Real Estate - Residential

On Carolina Beach Road, 300-unit Apartment Complex In The Works

By Cece Nunn, posted Jun 4, 2021
A portion of a site plan shows apartment buildings planned for 6124 Carolina Beach Road. (Courtesy of Watermark Residential)
Hundreds of new apartments could be coming to Carolina Beach Road if one of the latest development proposals in New Hanover County comes to fruition.

A national developer, Thompson Thrift Development Inc., is planning 15 buildings with about 300 units. As a result, the company is seeking to rezone the property at 6124 Carolina Beach Road from Regional Business (B-2) to Residential Multi-Family Moderate Density (RMF-M).

The site plans by McKim & Creed are labeled, "Watermark at Wilmington." Watermark Residential is the multifamily development affiliate of Thompson Thrift Development.

A community meeting notice on the proposal stated, “The RMF-M zone would allow approximately 340 residential dwellings on the property, in lieu of the commercial and retail use permitted today under the B-2 zoning.”

The notice, from Sam Franck, counsel to Thompson Thrift Development, also stated, “We look forward to describing the owner's plans for the property in greater detail, and answering any questions you have about the project.”

The community meeting will be held via Zoom at 5:30 p.m. Monday. Those who want to participate can email Franck's law firm, Ward and Smith, at [email protected] to receive a link.

The vacant property is owned by Arfa Holdings, according to New Hanover County property tax records. 
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