyer Property Management
Chris 16239425

‘Creative,’ An Adjective To Describe Your Accountant?!

Chris Capone - Capone & Associates

Trending News

Passenger Rail Study Offers New Details About Proposed Wilmington To Raleigh Route

Emma Dill - Apr 22, 2024

Severe Weather Postpones Trump Rally In Wilmington

Emma Dill - Apr 20, 2024

Will NC Be CNBC's Three-time Top State For Business?

Audrey Elsberry - Apr 22, 2024

In The Current Issue

Bootstrapping A Remote Option

Michelle Penczak, who lives in Pender County, built her own solution with Squared Away, her company that now employs over 400 virtual assist...


Info Junkie: Lydia Thomas

Lydia Thomas, program manager for the Center for Innovation and Entrepreneurship at UNCW, shares her top info and tech picks....


Surf City Embarks On Park’s Construction

“Our little town, especially the mainland area, is growing by leaps and bounds. So having somewhere else besides the beach for kids to go an...

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