Print
Real Estate - Residential

In Midtown, 270 Apartments On The Way After $3.5M Purchase

By Cece Nunn, posted Mar 5, 2020
17 Social Apartments are planned to include 179 one-bedroom units and 91 two-bedroom units. (Courtesy of DPJ Residential)

On South 17th Street, a Charlotte development firm plans to create 270 apartments after closing Wednesday on a nearly 8-acre tract.

DPJ Residential, which has two other apartment projects in Wilmington, bought the 7.79 acres at 1625 S. 17th St. for $3.5 million from limited liability company 17th Street WPG LLC.

The site is set to hold 17 Social, an apartment complex that includes 1,500 square feet of commercial space.

17 Social is planned to have 179 one-bedroom apartments and 91 two-bedroom units, according to a rendering. Rents are anticipated to range from $1,175 to $1,350 per month for one-bedroom apartments and $1,495 to $1,795 for two bedrooms, said Porter Jones of DPJ Residential.

Amenities include a two-story fitness center, dedicated co-working space, resort-style, saltwater swimming pool, a putting green, bocce ball and a covered bike barn with the capacity to store more than 100 bikes.

“The property was selected due to the limited options for housing in the immediate area for healthcare professionals and millennials new to the midtown market,” according to a news release from Eastern Carolinas Commercial Real Estate.

DPJ Residential was represented in the purchase by Nicholas Silivanch and David Branton of ECCRE, and the seller was represented by Teresa Huffmon of Coldwell Banker Commercial Sun Coast Partners.

17 Social marks the third development in Wilmington for DPJ Residential. The other two are the existing Mayfaire Flats and the Flats on Front, which are currently under construction in downtown Wilmington by the northern riverfront and slated to open later this year.

More area projects could be in DPJ Residential’s future. The release stated, “Eastern Carolinas Commercial Real Estate continues its efforts to find additional sites for DPJ Residential throughout the Wilmington Metro Area.” 

Ico insights

INSIGHTS

SPONSORS' CONTENT
Headshotrosaliecalarco 1182131047

Beware of Online Holiday Shopping Scams

Jessiepowellheadshot webversion

5 Reasons to Build Custom Franchise Software

Jessie Powell - Wide Open Tech
Chris 16239425

E32: John Monahan - How I Built a CEO Advisory Group in Wilmington, NC

Chris Capone - Capone & Associates

Trending News

Museum Of The Bizarre Owner Aims For Local Landmark Label For Iron Works Building

Cece Nunn - Jul 7, 2025

Buyers, Sellers In Tug-of-war As Both Sides Deal With Market Conditions

Emma Dill and Cece Nunn - Jul 7, 2025

Show Goes On For Training Programs

Rickie Houston - Jul 7, 2025

Unraveling A Film Industry Slump

Rickie Houston - Jul 7, 2025

In The Current Issue

Unraveling A Film Industry Slump

The slowdown has affected the number of projects being shot in the area, and more attractive incentives offered by other countries have also...


Show Goes On For Training Programs

Duke Fire, the program director of film and video production at Cape Fear Community College, said there’s uncertainty about when things will...


Buyers, Sellers In Tug-of-war As Both Sides Deal With Market Conditions

Homebuyers and sellers are facing headwinds, even in the busy selling season of summer, and those watching the market have been taking note...

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