Print
Real Estate - Residential

Along S. Kerr Ave., Apartments And Commercial Space In The Works

By Cece Nunn, posted Jun 2, 2020
An elevation of one of the buildings in the three-building complex The Varsity, which will include 27 apartments and more than 5,000 square feet of commercial space. (Rendering courtesy of Smith2 Architecture + Design)
A development with 27 apartments and more than 5,000 square feet of commercial space is planned for property on South Kerr Avenue and Varsity Drive in Wilmington.

Dubbed The Varsity, the project by Real Properties LLC is in the midst of the city's technical review process.

The one- and two-bedroom apartments will be part of three buildings, standing three stories high, at 611 Varsity Drive and 724 and 716 S. Kerr Ave.

Matt Scharf, owner of Real Properties LLC, said part of the commercial space is expected to hold a coffee shop, while the remaining space will have offices, including an office for Real Properties.

"There's commercial on the ground floor of two of the buildings that face South Kerr Avenue and then the third building is larger and doesn't have commercial underneath," Scharf said.

In the apartment portion, "we're considering doing some short-term rentals and some corporate housing," Scharf said.

He said the complex, which will sit on a 1.3-acre site, has a water feature and is planned to include a gazebo and fire pit.

"There's a creek that runs behind the property and it's about 15 feet wide," Scharf said. "It's real pretty. The idea is that the residential part backs up to that."

The site not far from the University of North Carolina Wilmington also backs up to event space underway at Wilmington Brewing Co. on South Kerr Avenue.

The Varsity is scheduled to be discussed during the July  2 meeting of the city's Technical Review Committee. Frank Smith at Smith 2 Architecture is the architect for the project.

Scharf said he hopes to get construction started on The Varsity in July with the idea of finishing by April of next year.
Ico insights

INSIGHTS

SPONSORS' CONTENT
Aarp suzanneheadshot 300x300

Beware Of Work From Home Scams

Michaelhiggins 41019104338

You’ve Lost A Loved One - What Now?

Michael Higgins - Dignity Memorial
Dave sweyer 300 x 300

Security Deposit Tips For Rental Property Owners & Tenants

Dave Sweyer - Sweyer Property Management

Trending News

Off The Hook Buys Bennett Brothers Yachts

Christina Haley O'Neal - Jun 29, 2020

Dollar General's Urban Market Concept, DGX, Among New Tenants For River Place

Cece Nunn - Jun 30, 2020

NHRMC's New Patient Tower Opens

Staff Reports - Jun 29, 2020

Potbelly Sandwich Shop To Open Next Week

Jessica Maurer - Jul 1, 2020

COVID-19 Prompts TekMountain Shift To Virtual Model For Startups

Johanna Cano - Jul 1, 2020

In The Current Issue

Prompted To Make A Move

For some would-be home­buyers, particularly in large Northeastern cities in the U.S, the coronavirus pandemic helped them make up their mind...


What's Next For Next Glass

Next Glass CEO Trace Smith talks about his goals as the new CEO, how the company has been doing during the COVID-19 pandemic, the company’s...


Hospitality Workers Face Risk

Some service businesses are starting to rehire, but for those in the hospitality industry, numerous challenges remain....

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`