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
Chris 16239425

Business Philosophies Learned from The Godfather Trilogy

Chris Capone - Capone & Associates
Drewsmith copiersplus headshot

A Little More Communication, A Lot More Cohesion

Drew Smith - Copiers Plus
Katiebraskett web

September 2022 Freight Market Update

Katie Braskett - MegaCorp Logistics

Trending News

Wilmington's $70M Office Plan Faces State Hurdle; New Hanover Seeks $25M Approval

Staff Reports - Jun 5, 2023

For The City Of Wilmington, A $70M Yes Or No?

Cece Nunn - Jun 6, 2023

Wilmington-based Pharma Firm Announces New CEO

Staff Reports - Jun 5, 2023

Local Mortgage Firm Joins National Platform

Jenny Callison - Jun 6, 2023

Soon To Debut, Block Eatz To Lend Helping Hand To Local Food Entrepreneurs

Miriah Hamrick - Jun 7, 2023

In The Current Issue

NCino Forges Partnership On Automated Underwriting

Zest AI will integrate its product into nCino’s Consumer Banking Solution, enabling lenders “to help make efficient, accurate decisions abou...


Local Retail Changes In Store

While new shopping centers are planned in areas outside the Port City, owners are adding to and revamping existing commercial complexes in W...


Providers Turn To AI To Improve Scans

In magnetic resonance, researchers have looked for ways to improve the detailed pictures, particularly in removing image noise or artifacts....

Book On Business

The 2023 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2023 Power Breakfast: Major Developments