A community meeting has been scheduled for a project that could add more than 300 apartments to New Hanover County, in the 5600 block of South College Road. Part of the Cameron company-owned parcel at 5601 South College Road would need to be rezoned from R-15 to R-10, a residential designation that allows multifamily projects, for the development to be permitted. The ...

At the start of an event earlier this month, Cape Fear Realtors staff member Suzie Lude said, “The economic viability of the area hinges on this topic.”   The topic she was referring to is affordable housing in the Wilmington area.   In New Hanover County, for example, half of all renters are cost-burdened, meaning they pay more than 30 percent of ...

Investors snapping up apartment communities, as well as a rental townhome property, represented New Hanover County’s highest real estate sales in 2018, according to tax data, with the top two located in Wilmington’s midtown area. 1. Property: St. Andrews Reserve Apartments   814 St. Andrews Drive Price: $48.5 million ...

Construction is ready to start for Pier 33 apartments on Nutt Street, with a groundbreaking ceremony taking place in February, officials said Wednesday. The apartment complex, initially proposed in 2014, is projected to be completed in spring 2020, with preleasing beginning later this year, according to a news release. The project is being developed by Raleigh-based ...

After one of the best summers ever recorded for the Cape Fear region's luxury home market, Realtors were hoping for a 2018 that might surpass levels not seen since before the Great Recession, according to a recent report. But it appears Hurricane Florence contributed to dashing those hopes by halting sales and real estate business of any kind for several weeks durin ...

Cape Fear Realtors has rejoined business advocacy group Business Alliance for a Sound Economy (BASE) after leaving the organization more than a decade ago. The Wilmington-based alliance of more than 2,400 Realtors has joined BASE as an association partner, according to a recent announcement. A news release stated that BASE is a coalition of business entities, associa ...

With home prices on the rise in the Cape Fear region and wages not keeping up, the affordable housing issue in the Wilmington area is expected to remain a challenge, experts said during a session on the topic Wednesday. Average home prices have risen 22 to 30 percent in the tri-county area in the past six years, according to a report produced for Cape Fear Realtors and ...

Topsail Realty Vacations, a vacation rental management firm on Topsail Island for more than 40 years, recently announced the acquisition of Blue Water Realty and Ocean Breeze Properties, both of Carolina Beach and Kure Beach. The combined companies will offer vacation rental marketing and management services for property owners and guests throughout the Cape F ...

Plans to add more apartments to the Wilmington area's inventory are expected to continue this year, and they already include separate projects on South College Road and Carolina Beach Road, as well as a multifamily proposal on College Acres Drive. The potential new South College Road apartments are expected to be part of the Whiskey Branch brand and could include 32 ...

The agents of Nest Realty are getting two new places to roost. The Wilmington branch of the Virginia-based residential real estate firm is creating an office in Carolina Beach by revamping an existing building, and moving its current main office on Military Cutoff Road to vacant space at Mayfaire Town Center. The renovations on the Carolina Beach office (re ...