Consultants are preparing an economic development strategy and incentive policy report for the town of Leland – the first professionally solicited report of its kind for the growing community.  North Carolina-based Creative Economic Development Consulting LLC has been tasked with formulating the report.  The town’s Economic Development Committee ...

Wilmington City Council approved initiating the due diligence process in the city’s attempt to purchase the Thermo Fisher Scientific building downtown.  At its Tuesday meeting, the city council authorized sending the global science firm a purchase offer contract valued at $68 million. Thermo Fisher must accept the offer to lock the 120-day exploratory deal in ...

At the New Hanover County Board of Commissioners meeting Monday, the board took three real estate-related actions. Below is a rundown of the updates on each unrelated project:  Detox facility The board began its meeting by approving an offer to purchase property at 1605 Robin Hood Road for no more than $1,490,000. The property is intended to be utilized as a ...

Potential tenants have already expressed interest in leasing parts of the 12-story former PPD building should a purchase by the city of Wilmington take place, city officials said Monday. But they also emphasized to Wilmington City Council members that the potential $68 million transaction with owner Thermo Fisher is far from guaranteed at this point, even if the elected ...

Wilmington officials could offer $68 million to buy the 12-story PPD headquarters building. The Wilmington City Council is expected to take up the matter at its Tuesday night regular meeting, said Councilman Charlie Rivenbark on Thursday. The 380,000-square-foot building at 929 N. Front St. could be used by the city for three or four floors of offices while the res ...

Though it’s been delayed by about two weeks, the closing for the sale of the former Bank of America building downtown is expected to take place in early February.  New Hanover County is slated to purchase the building at 319 N. Third St. for about $11.9 million.  The county will also spend $14.8 million to enhance the building and eventually gift the ...

By next week, the city of Wilmington is expected to own 820 N. Second St., a property that will add to the city's holdings at its northern entrance. The Wilmington City Council voted unanimously Tuesday night to allocate $4.8 million for the purchase of the 1.88-acre parcel from the Salvation Army, which has been using it for its shelter, administrative of ...

New Hanover County has signed a lease agreement with The Healing Place of New Hanover County Inc.  The agreement with the nonprofit organization outlines the dynamic the two entities have agreed to as construction nears an end for the county-owned opioid and alcohol recovery center at 1000 Medical Drive. Work to bring the facility to fruition has been underway f ...

The city of Wilmington's state legislative goals are expected to include support for finding ways to fund transportation and infrastructure needs. The Wilmington City Council heard a summary of the state and federal proposed goals Monday morning from the city's director of legislative and intergovernmental affairs, Kara Spencer, who has been in the post for a li ...

The Wilmington City Council will consider allocating funds to buy another northern downtown gateway property, for a price of nearly $5 million, at its meeting next week.  The 1.88-acre property, 820 N. Second St., has been home to a Salvation Army shelter, the organization's administrative offices and one of its thrift store. WHQR reported in December that ...