With new construction and development nearly ubiquitous in downtown Wilmington in recent years, residents old and new are flocking to the Port City’s urban core, according to city officials and local real estate professionals. Multi-pronged and hardly accidental, the surge can be traced in part to a municipal development plan drafted more than two decades ago.   ...

By any measure, Leland is booming. As its residential population burgeons, business development follows. Rapid growth in the form of retail shops, hotels, restaurants, offices and medical practices is obvious even to the casual passerby.   With the first of its tenants in place, the development called Leland Town Center is still under construction across U.S. 17 fro ...

The Hive boutique hotel recently opened on North Second Street as an aparthotel, short for apartment and hotel that combines elements of each. Envisioned by business partners Robert Rosenberg and Kaylie O’Connor, it was built by Bauen Group’s Eric Davis and designed by Rob Romero, of Romero Architecture. Robin Hertzog pulled together the hotel’s eclectic ...

More than a decade ago, the country was in the midst of the Great Recession. As is typical with economic ebbs and flows, the housing market was a key indicator, and in this instance, a major contributor to that market downturn.   Sales of higher-priced homes in the Cape Fear region were no exception.   “The luxury market in the Wilmington area was sever ...

Commercial real estate activity in the region in 2019 included additional projects for some developers and the potential for new endeavors for others. Potential initiatives include at least one other publicprivate partnership like the downtown mixed-use project River Place, which the city of Wilmington is involved in with East West Partners of Chapel Hill. Experts aren&rsq ...

Home prices are rising and have surpassed their previous peak from the end of 2018. But we need to be cognizant of the fact that time is passing, and a dollar today isn’t worth what a dollar was 12 years ago.   If we account for inflation (deflate home prices by the consumer price index) prices are still 23% higher than they were in the early 2000s before the ...

A movement is building in Wilmington. A movement that brings equity, diversity and inclusion from a distantly perceived value, a “nice to have,” a “sure, someday,” to something that we do now, something that we live daily.   But to operationalize this transformation, to solidify it in the fabric of our society so that generations to come may ...