Print
Real Estate - Commercial

On Former Driving Range, Developers Anticipate Breaking Ground This Year

By Cece Nunn, posted Jun 10, 2022
A site plan shows the layout of amenities at The Range on Oleander. (Courtesy of East West Partners)
On the site of a former driving range on Oleander Drive in Wilmington, developers expect to break ground this year on 345 apartments.

The Range on Oleander, which will include about 14,000 square feet of commercial space in addition to the residential units and amenities, could be on the rise by September, said McKay Siegel of development firm East West Partners, who leads Wilmington area projects for the company.

Siegel said he anticipates the project taking about 20 months to complete the first of seven buildings, with a completion estimate of 2024.

Within the development, 10% of the units will be offered at workforce housing rental rates, a feature that gave East West the ability to create a higher-density community within the site's zoning classification.

The property, about 15 acres at 5026 Oleander Drive and bordered by Wilmington Municipal Golf Course, was rezoned early this year.

The East West Partners rezoning application stated, "Whether or not they have to drive 5 miles or 25 miles to their destination will in no small part determine the future built environment of our city. To that end, 5026 Oleander Drive is a site that is centrally located within the city at a time when we need to be mindful of how and where to house more people."

Siegel said Thursday, "As Wilmington sites go, it’s one of the better apartment locations."

He said the development team is starting to market the commercial space, which he expects to hold a restaurant, and the space is being marketed by Patrick Riley of Wilmington-based commercial real estate firm Cape Fear Commercial.

The project is under technical review with the city of Wilmington, and developers are pursuing permits at the same time, Siegel said.
 
Ico insights

INSIGHTS

SPONSORS' CONTENT
Cfss headshots parker robert webversion 21422121214

The Latest Solar Scams and What You Can Do to Help Stop Them

Robert Parker - Cape Fear Solar Systems
Chris coudriet

As the Weather Warms, New Hanover County Remains Committed to Keeping Things Green

Chris Coudriet - New Hanover County Government
Untitleddesign2

The Importance of Real Estate Appraisals

Steve Mitchell - Cape Fear REALTORS®

Trending News

City Club, Event Center On The Market For $7.5 Million

Emma Dill - Apr 16, 2024

Wilmington Tech Company Tapped For Federal Forestry Contract

Audrey Elsberry - Apr 15, 2024

Commercial Real Estate Firm Promotes Adams, Mitchell To Vice President Roles

Staff Reports - Apr 16, 2024

New Hanover Industrial Park To Get $3.3M In Incentives For Expansion, New Jobs

Emma Dill - Apr 15, 2024

Gravette Named Executive Director Of Nir Family YMCA

Staff Reports - Apr 16, 2024

In The Current Issue

Info Junkie: Lydia Thomas

Lydia Thomas, program manager for the Center for Innovation and Entrepreneurship at UNCW, shares her top info and tech picks....


Taking Marine Science On The Road

“My mission and my goal is to take my love of marine science, marine ecosystem and coastal ecosystems and bring that to students and teacher...


MADE: Makers Of Important Papers

W.R. Rayson is a family-owned manufacturer and converter of disposable paper products used in the dental, medical laboratory and beauty indu...

Book On Business

The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2024 Power Breakfast: The Next Season