Print
Real Estate - Residential

Mixed-use Project Update: Paseo Site Plans Under Review

By Cece Nunn, posted Jul 15, 2022
Paseo, a development by Bella Vista Development and Craig Davis Properties, is coming to the 800 block of South College Road. (Rendering courtesy of Bella Vista Development Group)
A project to transform a former Wilmington car dealership into housing and commercial space is another step closer to reality.

Paseo, a mixed-use development planned by Bella Vista Development Group and Craig Davis Properties, is expected to hold 298 apartments and 15,000 square feet of commercial space at 821 S. College Road.

Members of the project team, which includes civil engineering firm SEPI Engineering & Construction Inc. and architectural firm LS3P, have submitted site plans to the city of Wilmington, where they will eventually be considered by the city's technical review committee.

"If everything goes as planned, we are still targeting construction beginning in October," said Mariana Molina, founder and president of Bella Vista Development Group.

She said construction is expected to take 20 to 24 months.

"The landscaping and the courtyards are going to be really spectacular," Molina said. In keeping with the meaning of paseo, a Spanish word connoting a leisurely stroll,  "we are placing a very heavy emphasis on outdoor amenity space and creating walkability within the development."

In response to a question about recent economic challenges affecting construction, she said, "It seems as though costs have been coming down a little bit so although the concern is certainly there, we almost feel better about it than we did say two months ago."

"We still are very, very excited about the Wilmington market and we know that there are a few developments in the works," Molina said, referencing nearby projects such as The Range on Oleander. "There’s obviously enough need in the market for multiple projects to come on line at once."

 
Ico insights

INSIGHTS

SPONSORS' CONTENT
Mikeharrington carolinaretreats 2

Fall Vacation Rentals and Rising Cost of Real Estate

Mike Harrington - Carolina Retreats
Kellyerola headshot lcflc

Hospice Care in Nursing Homes Provides Needed Specialized Care

Kelly Erola - Lower Cape Fear LifeCare
Cd

Don't Forget the "B"

Hoop Morgan - The Forté Institute, LLC

Trending News

Galleria Property On Wrightsville Ave. Sold For $37.5M

Cece Nunn - Aug 10, 2022

Leland Town Center Lands New Tenant; Lowe’s Begins Construction

Johanna F. Still - Aug 10, 2022

Pipeline Poke Headed To Autumn Hall

Elizabeth White - Aug 10, 2022

Rachael Ray, Emeril Lagasse To Appear At GLOW Event

Justin Williams Pope - Aug 10, 2022

New Biz Creations In Cape Fear Region Continue Strong Trend

Johanna F. Still - Aug 9, 2022

In The Current Issue

Commercial Tenants Navigate Rent Spikes

One of the realities small businesses throughout the area face when trying to find commercial space, which also include increasing rents and...


Borrowers Seek Adjustable-rate Perks

During recent years when interest rates were at rock-bottom levels, borrowers have kept adjustable-rate mortgages at arm’s length. But now,...


Film On Rebound; New Horse Enters Race

New soundstages in Wilmington are set to be constructed toward the end of the year – marking activity that appears hasn’t happened since the...

Book On Business

The 2022 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

Trying to Grow a Business?
2020 Health Care Heroes
2020 WilmingtonBiz 100