Print
Real Estate - Commercial

After Clearing Site, The Avenue Developers Outline Next Steps

By Emma Dill, posted Oct 21, 2024
Developers recently cleared land slated for The Avenue, a proposed mixed-use luxury development off Military Cutoff Road. (Photo by Cece Nunn)
The developers of The Avenue, a luxury mixed-use development proposed near Mayfaire, recently cleared the site eyed for the long-awaited project.

Plans for the development include building a five-star Westin hotel and spa along with hundreds of apartments and retail space for upscale brands and restaurants on 11 acres at 349 Military Cutoff Road. The more than $300 million project has been in the works for more than eight years.

Greensboro-based development firm The Carroll Companies is behind the project. Roy Carroll, the firm’s founder, president and CEO, told the Business Journal last year that the company has spent at least $20 million on the site development, land purchase and plans for The Avenue.

Plans include a 234-room Westin hotel (a rendering of the hotel's lobby is shown below) with ample meeting space, a spa island connected to the hotel, more than 500 apartments and hundreds of thousands of square feet for stores and restaurants. There have been no changes to the project’s proposed uses, wrote Madison Carroll Snyder, Carroll Companies' chief of staff, in an email.

“We are excited about our progress on clearing the site, which shows what a perfect location this will be for our Avenue project,” Carroll Snyder wrote. 

The next step in the project’s development will be addressing the area’s “subsurface conditions,” which can be typical in coastal areas. “This will be accomplished by surcharging the building pads with engineer-prescribed weight for various periods of time to allow the weight of the fill material to compact the soil,” according to Carroll Snyder.

The development team will also begin working on the property’s storm system soon.

“These stages of work will take us through the end of the year,” Carroll Snyder wrote, “and we look forward to the community gaining excitement as they drive by and see what we are accomplishing.”

Correction: This version of the story corrects that The Carroll Companies has spent at least $20 million on The Avenue's site development, land purchase and plans.
Ico insights

INSIGHTS

SPONSORS' CONTENT
Untitleddesign12 101824110415

Fire Prevention in the Workplace: Key Tips and Solutions

Luke Wheeler - Holmes Security
Jenniferadams

2024 Was a Historic Year for Your Water Utility

Jennifer Adams - Cape Fear Public Utility Authority
Jane

It’s Child’s Play

Jane Morrow - Smart Start of New Hanover County

Trending News

Home Developer Buys Nearly 670 Acres In Pender County

Emma Dill - Dec 13, 2024

Tri-Tech Forensics Grows With Demand

Emma Dill - Dec 13, 2024

In Hampstead, 130-acre Private Airport Up For Sale For $8.5M

Cece Nunn - Dec 13, 2024

Novant Health Releases Economic Impact Report

Emma Dill - Dec 13, 2024

Brunswick Co. Focuses On Flooding

Emma Dill - Dec 13, 2024

In The Current Issue

Tri-Tech Forensics Grows With Demand

The company, which assembles and distributes supply kits for law enforcement and first responders, is one of the International Logistics Par...


Clean Eatz’s CEO Brings National View

This company's new CEO is looking to bring Clean Eatz to consumers in “nontraditional locations.” This means, in addition to the brick-and-m...


Novant Health Releases Economic Impact Report

The study was commissioned by Novant and conducted by FTI Consulting’s Center for Healthcare Economics and Policy....

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