Real Estate - Commercial

May 17, 2024

Two Apartment Projects Pitched For Kerr Avenue

By Emma Dill, posted May 17, 2024

Plans for two new apartment complexes are taking shape in Wilmington’s Kerr Avenue corridor. One project called Ethos 622 Apartments is set to bring 48 new apartments, while plans for The Lofts at South Kerr would bring another 19 apartments to the area. Developers submitted plans for both projects this week for technical review by city of Wilmington staff. Eth ...

May 15, 2024

Local Furniture Company Expands With New Distribution Center

By Audrey Elsberry, posted May 15, 2024

Custom Home, a Wilmington-based furniture company founded by brothers John and Kevin Gray, recently announced the expansion of its facilities with a 50,000-square-foot distribution center in the Leland Innovation Park.   The company will use the facility to store and distribute furniture for Custom Home’s four businesses, which include Custom Home Staging & ...

May 15, 2024

Wilmington Plans To Demolish Longtime Downtown Offices

By Emma Dill, posted May 15, 2024

Wilmington plans to demolish its downtown office space at 305 Chestnut St. City officials posted a bid advertisement Tuesday for the demolition of the buildings near the corner of North Third and Chestnut streets. According to city spokesperson Dylan Lee, city leaders want to bid out the “full demolition” of the structures, including the removal of debris. ...

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How Philanthropy Fits Into Your Financial Plan

Posted May 30, 2023
Charitable contributions hold the remarkable ability to transform lives and communities, but what if there was a way to magnify their impact while benefiting your own financial situation? Enter Qualified Charitable Distributions (QCDs), an increasingly powerful tool for individuals seeking a tax-efficient approach to philanthropy. In this article, we explore the concept of QCDs and unveil three co...read entire article
May 8, 2024

A handful of commercial projects are expected to go before Wilmington planning leaders early next month. Those projects include a proposed 253-unit apartment complex in Ogden, a 40-unit project along Independence Boulevard and re-submitted plans for a Circle K gas station on Dawson Street.  All are tentatively scheduled to go before the Wilmington Planning Commi ...

May 6, 2024

One of the largest private fermented beverage manufacturers in North America, FedUp Foods, on Monday announced an expansion into Wilmington using the facility formerly occupied by Tru Colors Brewing.   Sarah Mullins and Jeannine Buscher founded FedUp Foods in Asheville after making kombucha together for their children. Now, FedUp Foods manufactures kombucha, pre- an ...

May 3, 2024

Leland Eyes Commercial Growth

By Emma Dill, posted May 3, 2024

As Leland’s residential development booms, town leaders are taking steps to ensure that land zoned for commercial development meets its full potential. Leland encompasses just over 27 miles – roughly 17,400 acres – within its town limits, and just 5% of that area – about 872 acres – is zoned for commercial or office and institutional develo ...

Apr 29, 2024

Apartment Plans Move Ahead On Wooster Street

By Emma Dill, posted Apr 29, 2024

Plans for a new apartment complex are moving ahead near downtown Wilmington. The project, which site plans refer to as Sapphire on 5th, would include 82 apartments and just over 850 square feet of commercial space. Planned for 418 Wooster St., the complex is one of several residential buildings that have popped up in the Wooster Street corridor in recent years. Devel ...

Apr 26, 2024

On U.S. 421, an industrial building changed hands last week for nearly $12 million. The roughly 93,500-square-foot building at 3881 U.S. 421 has been home to Ferguson, a nationwide distributor of residential and commercial plumbing products, since 2009. Last year, the company extended its tenancy through 2033. The building is situated on a 9-acre tract, which include ...

Apr 25, 2024

Following last week’s announcement that a museum dedicated to Michael Jordan and his family won’t be moving forward as part of Project Grace, developers are reshuffling their plans for the downtown Wilmington site. Without the museum in the mix, Cape Fear Development, New Hanover County’s private development partner on Project Grace, is working to inco ...

Apr 25, 2024

Eric Shirley, a resident of Surf City for seven years, wanted somewhere to take his family when they were tired of the beach or the weather made hanging out outdoors undesirable. “At the end of the day, it just came down to – we spend a tremendous amount of money in other markets because there’s nothing to do here for young kids,” Shirley said. & ...

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In The Current Issue

Half Marathon Takes Whole Race State Title

The top half marathon in each state was crowned based on nearly 20,000 votes from runners across the country....


As Hurricane Season Heats Up, How Do Builders, Laws Prep Homes For Storms?

The damage caused by Hurricane Florence in 2018 throughout the region put a bigger spotlight on the need for the construction industry to fa...


Submarine Museum Could Surface Here

​A museum would continue to support those military families and honor submarine veterans but also serve as a way to provide science and math...

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