Driving through Wilmington and noting the increased density, along with the many other changes that have taken place over the years, I’m often struck by the quote from Mark Twain, advising to “buy land, they’re not making it anymore.”
The lack of space for new development and infill projects is certainly a problem that we are currently facing, and one that is (obviously) not going to go away. This is why adaptive reuse projects are so essential to the economic prosperity and viability of our region moving forward.
Taking the long history of Wilmington into account, it’s not all that unusual to see large commercial buildings go vacant and then remain available on the open market for months, sometimes years. Part of the explanation for this is that these properties were designed with a unique business in mind, that they would take extensive up-fitting to accommodate something new, and there is a relatively small pool of buyers searching for these types of properties.
This is where the expertise and creativity of our commercial REALTORS® really shines, because ‘the next big thing’ is only a step away from the current reality. All it takes is someone with the vision to dream big and see what’s possible, when others may only see dead ends. Just consider the following examples:
City To Consider New Leases For Fintech Firm, Senator's Office
Emma Dill
-
Jul 15, 2025
|
|
Leland-based Firm's Product Earns Innovation Award
Staff Reports
-
Jul 15, 2025
|
|
Tree Alliance Announces New Board Members
Staff Reports
-
Jul 15, 2025
|
|
Ullucci Named Founding Director Of Physical Therapy Doctoral Program
Staff Reports
-
Jul 15, 2025
|
|
TD Bank Promotes Johnson To Retail Market President Of Mid-South Metro
Staff Reports
-
Jul 15, 2025
|
The slowdown has affected the number of projects being shot in the area, and more attractive incentives offered by other countries have also...
The amphitheater improvements included installing more than 2,600 square feet of synthetic lawn inside a new fenced area, adding just over 5...
The Mayfaire-Landfall area remains in high demand among buyers searching for a higher-end neighborhood and convenience....
The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.