A Charlotte-based real estate firm has plans to develop 72 new townhomes at The Pointe at Barclay in midtown Wilmington.
Collett Capital LLC submitted plans for The Pointe Townhomes to the city of Wilmington last week. The project is slated for roughly 5.5 acres at 1001 Gallery Park Blvd., a vacant tract bordered by Independence and Gallery Park boulevards.
The Pointe at Barclay is a midtown dining and entertainment complex that’s home to The Pointe 14 movie theater, Home2 Suites by Hilton and an array of restaurants and other retailers. Local real estate firm Cameron Management and Charlotte-based Collett are The Pointe’s developers.
The townhomes are proposed for a tract owned by Barclay Commons Retail LLC, a limited liability company managed by Hill Rogers, Cameron Management’s broker-in-charge, and John Collett, founder and partner of Collett.
Plans show 72 townhome units, which would be 2,400 square feet each. The townhomes would be spread across 15 three-story buildings on the site.
The project is expected to generate 539 daily vehicle trips, 46 trips during peak weekday morning hours and 52 trips during peak afternoon hours, according to planning documents. Developers plan to provide 144 parking spaces on-site.
Plans for the project are currently under review by city planning staff. Representatives from Collett Capital LLC did not immediately respond to the Business Journal's request for comment on Friday.
Midtown Wilmington has been a hot spot for residential development in recent years. Across Independence Boulevard from the site of the proposed townhomes, Virginia-based development firm Middleburg Communities has plans to build 580 residential units.
Plans for the project include 184 detached single-family cottage-style units, 96 two-story townhomes and a 290-unit apartment complex.
Earlier this month, Middleburg Communities announced the company had secured construction financing for Mosby Barclay West, the project’s proposed apartment complex.
(A rendering of the Mosby Barclay West is shown at right.) Work on the project began this month and the complex is expected to open in the summer of 2026, according to a news release.
Work is already underway on Hamlet Barclay West, a 280-unit build-to-rent neighborhood that includes a mix of cottages, duplexes, and townhomes. According to the release, the neighborhood’s first units are expected to be completed this spring.